Winnipeg, Manitoba, Canada − June 16, 2008
(TSX:NFI.UN) New Flyer Industries Inc. (“New Flyer”), the leading manufacturer of heavy-duty transit vehicles in Canada and the United States, has been recognized for its outstanding contributions to the advancement and integration of new Canadian youth within the Manitoba workforce. At a ceremony in Winnipeg on June 12, 2008 celebrating excellence in workplace integration, New Flyer was presented an award by the Employment Solutions for Immigrant Youth (ESIY) for its employment initiatives.
“With the current challenges we face in availability of qualified employees, it is critical that we embrace newcomers to Manitoba and allow them to demonstrate their skill sets,” said Janice Harper, Director of Human Resources at New Flyer. “These talented young people bring different experience and perspective that can enrich our overall employee base. In addition, this initiative reinforces our commitment to sustainability by allowing us to contribute to our local communities.”
The four-year-old ESIY provides preparedness training for immigrants under 30 years of age who are planning to enter the Manitoba workforce. Eighty-eight percent of the 250 people who participate in the ESIY program annually find work with the assistance of the program.
Since 2004, New Flyer has successfully integrated 50 new Canadians into its Winnipeg-based workforce, providing internship, permanent or term opportunities for new immigrants to pursue careers in their chosen fields. Placements have occurred in engineering, human resources, sales and marketing and finance. New Flyer has provided training and assistance through work experience and internship opportunities enabling immigrant youth to better understand the Manitoba workplace and career opportunities.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in the United States and Canada. The Company’s three facilities -- in Winnipeg, MB, St. Cloud, MN and Crookston, MN -- are all ISO 9001, ISO 14001 and OHSAS 18001 certified. With a skilled workforce of approximately 2300 employees, New Flyer is a technology leader, offering the broadest product line in the industry, including drive systems powered by clean diesel, LNG, CNG, hydrogen fuel cell and electric trolley as well as energy-efficient gasoline-electric and diesel-electric hybrid vehicles. All products are supported with an industry-leading, comprehensive parts and service network. New Flyer’s Income Deposit Securities are traded on the Toronto Stock Exchange under the symbol NFI.UN. Further information is available on Company’s web site at www.newflyer.com.
This press release may contain forward-looking statements relating to expected future events and financial and operating results of New Flyer and New Flyer Industries Canada ULC (“NFI ULC”) that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, New Flyer and NFI ULC disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For further information, please contact:
New Flyer Industries Inc.
Glenn Asham, Chief Financial Officer