Spinrite Income Fund

Spinrite Income Fund

April 23, 2007 16:57 ET

Spinrite Income Fund to Hold First Quarter Conference Call

LISTOWEL, ONTARIO--(CCNMatthews - April 23, 2007) - Spinrite Income Fund (TSX:SNF.UN) ("the Fund") today announced it will hold a conference call and live audio webcast on Friday May 4, 2007 at 10:00 a.m. ET to discuss the Fund's financial results for the thirteen week period ended March 31, 2007.

A news release announcing the Fund's results will be issued prior to the call.

The call will be hosted by Dario Margve, President and Chief Executive Officer and Ryan Newell, Chief Financial Officer. Following management's presentation, there will be a question and answer session for analysts and institutional investors.

To participate in the conference call, the numbers are 416-340-2219 or 1-866-862-3915. To access the live audio webcast, please visit Spinrite's website at www.spinriteincomefund.com. The webcast will also be archived on the site.

A taped rebroadcast will be available to listeners following the call until 12 a.m. on May 11, 2007. To access the rebroadcast, please dial 416-695-5800 or 1-800-408-3053 and quote the passcode 3220037#.

About Spinrite Income Fund

Spinrite Income Fund (TSX:SNF.UN) is the largest producer and marketer of craft yarn in Canada and one of the largest in the United States. Established in 1952, Spinrite researches, develops, manufactures and market a broad variety of consumer craft yarns. The company also supports its market with patterns that provide customers with creative ideas for knitted products. Spinrite has approximately 470 employees at its fully integrated manufacturing and distribution centre in Listowel, Ontario.

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