CALGARY, Jan. 15 /CNW/ - Continuum Health Care Inc. ("Continuum" or the
"Corporation") ("TSX-V: CCF") is pleased to announce that on January 14, 2008,
the Alberta government, through Alberta Seniors and Community Supports, under
the Affordable Supportive Living Initiative ("ASLI") program, approved a grant
to the corporation's subsidiary, Continuum Health Care Holdings Ltd., for the
development and operation of sixteen (16) designated supportive living units
in a seniors housing facility to be constructed in the town of Drayton Valley,
Alberta. Pursuant to the ASLI Program, Continuum Health Care Holdings Ltd.
will receive $1,396,508 to be applied toward the capital costs of the 16
designated units within the proposed Drayton Valley facility. The capital
funding is to be provided 50% by ASLI and 50% by the Government of Canada,
through its Affordable Housing Trusts program. The Alberta Government
announced capital funding of a total of $30 million dollars under the ASLI
program on January 14, 2008, including the grant that is the subject matter of
this press release.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Continuum Health Care Inc., Mr. Patrick Hovan,
President and CEO, Phone: (403) 556-1971