PTI GROUP INC.

PTI GROUP INC.

July 11, 2007 11:13 ET

PTI Group and Bear Dog Enterprises form Joint Venture

Attention: Business/Financial Editor, Energy Editor, Food/Beverage Editor EDMONTON, ALBERTA--(Marketwire - July 11, 2007) - PTI Group, a North American leader in the provision of modular workforce accommodations and catering services announced today a joint venture agreement with Bear Dog Enterprises. Operating under the name Spectrum Catering Ltd., the joint venture will provide remote location catering services to operators undertaking mining, construction, and other development projects in the Tahltan Nation traditional territory.

The Tahltan Nation, located in northeastern British Columbia near Dease Lake and surroundings, holds inherent Aboriginal title, rights and interests in respect of its territory. Industry projects operating in the region understand the importance of supporting local business in the territory, often contracting support services to locally-owned Tahltan businesses that will provide tangible economic and social returns to the community.

Bear Dog Enterprises is a Tahltan business promoting and developing commercial enterprise within the Tahltan Nation traditional territory. Bear Dog's shareholders are members of the Etzenlee Family who form part of the Tahltan Nation. As a Tahltan business, they have favoured contract status for the region by way of certain Economic Development Agreements. The company holds a majority ownership position in Spectrum Catering, which enables the new venture to bid on catering contracts for industry projects planned for the region.

Allen Edzerza, President and Chief Executive Officer of Bear Dog comments, "We are very pleased to be in partnership with PTI and look forward to working with their team to build capacity within Spectrum Catering Ltd. to become a leading provider of quality camp and catering services in our territory."

PTI Group also has an equity position in the company and will leverage its 30 years of industry experience to manage day-to-day operations and sales.

PTI Group has formed several successful joint ventures with Aboriginal communities in western Canada and the north and takes a principled approach to ensuring the relationships meet the needs of all involved.

"Joint ventures are formed with the intent of being in place for the long term," says PTI President and CEO Ron Green. "For a venture such as this to be successful, there needs to be an equal commitment from both partners and the community to realize a positive return that goes far beyond the financial success of the company." The joint venture will add value to the community by creating employment opportunities and apprenticeship training for those interested in pursuing a career in the culinary arts and hospitality industry.

"In Bear Dog, we believe we have found a partner with a commitment to building a successful company with strong ties to the local community," says Green.

With over 30 years experience, PTI Group is one of North America's largest fully integrated suppliers of remote site services providing temporary and permanent workforce accommodations, food services, facility management, and other value-add services to resource industries worldwide.
/For further information:
Ken MacLean
Director, Marketing & Communications
PTI Group Inc.
Tel: 1.780.463.8872
Toll Free: 1.800.314.2695
Email: kmaclean@ptigroup.com
Website: www.ptigroup.com

Allen Edzerza
President
Bear Dog Enterprises
Tel: (604) 209-7701
Email: e7047@telus.net
/ IN: ENERGY, FORESTRY, MINING

Contact Information

  • Ken MacLean, Director, Marketing & Communications, PTI Group Inc.
    Primary Phone: 780-440-7863
    Toll-Free: 800-314-2695
    E-mail: kmaclean@ptigroup.com