June 27, 2007
Boyd Group Announces New Customer Arrangements
Winnipeg, Manitoba — June 27, 2007— The Boyd Group Income Fund (TSX: BYD.UN) (the “Fund”) today announced that The Boyd Group Inc. (“Boyd Group”) has received indications from several new and existing insurance company clients, of their intention to provide Boyd Group with incremental collision, auto glass and network glass sales volumes. Boyd Group estimates that in the aggregate, these incremental sales volumes could reasonably be expected to contribute approximately $7.5 million to $20.0 million annually to Boyd Group revenues. All of these arrangements have not yet been finalized and while finalization is not certain, Boyd Group expects them to be concluded and in place before the end of the third quarter. These arrangements and associated revenues are not guaranteed and by their nature, may be terminated by either party upon short notice. Failure to meet and maintain certain performance requirements would be expected to lead to termination of the arrangements by the insurance companies.About The Boyd Group Inc.
The Boyd Group Inc. is the largest operator of collision repair centres in Canada and among the largest in North America. The company operates locations in the four western Canadian provinces principally under the trade names Boyd Autobody & Glass and Service Collision Repair, as well as in six U.S. states principally under the trade name Gerber Collision & Glass. The company also operates Gerber National Glass Services, an auto glass repair and replacement referral business with affiliated service providers throughout the United States. For more information on The Boyd Group Inc. or Boyd Group Income Fund, please visit our Web site at www.boydgroup.com.
About The Boyd Group Income Fund
The Boyd Group Income Fund is an unincorporated, open-ended mutual fund trust created for the purposes of acquiring and holding certain investments, including a majority interest in The Boyd Group Inc. and its subsidiaries.
For further information, please contact:
Terry Smith
CEO
Tel: (204) 895-1244 (ext. 222)
terry.smith@boydgroup.com
Bruce Wigle
Investor Relations
Tel: (416) 815-0700 or toll free 1-800-385-5451 (ext.228)
bwigle@equicomgroup.com
This press release contains forward-looking statements, other than historical facts, which reflect the view of the Fund’s management with respect to future events. Such forward-looking statements reflect the current views of the Fund’s management and are made on the basis of information currently available. Although management believes that its expectations are reasonable, it can give no assurance that such expectations will prove to be correct. The forward-looking statements contained herein are subject to these factors and other risks, uncertainties and assumptions relating to the operations, results of operations and financial position of the Fund. The Fund assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contemplated by the forward-looking statements.
Corporate Headquarters
Boyd Group Services Inc.
Boyd Group Services Inc.
1745 Ellice Avenue
Winnipeg, Manitoba, R3H 1A6
Email: info@boydgroup.com
Tel: 204-895-1244
Fax: 204-895-1283