GENIVAR Income Fund Acquires RFA, a British Columbia Based Firm and Further Strenghthens its Building Group



    MONTREAL, Feb. 7 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is
pleased to announce the acquisition of RFA Consulting Electrical Engineers
Inc. (RFA), a 30-employee firm based in Vancouver and Victoria, British
Columbia.
    "I am very pleased to welcome RFA into GENIVAR's team," said Pierre
Shoiry, GENIVAR's President and CEO. "They provide complete electrical
engineering and lighting design services. The firm is specialised in buildings
and other civil infrastructure and, it has developed cutting-edge solutions in
green buildings," continued Mr. Shoiry. "RFA has a solid client base, being an
important provider of engineering services to large healthcare, institutional,
governmental and commercial clients in British Columbia," he added. "This
acquisition represents another step forward in increasing our national
platform in the building market segment and as well, it expands our operations
in Vancouver and establishes our presence in Victoria."
    "This is an exciting period for GENIVAR as we are becoming one of the
prominent firms in building engineering in British Columbia," said J. Rob
Harmer, Vice-President of GENIVAR Western Canada. "The firm is committed to
environmentally sensitive, sustainable engineering and is continuously
advancing its electrical designs," he added. "Since 1992, RFA has completed
many award-winning and LEED(R) projects, including the first LEED(R) Platinum
Certification in Canada for Parks Canada, and, the Vancouver Island Technology
Park project. This project received the first LEED(R) Gold Certification from
the U.S. Green Buildings Council," said Mr. Harmer.
    "We are very pleased to be joining one of Canada's most dynamic
consulting engineering firms, " said Bob Schelle, P.Eng., President, RFA.
"This puts us in a better position to offer additional services to our clients
and gives us access to extensive financial resources and an impressive network
of professionals across Canada. We foresee a future filled with opportunities
to develop our team and our clientele," added Mr. Schelle.

    About RFA

    RFA was founded in 1974 and has 30 people working at the firm's Vancouver
and Victoria offices in British Columbia. They provide complete electrical
engineering services from concept to commissioning for healthcare,
institutional, governmental, commercial and industrial clients. RFA's
clientele includes all five major BC Health Authorities, Public Works and
Government Services Canada, the Department of National Defence, the
Universities of British Columbia and Victoria, the Capital Regional District
of Victoria, the British Columbia Institute of Technology, and Kwantleen
University.

    About GENIVAR

    GENIVAR is a leading Canadian Engineering Services firm providing private
and public sector clients with a comprehensive range of professional
consulting services through all execution phases of a project including
planning, design, construction and maintenance. Our clients operate in various
market segments such as buildings, industrial and power, urban infrastructure,
transportation and environment. GENIVAR is one of the largest Engineering
Services firms in Canada in terms of number of employees with over 2,400
managers, professionals, technicians and technologists and support staff in
more than 45 offices in Canada and internationally. www.genivar.com




For further information:

For further information: Pierre Shoiry, President and Chief Executive
Officer, GENIVAR Income Fund, (514) 340-0046, ext. 5104; Marlène Casciaro,
Director of Communications, GENIVAR Income Fund, (514) 340-0046, ext. 5184; J.
Rob Harmer, MBA, Vice-President, Western Canada, GENIVAR Income Fund, (604)
736-5421; Bob Schelle, P. Eng., President, RFA Consulting  Electrical
Engineers, (250) 386-6721

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