TORONTO, ONTARIO — (Marketwire) — 04/19/12 — In preparation for the upcoming Annual and Special Meeting of Shareholders on April 30, 2012, EnerCare Inc. (TSX: ECI) (“EnerCare”) announces the release of its “Protect Your Nest Egg” investor brochure which can be found at:
In the brochure, EnerCare outlines key reasons why shareholders should vote their BLUE proxy to protect their monthly dividends and maximize the long-term value of their investment in EnerCare.
The brochure counters recent statements by Octavian Advisors, LP (“Octavian”), which is attempting to stack EnerCare–s Board of Directors with four of its own nominees to disrupt EnerCare–s business and, EnerCare believes, force a quick sale of the company.
The Board and management of EnerCare are supported by the leading independent proxy advisor Institutional Shareholder Services (ISS). ISS issued a report dated April 16, 2012, recommending that shareholders of EnerCare vote FOR management–s director nominees and AGAINST the resolution proposed by Octavian.
Other than an apparent narrow, short-term agenda of enrichment, Octavian has provided no plan to create lasting shareholder value. Shareholders should send them a clear message by voting the BLUE proxy.
EnerCare–s Board and management remain committed to continuing to build long term value for all shareholders.
PROTECT YOUR DIVIDEND – VOTE YOUR BLUE PROXY TODAY
For more information, please go to: .
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 shareholders, please visit . You can also find more information about EnerCare on SEDAR at , on our investor website at or on our rentals and sub-metering business website at .
Forward-looking Information
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 .
Contacts:
Media contact:
John Ratchford
Navigator Ltd.
416-640-1579