Strongco Income Fund

Strongco Income Fund

July 30, 2009 20:32 ET

Strongco Announces Appointment of New Trustee

MISSISSAUGA, ONTARIO--(Marketwire - July 30, 2009) - Strongco Income Fund (TSX:SQP.UN) announces the appointment of John K. Bell, FCA to the Board of Trustees.

"John brings to the board a wealth of operating and corporate governance experience that will complement the strengths of the existing Trustees," said Robert Beutel, Chairman of the Board of Strongco Limited Partnership.

Mr. Bell's entrepreneurial experience includes the founding of Shred-Tech Limited. As Shred-Tech's Chief Executive Officer, he built the company into a world leader in recycling technology before selling it to a New York Stock Exchange-listed buyer. Following the sale of Shred-Tech, Mr. Bell acquired Polymer Technologies Inc. and grew it to be a tier two global auto parts manufacturer.

In addition to extensive operating experience, Mr. Bell brings a broad range of board experience. He is Chairman of BSM Wireless, Incorporated, a TSX-listed venture company providing GPS/cellular management capabilities for trucking fleets in North America. He is a board member and Chair of the Audit Committee of Newport Partners Income Fund, a $700 million TSX-listed company involved in manufacturing, remediation and financial services. Mr. Bell also serves on the board of ATS Automation Tooling Systems Inc., a $900 million global designer and manufacturer of automation for healthcare, solar and automotive industries. He also serves on the board of the Royal Canadian Mint. He is active in community and charity work as Chairman of the Board of Cambridge Memorial Hospital in Ontario.

Mr. Bell holds a BBA from the University of Western Ontario Ivey School of Business and is a chartered accountant, having been awarded Fellowship in the Ontario Institute of Chartered Accountants in 2005.

About Strongco

Strongco Income Fund is a trust established to hold one of the largest multi-line industrial equipment distribution providers in Canada. Over 600 employees provide retail service at 27 branches located from Newfoundland to Alberta. Strongco sells, rents and services mobile industrial equipment to sectors that include construction, road building, mining, forestry, utilities and municipalities. Strongco represents leading equipment manufacturers, including Volvo, Case, Manitowoc, Cedarapids, Fassi, Allied, Gomaco, Taylor and ESCO.

Strongco Income Fund is listed on the Toronto Stock Exchange under the symbol SQP.UN.

Contact Information