Canadian Equipment Rental Fund Limited Partnership
TSX VENTURE : CFL.UN

October 20, 2010 19:21 ET

Canadian Equipment Rental Fund Limited Partnership Acquires Waste Disposal Assets in the Calgary Area

CALGARY, ALBERTA--(Marketwire - Oct. 20, 2010) - CERF GP Corp., the general partner of Canadian Equipment Rental Fund Limited Partnership (TSX VENTURE:CFL.UN) ("CERF LP" or the "Partnership"), is pleased to announce that CERF LP, together with its wholly-owned subsidiary The Smart-Way Disposal & Recycling Company Ltd. ("Smart-Way"), has completed the purchase of certain waste disposal assets from Mr. Jerry Gautreau of Calgary Alberta. In connection therewith CERF LP has issued 20,000 limited partnership units ("Units") of CERF LP at a deemed price of $2.50 per Unit, the hold period for which will expire on February 19, 2011.

Mr. Gautreau has joined the Smart-Way team as Southern Alberta Operations Manager and will manage the acquired assets as well as promote Smart-Way's products and services into the Calgary area market. More information on Smart-Way can be found at: www.smart-waydisposal.com.

CERF LP is an Alberta limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERF LP trades on the TSX Venture Exchange under the symbol "CFL.UN" and after the issuance of the forgoing Units, has 6,116,450 Units issued and outstanding.

Forward-Looking Statements

Certain statements contained in this press release constitute "forward-looking statements" under applicable securities laws. These statements relate to future events or future performance and are based on the Partnership's current expectations, estimates, projections, assumptions and beliefs. Although the Partnership believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Accordingly, undue reliance should not be placed on these forward-looking statements. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking statements. All such forward-looking statements involve known and unknown risks and uncertainties, certain of which are beyond the control of the Partnership. The forward-looking statements contained in this press release are made as of the date hereof and the Partnership does not intend, and does not assume any obligation, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • CERF GP Corp., general partner of CERF LP
    Wayne Wadley
    President and CEO
    (403) 850-4095
    wwadley@cerflp.com
    or
    CERF GP Corp., general partner of CERF LP
    Ken Stephens
    CFO
    (403) 298-8695
    (403) 269-3540 (FAX)
    kstephens@cerflp.com