Boyd Group announces new customer arrangements



    WINNIPEG, June 28 /CNW/ - 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.

    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.

    %SEDAR: 00018929E




For further information:

For further information: 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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890