Century II Holdings Inc. Shareholders Approve Amalgamation



    TSX Symbol: CH

    TORONTO, Oct. 25 /CNW/ - Century II Holdings Inc. ("Century") today
confirmed that its proposed amalgamation with two indirect subsidiaries of
TransForce Income Fund ("TransForce") (TSX: TIF:UN) was approved today at a
Special Meeting of Shareholders by 99.9% of the votes cast. The transaction is
expected to close within two weeks. Upon completion, Century will become an
indirect, wholly-owned subsidiary of TransForce and shareholders of Century
will receive cash consideration of $10.20 for each common share of Century
held immediately prior to the amalgamation.

    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, ICS Courier, operates a structured route courier
business servicing in excess of 35,000 accounts largely in the insurance,
financial, travel, optical, dental and hearing appliance business sectors
across Canada.

    Certain statements in this press release constitute forward-looking
statements. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance and achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, competition
and technological changes. These factors and other risks and uncertainties are
discussed in the Company's Annual Report for the year ended December 31, 2006
and in the subsequent reports filed by the Company with the Ontario Securities
Commission.

    %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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