TSX Symbol: CH
TORONTO, Sept. 20 /CNW/ - Century II Holdings Inc. ("Century") announces that the two major shareholders of Century, The Millard Group Inc. and Jaguar Financial Inc., and seven directors and officers of Century who hold shares of Century have entered into support agreements with affiliates of TransForce Income Fund ("TransForce") to vote in favour of the proposed transaction involving the acquisition of all of the outstanding shares of Century by affiliates of TransForce. The shareholders who have signed support agreements own, control or direct 6,156,044 shares representing approximately 53.8% of the outstanding common shares. The proposed transaction must be approved by at least 2/3 of the votes cast at a special meeting of shareholders to be held on October 25, 2007.
This news release may contain statements which are deemed to be "forward-looking statements". Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the TransForce Offer will be unsuccessful for any reason. The forward-looking statements contained in this news release are made as of the date of this news release and Century does not undertake any obligation to update publicly or revise any of the forward looking statements contained in this news release, whether it's a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this news release are expressly qualified with this cautionary note.
About Century II Holdings Inc. (TSX Symbol: CH)
Century II Holdings Inc. is a publicly listed holding company whose wholly owned subsidiary, Information Communication Services (ICS) Inc., operates a structured route courier business servicing in excess of 35,000 accounts in the insurance, optical, financial, travel, dental and hearing appliance business sectors across Canada.
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