April 11, 2006 07:00 ET

TerraVest Announces Stylus Reaches First Contract Terms with CAW

VEGREVILLE, ALBERTA--(CCNMatthews - April 11, 2006) - TerraVest Income Fund (TSX:TI.UN) today announced that management of its 80% owned Stylus portfolio company and representatives of Local 114 of the Canadian Auto Workers Union (CAW) have ratified a three-year agreement on a first contract covering 160 workers at its facility in Burnaby, B.C. The terms of the settlement were not disclosed.

The Fund's units trade on the Toronto Stock Exchange and it has invested in six companies:

- RJV is one of the largest providers of wellhead processing equipment for the natural gas industry in western Canada.

- Stylus is one of Canada's leading made-to-order upholstered furniture manufacturers.

- Don Park is one of Canada's largest manufacturers and suppliers of heating, ventilation and air conditioning (HVAC) products.

- Diamond Energy Services is a market leader in providing well servicing to the oil and natural gas sector in south-western Saskatchewan, with a growing presence in Alberta.

- Beco Industries is the largest Canadian designer, manufacturer and importer of home textile products.

- Ezee-On manufactures heavy-duty equipment for large acreage grain farms and livestock operations.

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