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ARCTIC GLACIER APPOINTS NEW VP OF ACQUISITIONS & INTEGRATION This new appointment adds to the senior executive team an additional emphasis on ensuring a disciplined and highly effective acquisition strategy coupled with the smooth and successful integration of new acquisitions into company operations. Mr. Burrows had a very successful 30 year career with Bristol Aerospace Limited, a division of Rolls Royce Industries, culminating in serving as President from 1992 to 1997. Prior to accepting his new role with the Fund, Mr. Burrows was President and Chief Executive Officer of Acetek Composites Inc. He has also served as Chairman of the Board of eZedia Inc. since 2000. "We are pleased to welcome Mr. Burrows to his new role at the Fund," said Robert Nagy, President and CEO of Arctic Glacier Inc. "Keith's solid business background and accomplishments while serving as a Trustee and a Director of Arctic Glacier make him an ideal candidate for this position. His experience in business development will be instrumental as we continue to pursue near term acquisition opportunities." In keeping with modern corporate governance practices to ensure
the independence of the Board and Management, Mr. Burrows has resigned
as a Trustee and a Director of Arctic Glacier. Mr. Burrows has been
a Trustee of the Fund since March 2002 and a Director of Arctic
Glacier Inc., the Fund's operating company, since 1996.
Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America under the brand name of Arctic Glacier® Premium Ice. Arctic Glacier operates 20 production plants and 35 distribution facilities across Canada and the central and northeastern United States servicing more than 40,000 retail accounts. Arctic Glacier Income Fund trust units are listed on the Toronto Stock Exchange under the trading symbol AG.UN. There are 18.31 million trust units outstanding. -- 30 --
Contact Information (Signed) On behalf of the Board of Trustees of Arctic
Glacier Income Fund, Robert Nagy, President & CEO. The Toronto Stock Exchange does not approve or disapprove of the adequacy or accuracy of this release.
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