Rocky Mountain Dealerships Inc. announces proposed acquisition

    CALGARY, June 19 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky
Mountain" or the "Company") announces that it has entered into a Letter of
Intent with the shareholders of Miller Farm Equipment (2005) Inc. ("Miller
Inc.") to purchase all the shares of Miller Inc. Miller Inc. carries on a Case
IH agricultural dealership business through six locations, five of which are
in Manitoba and one in Saskatchewan representing revenues in excess of
$100 million (Cdn.) in 2007. The purchase price shall be approximately
one-half cash and one-half Rocky Mountain shares with the cash portion
available from existing facilities. The deal is expected to close on or about
July 31, 2008. The closing of the transaction will be subject to normal
closing conditions and approval from Case IH.
    Commenting on the Company's acquisition, Matt Campbell, CEO of Rocky
Mountain said: "The acquisition of Miller Farm Equipment (2005) Inc. is an
important step in our strategy to significantly grow our agricultural
equipment business at Rocky Mountain. In addition, we are excited to welcome
the owners of the Miller Inc. business to the Rocky Mountain executive team
and look forward to working with them to pursue the numerous opportunities
associated with this strategic and accretive acquisition."

    About Rocky Mountain

    Rocky Mountain represents one of Canada's largest agriculture and
construction equipment dealerships with 14 dealership branches located
throughout Alberta. Rocky Mountain sells, rents and leases new and used
construction and agriculture equipment, including the Case Construction and
Case IH Agriculture brands, as well as offering product support and finance
and insurance products to its customers.
    Additional information on Rocky Mountain is available on our website at and on SEDAR at The Common Shares of Rocky
Mountain trade on the Toronto Stock Exchange under the symbol "RME".

    Forward Looking Information

    Certain statements contained in this press release, including statements
related to the expectation that the transaction will close, and that the
transaction should be accretive and other statements that contain words such
as "could", "should", "can", "anticipate", "expect", "believe", "will", "may",
"likely" and similar expressions and statements relating to matters that are
not historical facts constitute "forward-looking information" within the
meaning of applicable Canadian securities legislation.
    These statements are based on certain assumptions made by the Company in
light of its experience and expected future developments as well as other
factors it believes are appropriate in the circumstances. However, whether
actual results, performance or achievements will conform to the Company's
expectations and predictions is subject to a number of known and unknown risks
and uncertainties which could cause actual results to differ materially from
the Company's expectations. Consequently, all of the forward-looking
information and statements made in this press release are qualified by these
cautionary statements and there can be no assurance that the actual results or
developments anticipated by the Company will be realized or, even if
substantially realized, that they will have the expected consequence to or
effects on the Company or its business or operations.

    %SEDAR: 00026106E

For further information:

For further information: M.C. (Matt) Campbell, Chairman and Chief
Executive Officer, Brian Taschuk, Chief Operating Officer or Garrett Ganden,
Chief Financial Officer, 828 - 46th Avenue S.E., Calgary, Alberta, T2G 2A6,
Telephone: (403) 243-8600, Fax (403) 243-2264

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