Canadian Equipment Rental Fund Limited Partnership graduates to Tier 1 status and increases credit facility

    TSX Venture Symbol: CFL.UN

    CALGARY, April 20 /CNW/ - Canadian Equipment Rental Fund Limited
Partnership ("CERF LP" or the "Partnership") is pleased to announce that,
effective immediately, it has graduated from Tier 2 to Tier 1 status on the
TSX Venture Exchange.
    In the words of the TSX Venture Exchange, "Tier 1 is the Exchange's
premier tier and is reserved for the Exchange's most advanced Issuers with the
most significant financial resources. Tier 1 Issuers benefit from decreased
filing requirements and improved service standards." CERF LP is pleased to
have its efforts recognized in this way in less than two years since listing
as a publicly traded partnership.
    CERF LP is also pleased to announce that it has been approved for an
increase in its total credit facility in various forms by the CIBC from
$4,473,000 to $8,473,000 as a result of the Partnership's strong financial
performance over the past year. The increased credit facilities will enable
the Partnership to continue to grow the rental fleet with new equipment and
services to meet our customers' ongoing rental and sales demands.

    CERF LP is an Alberta limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERF LP trades on the TSX
Venture Exchange under the symbol "CFL.UN".

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

    %SEDAR: 00022335E

For further information:

For further information: Wayne Wadley, President and CEO, CERF GP Corp.,
general partner of CERF LP, Telephone: (403) 850-4095, Fax: (403) 261-3834,
E-mail:; Ken Stephens, CEO, CERF GP Corp., general partner
of CERF LP, Telephone: (403) 298-8695, Fax: (403) 269-3540, E-mail:

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