Resolve Business Outsourcing Income Fund
TSX : RBO.UN

Resolve Business Outsourcing Income Fund

January 29, 2007 16:10 ET

Resolve Appoints Peggy Mulligan to Board of Trustees

TORONTO, ONTARIO--(CCNMatthews - Jan. 29, 2007) -

Attention Business and Financial Editors:

Resolve Business Outsourcing Income Fund (the "Fund") (TSX:RBO.UN) is pleased to announce that on January 18, 2007 Margaret (Peggy) Mulligan, FCA was appointed a Trustee of the Fund.

Mrs. Mulligan is Executive Vice President, Chief Financial Officer and Treasurer of Linamar Corporation. Prior to joining Linamar Corporation, she spent eleven years at the Bank of Nova Scotia, lastly as the Executive Vice President, Systems and Operations. Prior to the Bank of Nova Scotia, Mrs. Mulligan was an audit partner with Pricewaterhouse Coopers. She also serves on the Board of Ontario Power Generation and on the boards of several not-for-profit organizations.

"We are delighted that Peggy agreed to join the Fund as a Trustee" said Lawrence Zimmering, President and Chief Executive Officer. "Her board, financial and operating experience and understanding of financial institutions further complements our already strong Board of Trustees."

About Resolve

Resolve is a progressive business process outsourcing (BPO) firm, providing services to over 1,000 blue-chip businesses and governments across North America. Resolve delivers essential business functions to its clients on an outsourced basis, enabling them to spend more time focused on building customer relationships, growing sales revenue, and improving operational efficiency. Resolve's diverse BPO solution portfolio includes Finance and Administrative solutions (F&A), Customer Relationship Management solutions (CRM), and Supply Chain Management solutions (SCM). Along with various government ministries and agencies, Resolve's clients include some of the most recognizable brand names from the financial services, retail, consumer goods and manufacturing sectors. Resolve Business Outsourcing Income Fund is listed on the Toronto Stock Exchange, symbol RBO.UN. For more information, visit www.resolve.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains certain ''forward-looking information'' under applicable securities laws. Such forward-looking information may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Resolve, or industry results, to be materially different from any future results, performance, achievements, or opportunities expressed or implied by such forward-looking information. This forward-looking information includes estimates, forecasts and statements as to management's and others' expectations with respect to, among other things, growth strategies and the outlook for Resolve and the business process outsourcing industry, and may use words such as ''may'', ''will'', ''estimate'', ''expect'', ''anticipate'', ''believe'', ''intend'', ''plan'', ''could'', "continue" and other similar terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release. Forward-looking information involves significant risks and uncertainties, and should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information, including, but not limited to, loss of key customer contracts or reduction of services purchased by key customers, foreign exchange rates, increases in costs to Resolve that cannot be passed on to customers, disputes with key customers, competition, the ability of Resolve to manage operations and execute growth strategies, stability of internal and government information systems and technology, technological changes, ability to maintain software licenses, changes in privacy laws, and risks inherent in bidding on government contracts. These risk factors as well as additional factors are discussed in greater detail under ''Risk Factors'' on page 117 in Resolve's prospectus dated March 9, 2006. Although the forward-looking information contained in this news release is based upon what management believes are reasonable assumptions, Resolve cannot assure that actual results will be consistent with this forward-looking information. This forward-looking information is made as of the date of this news release, and Resolve assumes no obligation to update or revise them to reflect new events or circumstances.

Contact Information

  • Resolve Corporation
    Jamie Hyde
    Chief Financial Officer
    (416) 503-1800
    Website: www.resolve.com