Boyd Group makes management announcement


    WINNIPEG, Feb. 6 /CNW/ - Boyd Group Income Fund (TSX: BYD.UN) ("the Fund"
or "the Boyd Group") today announced that Chief Executive Officer Terry Smith
is recovering from physical injuries sustained in a recreational accident and
resulting corrective surgery. Mr. Smith is expected to continue to fulfill his
principal duties during the anticipated recuperation period of two to three
months, following which, he is expected to resume his duties on a full-time
basis. During this recuperation period, Brock Bulbuck, the Fund's President
and Chief Operating Officer, will assist Mr. Smith in attending to his duties.
    "I have total confidence in Brock as well as Boyd Group's entire senior
management team in both Canada and the U.S. to continue to carry on our
business in normal course and I appreciate them assuming certain additional
responsibilities during my recovery period," said Terry Smith, CEO of the Boyd
Group. "I will remain involved in company affairs at a strategic level and
look forward to resuming my duties on a full-time basis as my recovery

    About The Boyd Group Inc.

    The Boyd Group Inc. is the largest operator of collision repair centres
in Canada and among the largest in North America. The company operates
locations in the four western Canadian provinces principally under the trade
names Boyd Autobody & Glass and Service Collision Repair, as well as in seven
U.S. states principally under the trade name Gerber Collision & Glass. The
company also operates Gerber National Glass Services, an auto glass repair and
replacement referral business with affiliated service providers throughout the
United States. For more information on The Boyd Group Inc. or Boyd Group
Income Fund, please visit our Web site at

    About The Boyd Group Income Fund

    The Boyd Group Income Fund is an unincorporated, open-ended mutual fund
trust created for the purposes of acquiring and holding certain investments,
including a majority interest in The Boyd Group Inc. and its subsidiaries.

    Caution concerning forward-looking statements
    Statements made in this press release, other than those concerning
historical financial information, may be forward-looking and therefore subject
to various risks and uncertainties. Some forward-looking statements may be
identified by words like "may", "will", "anticipate", "estimate", "expect",
"intend", or "continue" or the negative thereof or similar variations. Readers
are cautioned not to place undue reliance on such statements, as actual
results may differ materially from those expressed or implied in such
statements. Factors that could cause results to vary include, but are not
limited to: fluctuations in cash distributions and capital expenditures;
dependence on the Fund's operating subsidiary to pay its interest obligations;
loss of services of key senior management personnel; operational and
infrastructure risks including possible equipment failure and performance of
information technology systems; the ability to complete acquisitions of
collision repair facilities and other businesses and to integrate these
acquisitions successfully; the ability to identify start-up locations and
reach anticipated profitability levels; access to capital; management of
credit and refinancing risks; potential discovery of undisclosed liabilities
associated with acquisitions; ability to expand into the United States; loss
of key customers; impact of government owned insurance; variation in the
number of insurance claims; competition from established competitors and new
entrants in the businesses in which the Company operates; the management of
key supplier relationships; employee relations; fluctuations in the cost of
benefit plans; insurance coverage of sufficient scope to satisfy any liability
claims; environmental risk; pending and proposed legislative or regulatory
developments including the impact of changes in laws, regulations and the
enforcement thereof; quality of corporate governance; quality of internal
control systems; fluctuations in operating results and seasonality; energy
costs; weather conditions; technology risks; interest rate fluctuations and
general economic conditions; fluctuations in foreign currencies; and the
possible impacts from public health emergencies, international conflicts and
other developments including those relating to terrorism; and the Fund's
success in anticipating and managing the foregoing risks.
    We caution that the foregoing list of factors is not exhaustive and that
when reviewing our forward-looking statements, investors and others should
refer to the "Risk Factors" section of the Fund's Annual Information Form, the
"Risks and Uncertainties" and other sections of our Management's Discussion
and Analysis of Operating Results and Financial Position and our other
periodic filings with Canadian securities regulatory authorities. All
forward-looking statements presented herein should be considered in
conjunction with such filings. The Fund does not undertake to update any
forward-looking statements; such statements speak only as of the date made.

    %SEDAR: 00018929E

For further information:

For further information: Brock Bulbuck, President & COO, Tel: (204)
895-1244,; Dan Dott, Chief Financial Officer, Tel:
(204) 895-1244,; Bruce Wigle or Adriana Braczek,
Investor Relations, Tel: (416) 815-0700 or toll free 1-800-385-5451 (ext.

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