Stephenson's Rental Services Income Fund
TSX : RNT.UN

Stephenson's Rental Services Income Fund

March 28, 2006 15:03 ET

Stephenson's Rental Services Expands Product Line

MISSISSAUGA, ONTARIO--(CCNMatthews - March 28, 2006) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Stephenson's Rental Services Income Fund ("the Fund") (TSX:RNT.UN) announced today that it has signed two new strategic alliances with Fast Fence Inc. (perimeter fencing) and Dell-Core Equipment Ltd. (high rise safety fencing). These new alliances broaden the Fund's expansive selection of rental equipment and consumables further driving branch revenue throughput from the construction and home renovation markets.

Scaffold Source, a division of Stephenson's Rental Services Inc. is an industry leader in providing high quality, reliable standard access scaffolding product which includes standard frames and braces, tube and clamp, sure-loc systems, waste chutes, planking and platforms. By incorporating these product lines into the inventory mix, Scaffold Source continues to expand it's offering to deliver on customer expectations.

"The addition of these new product lines to the Fund's offering allows our customers to efficiently manage their job site needs while creating new sources of revenue for the Fund, leveraging current infrastructure and driving profitability," commented William D. Swisher, President and Chief Executive Officer, "Looking ahead, we will continue to profitably grow our product mix offering that expand the diversity of our rental fleet and meet the needs of our customers."

About Stephenson's Rental Services Income Fund:

Stephenson's is the leading general tool and equipment rental company in Toronto and the surrounding areas. Over the last 50 years, the Company has grown from a single location into one of the top ten equipment rental businesses in Canada.

Through its 19 branches, Stephenson's provides rental equipment and sells consumables to a diverse base of over 30,000 customers, divided into three primary categories: (i) residential, new construction; (ii) non-residential, new construction; and (iii) renovations.

Further information can be found on the Fund's web site at www.stephensons.ca and in the disclosure documents filed by with securities regulatory authorities available at www.sedar.com.

Certain statements in this press release may constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred for additional information concerning the Fund, its prospects and the risks and uncertainties relating to the Fund and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund to be materially different from those contained in forward-looking statements. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

Contact Information

  • Stephenson's Rental Services Income Fund
    William D. Swisher
    Chief Executive Officer
    (905) 507-3650