GENIVAR Income Fund acquires an Ontario-based transportation firm



    MONTREAL, Feb. 9 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR") is
pleased to announce the acquisition of ENTRA Consultants Inc. ("ENTRA"), an
Ontario-based transportation planning firm with approximately 20 employees.
    "By acquiring ENTRA, a firm specializing in transportation planning,
transit planning and traffic engineering, we have complemented our existing
range of services and strengthened our team in this sector," said Pierre
Shoiry, GENIVAR's President and CEO. "Our company is recognized as a key
player in the transportation field, providing planning, design and project
delivery services. Given the need for transportation infrastructure
development and improvements across Canada, we are strategically positioned to
take part in a wide range of emerging projects."
    ENTRA Consultants was founded in 1990 and is headquartered in Toronto.
The firm's clients include transportation agencies, municipalities and
provincial governments across the country and prominent private sector
developers, primarily located in Ontario.
    "ENTRA's decision to merge with GENIVAR will build on our momentum and
take us to a new level in our development," said Angela Iannuzziello, P.Eng.,
ENTRA's President. "The scope of GENIVAR's operations and its critical
transportation mass will allow us to deliver more comprehensive transit and
transportation projects. By joining forces with GENIVAR, our clients will
continue to benefit from the personal attention of our staff and experience
the benefits of the expanded personnel and expertise resource of GENIVAR. We
will be better equipped to develop new transportation client relationships and
attract new professionals to take advantage of the many opportunities of the
future."

    About GENIVAR

    GENIVAR is a leading Canadian engineering services firm providing private
and public-sector clients with a complete range of professional consulting
services throughout all project phases, including planning, design,
construction and maintenance. Ranging in size and scope, GENIVAR's clients
primarily operate in the building, industrial, power, municipal
infrastructure, transportation and environmental sectors. GENIVAR is one of
Canada's largest consulting engineering services firms by number of employees,
with more than 3,500 managers, professionals, technicians, technologists and
support staff in more than 80 offices in Canada and internationally
(www.genivar.com).




For further information:

For further information: Pierre Shoiry, President and CEO, GENIVAR
Income Fund, (514) 340-0046, ext. 5104; Marlène Casciaro, Director of
Communications, GENIVAR Income Fund, (514) 340-0046, ext. 5184; Angela
Iannuzziello, P.Eng., President, ENTRA Consultants Inc., (905) 946-8900

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