Hartco Income Fund
TSX : HCI.UN

Hartco Income Fund

January 08, 2007 17:03 ET

Hartco Income Fund to Explore Strategic Options for CompuSmart

MONTREAL, QUEBEC--(CCNMatthews - Jan. 8, 2007) - (TSX:HCI.UN) Hartco Income Fund (the "Fund") today announced that it has initiated the process of exploring strategic options for CompuSmart, with emphasis on a potential sale of all or a portion of the retail division.

"As part of our ongoing strategic review, the board of trustees has determined that the divestiture of the CompuSmart retail division is in the best interest of the Fund to improve its financial performance," said President and Chief Operating Officer Patrick Waid. "The goal of any potential sale of all or part of CompuSmart would be to position it within an organization with the resources to allow it to realize its full potential, while enabling the Fund to sharpen its strategic focus on the commercial segment."

There can be no assurance that the decision to explore strategic options for CompuSmart will result in any transaction.

Hartco Income Fund (TSX:HCI.UN) has been a leader in the Canadian information technology business for more than thirty years. Through its operating divisions, which together include more than 90 commercial and retail locations across Canada, Montreal-based Hartco delivers digital technology products and services to consumers of every age and to private and public sector organizations of every size.

Forward-Looking Statements

This news release contains forward-looking information. Except for historical information contained herein, the statements in this document are forward-looking. Forward-looking statements involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from forecasted results. Those risks include, among others, changes in customer demand for information technology products or services, changes in supplier pricing actions or terms, customer orders, pricing actions by competitors, changes in laws and regulations and general changes in economic conditions.

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