TORONTO, Aug. 9 /CNW/ - Century II Holdings Inc. today announced its consolidated financial results for the second quarter ended June 30, 2006. The Company's operations principally reflect its investment in Information Communication Services (ICS) Inc. (operating as ICS Courier). The Company reported net earnings in the second quarter of 2006 of $2.5 million ($0.22 per share) compared to $1.3 million ($0.11 per share) for the same period last year. Net earnings for the six months ended June 30, 2006 are $5.2 million (or $0.46 per share) compared to $1.9 million (or $0.17 per share) for the same period last year. Commenting on the financial performance of the second quarter of 2006, Mr. Geoff Davies, President and Chief Executive Officer of the Company, said that "we now have a track record of six consecutive quarters of improved financial results which indicates a positive trend in operating performance. Continued improvements in service levels have supported our ability to retain customers and continue our success in attracting new volumes. This is due to outstanding performance by the ICS team." About Century II Holdings Inc. (TSX Symbol: CH) ----------------------------------------------- Century II Holdings Inc. is a publicly listed holding company whose wholly owned subsidiary, ICS Courier, operates a fixed route courier business servicing in excess of 35,000 accounts largely in the insurance, financial, travel, optical and dental business sectors across Canada. Certain statements in this press release constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, competition and technological changes. These factors and other risks and uncertainties are discussed in the Company's Annual Report for the year ended December 31, 2005 and in the subsequent reports filed by the Company with the Ontario Securities Commission. %SEDAR: 00002281E