News Release

For Immediate Release
May 25, 2006


CITY PRINTERS BOOSTS ITS COMPETITIVENESS


Sydney, N.S. – City Printers Limited (CPL) will increase its competitiveness as a result of Government of Canada funding announced today by the Honourable Peter MacKay, Minister of Foreign Affairs and Minister of the Atlantic Canada Opportunities Agency (ACOA).

The funding has allowed CPL to purchase necessary equipment and construct an addition to its current facility. The project also helped to modernize existing technology and keep CPL on the competitive edge.

“Our government is committed to building a strong, competitive Atlantic Canada,” said Minister Peter MacKay. “We recognize that small and medium sized businesses are a major force in the region, driving economic growth, community development, and job creation.”

“The new equipment allows us to stay competitive in an ever-changing market,” says CPL President Blair Oake. “Furthermore, this funding will help us secure 22 existing jobs and may open the door for three additional full-time positions.”

The total cost of the project was $1,300,000. The company received a repayable contribution of $500,000 from ECBC through ACOA’s Business Development Program.

CPL provides full-service commercial printing, which includes pre-press, press, bindery and publishing.

Enterprise Cape Breton Corporation offers programs in support of economic development initiatives and is responsible for delivering ACOA’s programs on Cape Breton Island and in the Mulgrave area.

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For Additional Information Contact:

Blair Oake
President, City Printers Limited
Tel: (902) 539-8666

Jennifer Crocker
ECBC Communications
Tel: (902) 564-3917