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DISSEMINATION IN THE UNITED STATES/
Stock Symbol: TSX: NCT.U
TORONTO, March 28 /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 it has signed a
one year agreement with the Northern California division of the Ryland Group,
Inc. ("Ryland Homes"). Pursuant to the terms of the agreement, 180 Connect
will provide, on an exclusive basis, all the low voltage standard wiring and
in-home product packages for each of Ryland Homes' 13 developments in the
Northern California market, representing approximately 1,700 homes. The
agreement is effective immediately.
"Ryland Homes is a Fortune 500, premier home builder and we are very
excited to be working with them on an exclusive basis in Northern California,"
said Peter Giacalone, President and CEO of 180 Connect. "We are increasingly
optimistic about the growth prospects in our Digital Interiors - Homes
business as our experience, expertise and dedication to providing the highest
level of customer service is being recognized by our growing customer base.
Building on that strength, we continue to create additional value through
operational improvements, further revenue growth and profitable service
With headquarters in Southern California, Ryland Homes is one of the
U.S.'s largest homebuilders and a leading home mortgage-finance company.
Ryland Homes currently operates in 28 markets across the U.S. and has built
more than 265,000 homes and financed more than 225,000 mortgages since its
founding in 1967. Ryland Homes is a Fortune 500 company listed on the New York
Stock Exchange under the symbol RYL.
180 Connect Inc.
180 Connect Inc. is one of North America's largest provider 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
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.
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,