Resolve Business Outsourcing Income Fund
TSX : RBO.UN

Resolve Business Outsourcing Income Fund

July 21, 2009 17:05 ET

Davis + Henderson Receives Regulatory Approvals Related to Offer to Acquire Resolve

TORONTO, ONTARIO--(Marketwire - July 21, 2009) -

Attention Business and Financial Editors:

Resolve Business Outsourcing Income Fund (TSX:RBO.UN) ("Resolve") and Davis + Henderson Income Fund (TSX:DHF.UN) ("Davis + Henderson") today announced that Resolve and 2206997 Ontario Inc. (the "Offeror"), a company established by Davis + Henderson, have received all necessary regulatory approvals forming part of the conditions to the Offeror's previously announced offer (the "Offer") to acquire all of the outstanding units of Resolve on the basis of 0.285 Davis + Henderson units for each unit of Resolve.

The Offer is open for acceptance until 12:00 p.m. (Toronto time) on July 27, 2009, unless withdrawn, modified or extended.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This press release may include certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). 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 press 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, the ability to maintain software licenses, changes in privacy laws, and risks inherent in bidding on government contracts. These risk factors are discussed in greater detail under ''Risks'' on page 14 of Resolve's MD&A for the period ended December 31, 2006, which is available on SEDAR at www.sedar.com. Although the forward-looking information contained in this press 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 press release, and Resolve assumes no obligation to update or revise it to reflect new events or circumstances.

Contact Information

  • Resolve Business Outsourcing Income Fund
    Gerry McDonald
    Chief Financial Officer
    (Investor Contact)
    905-306-2196
    or
    Resolve Business Outsourcing Income Fund
    John Nevins
    (Media Contact)
    905-306-2642