BFI Canada Income Fund

BFI Canada Income Fund

September 19, 2005 11:52 ET

BFI Canada Income Fund Appoints Joseph Quarin Executive Vice President and Canadian Chief Operating Officer; Thomas Cowee Appointed Chief Financial Officer

TORONTO, ONTARIO--(CCNMatthews - Sept. 19, 2005) - BFI Canada Income Fund (TSX:BFC.UN) (the "Fund") today announced that Joseph Quarin has been appointed Executive Vice President and Canadian Chief Operating Officer.

In his new role, Mr. Quarin will lead the Fund's operations in Canada, which include non-hazardous solid waste collection, recycling, landfill and transfer station operations across five provinces.

"Joe was clearly ready for a new challenge and we're delighted that he has decided to accept this position and remain with BFI Canada as we continue to grow through our market-focused strategies," said Keith Carrigan, President and Chief Executive Officer. "Joe brings a substantial amount of financial and business experience to this important, newly-created post and he will be instrumental in establishing the future direction of our business."

Mr. Quarin has been with BFI Canada since 2000 and was most recently Chief Financial Officer of the Fund, a position he held since the Fund went public in 2002. As previously announced, Mr. Quarin has been transitioning out of this role for the past month, working with Thomas J. Cowee who assumed the role of interim Chief Financial Officer while a search for a successor to Mr. Quarin was completed. Mr. Cowee was today named the Fund's permanent Chief Financial Officer.

Mr. Cowee has over 25 years of financial management experience in the solid waste management industry. Mr. Cowee has been IESI Corporation's Chief Financial Officer, Treasurer and Assistant Secretary since 1997. In his capacity as Vice President Integration, and because he was a key member of the merger and integration team that managed BFI Canada's acquisition of IESI, Mr. Cowee has full working knowledge of the capital structure of the Fund.

"I'm also pleased that we have the organizational depth to promote from within, as Joe and Tom's appointments vividly illustrate. Mickey Flood (IESI's President and Chief Executive Officer) and I look forward to working with Joe and Tom to build our business in the years to come."

BFI Canada Income Fund, through its subsidiaries, is one of North America's largest full-service waste management companies, providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and nine U.S. states. Its two brands, IESI and BFI Canada, are leaders in their respective markets and serve more than 1 million customers with vertically integrated collection and disposal assets. The Fund's units are listed on the Toronto Stock Exchange under the symbol BFC.UN.

To find out more about BFI Canada Income Fund (TSX: BFC.UN), visit our website at

This document may contain forward-looking statements relating to the Fund's operations or to the environment in which it operates, which are based on the Fund's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the Fund's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the Fund's renewal Annual Information Form for the period ended December 31, 2004. Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, the Fund cannot assure unitholders that actual results will be consistent with these forward looking statements, and the Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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