TORONTO, ONTARIO–(Marketwire – April 25, 2012) – EnerCare Inc. ("EnerCare") (TSX:ECI) today urged shareholders to reject the self-serving proposals of Octavian Advisors, LP by voting their BLUE proxies before the 10 a.m. April 26, 2012 deadline to vote proxies for the April 30, 2012 Annual and Special Meeting of shareholders.
"This is an extremely important vote for EnerCare and it is vital that all shareholders vote their BLUE proxies to reject Octavian's schemes," said Jim Pantelidis, Chair of the EnerCare Board of Directors. "Only by making this choice will shareholders ensure that their company will be managed for the benefit of all EnerCare shareholders."
Proxies must be received before 10:00 a.m. (Toronto time) on Thursday, April 26, 2012.
Shareholders who have any questions on how to vote should call Kingsdale Shareholder Services toll-free at 1-888-518-6813 or call collect at 416-867-2272 for assistance in voting the BLUE proxy.
PROTECT YOUR DIVIDEND – VOTE YOUR BLUE PROXY TODAY
Shareholders should call Kingsdale Shareholder Services toll-free at 1-888-518-6813 or call collect at 416-867-2272 for assistance in voting the BLUE proxy.
For more information, please go to: www.ProtectEnerCare.com.
About EnerCare Inc.
EnerCare owns a portfolio of approximately 1.2 million installed water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns EnerCare Connections Inc., a leading sub-metering company, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada.
For more information about the upcoming April 30 Annual and Special Meeting of share holders, please visit www.protectenercare.com. You can also find more information about EnerCare on SEDAR at www.sedar.com, on our investor website at www.enercareinc.com or on our rentals and sub-metering business website at www.enercare.ca.
This news release contains certain forward-looking statements that involve various risks and uncertainties. The forward-looking information in this news release includes statements that reflect management's expectation regarding EnerCare's growth, results of operations, performance, business prospects and opportunities. Such forward-looking information reflects management's current beliefs and is based on information available to them and/or assumptions management believes are reasonable. Many factors could cause results to differ materially from the results discussed in the forward-looking information. Although the forward-looking information is based on what management believes to be reasonable assumptions, EnerCare cannot assure investors that actual results will be consistent with this forward-looking information. All forward-looking information in this news release is made as of the date hereof. Except as required by applicable securities laws, EnerCare does not intend and does not assume any obligations to update or revise the forward-looking information, whether as a result of new information, future events or otherwise. A thorough discussion in respect of the material risks relating to the business and structure of EnerCare can be found in its current Annual Information Form, which is available on SEDAR at www.sedar.com.
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