TWO SPECIALIZED ENGINEERING FIRMS JOIN GENIVAR

MONTREAL, Dec. 10 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR"), a leading Canadian Engineering Firm is pleased to announce the acquisitions of Aquapraxis Inc. ("Aquapraxis") and Hirschfield Williams Timmins Ltd. ("HWT"), two specialized engineering firms. HWT is a Victoria, British Columbia, based full service mechanical engineering firm specialized in building systems. Aquapraxis is a niche firm based in Laval, Québec, which offers recognized expertise in the areas of urban hydrology, urban networks and water resource management. These acquisitions add 27 people to the Fund.

"We are very pleased to welcome HWT and Aquapraxis within GENIVAR as they both fit very well in our development strategy" said Pierre Shoiry, President and CEO of GENIVAR. "HWT is the leading mechanical firm on Vancouver Island and completes our building engineering services group on the island while Aquapraxis reinforces our consulting services in urban hydrology and water resource management".

"This is very exciting for Aquapraxis, as we now have access to the full national and international network of GENIVAR. Joining GENIVAR gives us the opportunity to add additional depth to an already excellent team in the areas of urban hydrology and water resources" said Gilles Rivard, President of Aquapraxis.

For Mark Williams, President of HWT, "Joining GENIVAR is a logical step and a great fit, as our mechanical engineering services complement the structural and electrical services of GENIVAR on Vancouver Island. Furthermore, we will be better positioned to develop our services throughout British Columbia and Western Canada through the GENIVAR network."

About Aquapraxis Inc.
Aquapraxis Inc. was founded at the beginning of the new millennium to address needs in hydrology and hydraulics studies for environmental management of water resources and, more specifically, stormwater management in urban areas. Aquapraxis specializes in analyzing complex hydraulic problems and gives seminars on key topics relating to rainwater management. The firm also develops specific IT applications in line with its clients' needs. Aquapraxis' two founders, Gilles Rivard, Eng., M.Sc. and Pierre Dupuis, Eng., M.Sc., are recognized in consulting engineering and specific circles as experts in their respective fields. They have authored a large number of publications, including an excellent reference work on rainwater management in urban areas.

About HWT
Hirschfield Williams Timmins Ltd. is a Victoria-based full service mechanical engineering firm specializing in building systems. Through quality of service the firm has grown in size and depth to become the largest mechanical consulting office operated on Vancouver Island. HWT offers mechanical consulting services for universities, health care operators, schools, the recreation and hospitality industry, and institutional operators, including laboratories, clean rooms, airport facilities, boiler plants, light industrial, office, commercial and aquaculture facilities. A staff of twenty-three people, comprised of fifteen designers and eight technical support/administration provides a diverse group with deep experience and skills, with substantial experience in a wide variety of projects ranging from small renovations to major new facilities.

About GENIVAR
GENIVAR is a leading Canadian engineering services firm providing private and public-sector clients with a comprehensive range of professional consulting services throughout all project phases, including planning, design, construction and maintenance. Ranging in size and scope, GENIVAR's clients primarily operate in the building, industrial and energy, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest engineering services firms based on number of employees, with more than 4,500 managers, professionals, technicians and technologists and support staff in more than 85 locations in Canada and internationally.
www.genivar.com

For further information:

Pierre Shoiry
President and CEO
GENIVAR Income Fund
Tel.: [phone]

François Morton
Vice-President, British Columbia
GENIVAR Income Fund
Tel.: [phone]

Gilles Rivard
President
Aquapraxis Inc.
Tel.: [phone]

Mark Williams
President
Hirschfield Williams Timmins Ltd.
Tel.: [phone]