Concord Pacific named Official Supplier of 2010 Winter Games

VANCOUVER, Dec. 8 /CNW/ - With 66 days to go until Canada's Games begin, Concord Pacific Developments, Inc. (Concord Pacific), and the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) announced today the Vancouver, BC-based company has been named an Official Supplier for the upcoming Games.

Under the agreement, Concord Pacific will make a financial investment in the Games as well as provide land for VANOC's use in preparation for and during the Games as part of a value-in-kind agreement. This includes access to 4.8-hectares of land on north False Creek adjacent to Concord Place Exposition and Activity Zone. The land will be used as staging areas for a number of critical back-of-house activities, including: security, broadcast, workforce, and ceremonies. In return, Concord Pacific will have rights to market and promote within the real estate development product and service category for the 2010 Winter Games and rights to associate with the Canadian Olympic Teams competing at the Vancouver 2010 Olympic Winter Games and the London 2012 Olympic Games. The company also made a significant monetary contribution to the Canadian Paralympic Committee (CPC) earlier this year.

"As Canada's leading developer of master planned communities, we at Concord Pacific believe we have a commitment to build the fabric of communities that goes far beyond contributing amenities and building homes," explained company president Terry Hui. "Our company has been a proud sponsor of citywide community events and charities for over 20 years in Vancouver and a supporter of the 2010 Winter Games since the initial bid.

"The excitement ramping up in the final days before the world's best come here to compete at venues all around us is contagious," he continued. "We're ecstatic about stepping up even further to become an Official Supplier of the 2010 Winter Games."

The last phase of Concord Pacific Place, located along the False Creek in downtown Vancouver, is the development site that connects the Olympic and Paralympic Village Vancouver to Canada Hockey Place and BC Place.

"We're excited to officially welcome Concord Pacific into our sponsorship family for the 2010 Winter Games," said John Furlong, VANOC's CEO. "Staging the Games in a city surrounded by the ocean and the mountains provides a beautiful backdrop but unique space challenges. However, through the commitments of partners like Concord Pacific, we've been able to access the areas we need to operate successfully in constrained spaces and we're grateful for their support as we enter the final planning stages towards delivering great Games in 2010."

About Concord Pacific and Concord Adex

Concord Pacific is a proud community supporter of annual citywide events and a contributor to various charities year after year. Concord is a developer of multi-phased, master planned residential neighbourhoods that are strategically designed to enhance the lifestyles of its residents. The company's legacy as a master-planned community developer began with Concord Pacific Place on the former Expo `86 grounds on Vancouver's False Creek waterfront. This project has steadily transformed the city's skyline and redefined urban living. To date, Concord Pacific Place includes more than 10,000 homes, intermixed with parks, schools and a variety of retail and commercial services. The final phase of the community will transform the northeastern shore of False Creek into a truly sustainable community with innovative architecture and engaging public spaces of world-class scale and use.

Concord Pacific is also creating new communities across Canada such as Concord Adex Developments in Ontario including CityPlace in Toronto and Concord Park Place north of Toronto; Porteau Cove just north of West Vancouver; Concord Gateway in Richmond and Park Place Community in Central City, Surrey BC. For more information, visit www.concordpacific.com.

About VANOC

VANOC is responsible for the planning, organizing, financing and staging of the XXI Olympic Winter Games and the X Paralympic Winter Games in 2010. The 2010 Olympic Winter Games will be staged in Vancouver and Whistler from February 12 to 28, 2010. Vancouver and Whistler will host the 2010 Paralympic Winter Games from March 12 to 21, 2010. Visit www.vancouver2010.com.

VANOC's marketing program is focused on securing mutually rewarding partnerships with shared values to generate sufficient revenue to host successful Winter Games in 2010 and to leave a financial legacy for sport. VANOC's worldwide TOP Partners include Coca-Cola, Acer, Atos Origin, General Electric, McDonalds, Omega, Panasonic, Samsung and Visa. VANOC's National Partners are Bell Canada, Hudson's Bay Company, RBC Financial Group, General Motors of Canada, Petro-Canada, and RONA.

VANOC's Official Supporters include Air Canada, BC Hydro, Bombardier, the British Columbia Lottery Corporation, Canadian Pacific, Insurance Corporation of British Columbia (ICBC), Jet Set Sports, Ricoh Canada, Royal Canadian Mint and Teck Resources.

VANOC's Official Suppliers are 3M, Acklands-Grainger, Aggreko, ALDA Pharmaceuticals Corp., Aquilini Investment Group, Birks, Britco, Canada Post, Canada's Olympic Broadcast Media Consortium, Canwest Publishing, COLD-FX, Concord Pacific, Deloitte, Dow Canada, EPCOR, Garrett Metal Detectors, General Mills, Hain Celestial Canada, Haworth Canada, Jackson Triggs, Karl's Global Events Inc,. La Presse, Millennium Development Corp., Molson, Nike Canada Corp., Nortel, Offsetters, Port Metro Vancouver, Purolator Courier Ltd., Saputo, Sleep Country Canada, Sun Microsystems of Canada, The Globe and Mail, Tickets.com, TransCanada, Vancouver Airport Authority, Weston Bakeries, Workopolis and Wrigley Canada.

SOURCE VANCOUVER ORGANIZING COMMITTEE FOR THE 2010 OLYMPIC AND PARALYMPIC WINTER GAMES

For further information: For further information: Media contacts: VANOC Communications, Tel: (604) 403-1611, E-mail: mediarelations@vancouver2010.com; Peter Udzenija, Concord Pacific, Tel: (604) 899-7237, E-mail: peter.udzenija@concordpacific.com

Organization Profile

VANCOUVER ORGANIZING COMMITTEE FOR THE 2010 OLYMPIC AND PARALYMPIC WINTER GAMES

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