Strongco Income Fund

Strongco Income Fund

February 19, 2009 08:00 ET

Strongco Recognized by Volvo

2008 Leaders in Construction Equipment, Financial Services

MISSISSAUGA, ONTARIO--(Marketwire - Feb. 19, 2009) - Strongco Income Fund (TSX:SQP.UN) announced today that it has been recognized by Volvo as the North American leader in two important categories. Volvo Construction Equipment recognized Strongco as its largest volume dealer in North America for 2008. In addition, Volvo Financial Services recognized Strongco as its largest producer in North America of financing at the retail level. The awards were announced last week at Volvo's annual dealer meeting.

"It is very satisfying to see positive results from our initiatives over the past two years to improve the quality of our sales organization and customer support," said Bob Dryburgh, President and Chief Executive Officer of Strongco. "This is particularly gratifying when combined with Strongco's success in improving Volvo's market share across the regions where we operate. We are excited by these achievements and look forward to the additional impact of new facilities we opened in 2008 and early 2009 as they begin to contribute in their markets."

Mr. Dryburgh added that, of the global brands represented by Strongco, Volvo accounts for the largest volume. "We highly value the collaborative relationship with the entire Volvo organization. Through this partnership, we are able to supply high-quality, fuel-efficient construction equipment to our customers, and through Volvo's in-house financial arm, provide the financing that enables them to purchase the equipment they need."

About Strongco

Strongco Income Fund is a trust established to hold one of the largest multi-line industrial equipment distribution providers in Canada. Over 700 employees provide retail service at 24 branches located from Nova Scotia to Alberta. Strongco sells, rents and services mobile equipment to sectors that include infrastructure, construction, road building, mining, forestry, utilities and municipalities. Strongco represents several leading equipment manufacturers including Volvo, Case, Manitowoc, Cedarapids.

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

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