Resolve Business Outsourcing Income Fund

Resolve Business Outsourcing Income Fund

August 03, 2006 07:30 ET

Resolve Business Outsourcing Income Fund Announces August Distribution

Resolve Business Outsourcing Income Fund Announces August Distribution

TORONTO, ONTARIO--(CCNMatthews – Aug. 3, 2006) –

Attention Business Editors:

Resolve Business Outsourcing Income Fund (the "Fund")(TSX:RBO.UN) today announced a cash distribution to unitholders of $0.0833 per Unit, covering the period from August 1, 2006 to August 31, 2006. The distribution will be paid on September 20, 2006 to unitholders of record at the close of business on August 31, 2006.

This cash distribution is consistent with disclosure of the Fund's distribution policy in the prospectus dated March 9, 2006.

About Resolve

Resolve is a leading provider of customized business process outsourcing services to businesses and governments across North America. The company provides integrated solutions to clients for many of their essential, but non-core business processes. With 3,900 employees in 25 locations, Resolve assumes the complete management of these processes subject to agreed performance measures, allowing clients to focus on their core operations, achieve cost-savings by eliminating in-house resources, transfer fixed costs to variable costs and improve customer service levels. Across its three service categories of Financial and Administrative Solutions, Customer Relationship Management, and Supply Chain Management, Resolve provides more than 1,000 clients with outsourcing solutions that include loan administration, security registration and search services, credit and loyalty card processing, medical and dental insurance claims processing, call centre services, coupon and rebate processing, trade and consumer order fulfillment, warehousing, and inventory transportation management. 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.

Certain statements in this press release may constitute "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Fund or Resolve, or industry results to be materially different from any future results, performance or achievements or opportunities expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may", "will", "expect", "believe", "plan", "could" and other similar terminology. These statements reflect current expectations regarding future events and operating performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications 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 statements, including, but not limited to, the factors discussed under "Risk Factors" in the Fund's prospectus dated March 9, 2006. Although the forward-looking statements contained in this press release are based upon what management believes are reasonable assumptions, neither the Fund nor Resolve can assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release. Neither the Fund nor Resolve assumes any obligation to update or revise them to reflect new events or circumstances.

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Contact Information

  • Resolve Corporation
    Dave Horton
    Chief Financial Officer
    (416) 503-1800