Strongco Income Fund

Strongco Income Fund

March 08, 2010 14:10 ET

Strongco Recognized by Volvo

2009 Leaders in Construction Equipment, Financial Services

MISSISSAUGA, ONTARIO--(Marketwire - March 8, 2010) - Strongco Income Fund (TSX:SQP.UN) announced today that, for the second consecutive year, it has been recognized by Volvo as the North American leader in two important categories.

Volvo Construction Equipment recognized Strongco as its largest volume dealer in North America for 2009. In addition, Volvo Financial Services recognized Strongco as its largest producer in North America of financing at the retail level. The awards were announced last week at Volvo's annual dealer meeting.

"These awards recognize Strongco's consistently strong performance during a year that saw the worst economic recession since the 1930's," said Bob Dryburgh, President and Chief Executive Officer. "These results clearly demonstrate the success of our efforts over the past three years to continuously improve our sales organization, enhance our customer support services and expand our retail facilities across Canada.

"As the economy begins to recover, we expect to be well positioned to take full advantage of the improving market for heavy construction equipment," Mr. Dryburgh added. "Volvo's high-quality, fuel-efficient construction equipment, plus its in-house financial services arm, form a powerful sales combination and we look forward to another successful year in 2010."

About Strongco

Strongco Income Fund is a trust established to hold one of the largest multi-line industrial equipment distribution providers in Canada. Over 500 employees provide retail service at 27 branches located from Newfoundland to Alberta. Strongco sells, rents and services mobile industrial equipment to sectors that include construction, road building, mining, forestry, utilities and municipalities. Strongco represents leading equipment manufacturers that include Volvo, Case, Manitowoc, Cedarapids, Skyjack, Fassi, Allied, Gomaco, Taylor, ESCO and Dressta.

Strongco Income Fund is listed on the Toronto Stock Exchange under the symbol SQP.UN.

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