GENIVAR Income Fund increases its presence in Ontario by way of the Timmins acquisition



    MONTREAL, Nov. 15 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is
pleased to announce the acquisition of B.H. Martin Consultants Ltd. (BHMC), a
multidisciplinary engineering and architectural consulting firm based in
Timmins, Ontario.
    "We are very happy to welcome BHMC into GENIVAR. The firm is active in
building engineering, municipal infrastructure, environment and serves the
mining industry," said Pierre Shoiry, President and Chief Executive Officer of
GENIVAR. "This acquisition enables us to establish our growth platform in
Northern Ontario and to develop our services in all of our market segments.
Northern Ontario is a flourishing, dynamic region, rich in opportunities in
all our market segments, including the mining, municipal infrastructure,
environment, transportation, buildings and power sectors, and we expect to
take part in these many projects in the coming years," added Pierre Shoiry.
    "We are very proud to be joining GENIVAR, and this merger gives us an
opportunity to grow. This puts us in a better position to develop our
potential and to work on larger and more complex projects, given the scale and
capacity of GENIVAR and its range of multidisciplinary expertise," added
Marz Kord, P.Eng., M.Sc., MBA, who becomes GENIVAR's Vice-President for
Northern Ontario. "It's a winning situation from every angle, for the
development of both our team and our clientele. GENIVAR's business model, with
its focus on the entrepreneurial spirit, is a perfect fit with our business
philosophy. We share the same values, quality service and professionalism. We
foresee a future, full of opportunities for developing our team and our
clientele," added Kord.
    "I am very pleased with this merger, which will ensure the continuity of
our firm and the pursuit of it's development within GENIVAR. Our decision was
motivated namely by the fact that GENIVAR's business model focusses on
regional development," said Barry H. Martin, Arch., P.Eng., MRAIC, founder of
BHMC. Mr. Martin will stay on with GENIVAR in order to further develop
business and offer services to the firm's clientele.

    About B. H. Martin Consultants Ltd.

    BHMC was founded in 1973 by Barry H. Martin, Arch., P.Eng., MRAIC. More
than 35 people work at the firm's office in Timmins, Ontario. Its services
cover municipal infrastructure, buildings, mines and the environment. Its
clientele includes a number of mining companies, namely Lake Shore Gold
Corporation and Baffinland Iron Mines, as well as the Ontario Realty
Corporation, which manages one of Canada's largest real estate portfolios.

    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. Clients fall into various
market segments such as building, industrial and power, urban infrastructure,
transportation and environment. GENIVAR is one of the largest Engineering
Services firm in Canada in terms of number of employees with more than 2,250
managers, professionals, technicians and technologists and support staff in
some 40 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;
Marz Kord, B.H. Martin Consultants Ltd., (705) 264-9413

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