Century II Holdings Inc. Announces Execution of Support Agreements Between TransForce Income Fund and Century's Principal Shareholders



    TSX Symbol: CH

    TORONTO, Sept. 20 /CNW/ - Century II Holdings Inc. ("Century") announces
that the two major shareholders of Century, The Millard Group Inc. and Jaguar
Financial Inc., and seven directors and officers of Century who hold shares of
Century have entered into support agreements with affiliates of TransForce
Income Fund ("TransForce") to vote in favour of the proposed transaction
involving the acquisition of all of the outstanding shares of Century by
affiliates of TransForce. The shareholders who have signed support agreements
own, control or direct 6,156,044 shares representing approximately 53.8% of
the outstanding common shares. The proposed transaction must be approved by at
least 2/3 of the votes cast at a special meeting of shareholders to be held on
October 25, 2007.

    This news release may contain statements which are deemed to be
"forward-looking statements". Readers are cautioned not to place undue
reliance on forward-looking statements. Actual results and developments may
differ materially from those contemplated by these statements depending on,
among other things, the risk that the TransForce Offer will be unsuccessful
for any reason. The forward-looking statements contained in this news release
are made as of the date of this news release and Century does not undertake
any obligation to update publicly or revise any of the forward looking
statements contained in this news release, whether it's a result of new
information, future events or otherwise, except as required by law. The
forward-looking statements contained in this news release are expressly
qualified with this cautionary note.

    About Century II Holdings Inc. (TSX Symbol: CH)

    Century II Holdings Inc. is a publicly listed holding company whose
wholly owned subsidiary, Information Communication Services (ICS) Inc.,
operates a structured route courier business servicing in excess of 35,000
accounts in the insurance, optical, financial, travel, dental and hearing
appliance business sectors across Canada.

    %SEDAR: 00002281E




For further information:

For further information: Michael J. O'Neill, Chief Financial Officer,
(416) 207-5307, mjoneill@ics-canada.net

Organization Profile

CENTURY II HOLDINGS INC.

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