All Seniors Care Expands Portfolio of Seniors Care Facilities

    $65 million acquisition in Gatineau, Quebec highlights growth strategy

    TORONTO, March 22 /CNW/ - All Seniors Care Living Centres Ltd. (All
Seniors Care), a growing provider of quality retirement residence living
centres, today announced it is expanding its presence across Canada with the
acquisition of a development portfolio of four senior living centres in
Gatineau, Quebec. This new senior's community will be made up of a Retirement
Residence, a Care facility and two Seniors apartment buildings totaling 470
units. In addition, a large amount of commercial space, sufficient to
accommodate both medical and pharmaceutical facilities is planned. The project
is expected to be completed in 2008 with a total construction cost in excess
of $65 million. "We are excited by this new venture and are pleased to be able
to offer so many services to seniors in one location," said George Kuhl,
President and Chief Executive Officer of All Seniors Care.
    The Quebec portfolio, known as Résidence de la Gappe, is located on
Boulevard de la Gappe in Gatineau. The Retirement Residence is now open and
offers spacious suites, large common areas, fine dining and an in-house
pharmacy and medical clinic. The Care centre will open in May, 2007 followed
by the Seniors apartments in early 2008.
    Each facility will provide an array of services along the continuum of
care to enhance the seniors' lifestyles. While each facility will cater to its
residents needs, they will all differ in the approach to aging in place. From
independent to assisted living and dedicated nursing care, a resident will be
able to age in place in each of the four different facilities ensuring that
all their needs and concerns are attended to with the utmost dignity and
    "Caring is our business and our number one concern. We are proud of All
Seniors Care's standard of excellence in our existing and new facilities
across Canada. We are always searching for opportunities to acquire, develop
or manage existing or new senior living centres," said George Kuhl
    All Seniors Care is currently involved in the operation, acquisition and
development of more than $390 million of Senior's Living Centres in Alberta,
Manitoba, Ontario and Quebec. In addition, to the company's current holdings,
the Company has six new developments in both Quebec and Manitoba which are
expected to close in 2007.

    About All Seniors Care Living Centres Ltd

    All Seniors Care, a private company, is a new name in the world of
seniors care, from one of the most respected and accomplished group of
professionals in the retirement residences field. All Seniors Care will be the
new standard of excellence in luxury retirement living, founded on an
unwavering commitment to exceptional care. All Seniors Care is dedicated to
creating and operating the best seniors' facilities, and providing the best
care to seniors. For more information, please visit our website at

For further information:

For further information: Michael Fraser, Chief Financial Officer, Tel:
(416) 927-2452, Fax: (416) 929-8695, Email:

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