Roadking Travel Centres Inc. - Sale of Calgary Travel Centre



    CALGARY, July 24 /CNW/ - Roadking Travel Centres Inc. ("Roadking" or the
"Corporation") announced today that it closed the sale of its Calgary Roadking
Travel Center effective July 15, 2008. The transaction resulted in net
proceeds to the Corporation of approximately $9,800,000, subject to certain
post-closing adjustments. With the completion of this transaction, the
Corporation has ceased conducting business as an owner and operator of travel
centers and will engage in the pursuit of alternate business opportunities.
    Net proceeds from the transaction will be used to pay out the remaining
business obligations of the Corporation, inclusive of income tax, the
remaining financial debts ongoing business expenses outstanding as a result of
continuing operations until closing. Thereafter, it is the intention of the
Corporation, subject to compliance with all legal and regulatory requirements,
to make available a portion of the remaining cash position of the Corporation
to its shareholders and use the balance of the net proceeds to pursue and
invest in new strategic business opportunities that will enhance shareholder
value.

    "The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release."





For further information:

For further information: Greg Spicer, Chief Financial Officer, Roadking
Travel Centres Inc., Telephone: (780) 417-9405, Mobile: (780) 953-6742,
Facsimile: (780) 417-9449, e-mail: gspicer@roadking.ca, Website:
www.roadking.ca

Organization Profile

ROADKING TRAVEL CENTRES INC.

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