180 Connect Inc. - Brian McCarthy Executive Chairman puts transition plan into effect


    Stock Symbol: TSX: NCT.U

    TORONTO, Aug. 3 /CNW/ - 180 Connect Inc. ("180 Connect" or the
"Company"), one of North America's largest providers of installation,
integration and fulfillment services to the home entertainment, communication,
and home integration service industries today announced that Brian McCarthy,
Executive Chairman of the Board of 180 Connect has effected the gradual
transition from his position of Executive Chairman to that of Chairman of the
Board of Directors effective upon completion of the proposed merger agreement
with Ad. Venture Partners Inc. As part of a planned process and recent
upgrades to the senior management team of 180 Connect, Mr. McCarthy will
remain in his current capacity through to the end of December 2007. Commencing
January 2008, Mr. McCarthy will assume the role of non-executive chairman but
will continue to work with the management team, on a part-time basis,
throughout 2008 to ensure a seamless transition of management control. Mr.
McCarthy will continue to serve in the capacity of non-executive chairman for
the balance of his contract, or through to the end of the third quarter 2009.
    "The execution and turnaround of 180 Connect is now well in place, and
the last 21 months have been excellent in all respects," said Mr. Brian
McCarthy, Executive Chairman of 180 Connect. "We completed and have in process
a number of significant initiatives. We shored up our debt refinancing,
strengthened our relationships with our major customers and streamlined our
operations. To that end, we continue to deliver meaningful growth in revenues
and operating margins as well as increased cash from operations," continued
Mr. McCarthy. "We are pleased that the market has begun to recognize some of
the value of what 180 Connect has achieved over the last 21 months and I
believe that now, more than ever, the business prospects for our Company and
our strengthened management team make this the most reasonable time for me to
step back and gradually transition to the role of Chairman with minimal
disruption to the Company."

    180 Connect Inc.

    180 Connect Inc. is one of North America's largest providers of
installation, integration and fulfillment services to the home entertainment,
communications and home integration service industries. With more than 4,000
skilled technicians and 750 support personnel based in over 85 operating
locations, 180 Connect is well positioned as the only pure play national
residential service provider in the market. 180 Connect Inc. shares are traded
under the name of 180 Connect Inc. on the TSX under the symbol NCT.U.
    For Information please contact Investor Relations or visit our website at

    Forward-Looking Information

    This news release contains forward-looking statements which reflect
Management's current expectations regarding the Corporation's future growth,
results of operations, performance and business prospects and opportunities.
Statements about the Corporation's future plans and intentions, results,
levels of activity, performance, goals or achievements or other future events
constitute forward-looking statements. These statements reflect Management's
current beliefs and are based on information currently available to
Management. Forward-looking statements involve significant risk, uncertainties
and assumptions. Many factors could cause actual results, performance or
achievements to differ materially from the results discussed or implied in the
forward-looking statements. Reference should be made to the Corporation's
Annual Information Form for a description of the risks and uncertainties
facing the Corporation. These risks and uncertainties should be considered
carefully and prospective investors should not place undue reliance on the
forward-looking statements. Although the forward-looking statements contained
in this news release are based upon what Management believes to be reasonable
assumptions, the Corporation cannot assure that actual results will be
consistent with these forward-looking statements.

    %SEDAR: 00020398E

For further information:

For further information: Director, Investor Relations: Claudia A. Di
Maio, 180 Connect Inc., Direct Line: (416) 930-7710, Tel: (866) 995-8888,
Email: cdimaio@180connect.net

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