TSX Symbol: SQP                                       For Immediate Release

Strongco Shareholders Approve Plan to Convert into Income Fund

 Mississauga, Ontario – April 28, 2005: Strongco Inc. ("Strongco") announced that at today's annual and special meeting of shareholders, Strongco's shareholders approved the plan of arrangement (the "Plan") pursuant to which Strongco will be converted into a new publicly traded income fund ("Strongco Income Fund") that will carry on the existing Strongco business.

Subject to the final approval of the Ontario Superior Court of Justice, it is anticipated that the Plan will be completed on or about May 6, 2005 . The units of Strongco Income Fund are expected to commence trading on the Toronto Stock Exchange under the symbol "SQP.UN" upon completion of the Plan but in any event no later than within two or three trading days thereafter.

Strongco is a full-line equipment sales and service company with operations from Alberta through Atlantic Canada. Its shares are listed on the Toronto Stock Exchange and its website can be accessed at www.strongco.com

For further information contact:

Len Phillips,
Vice President Administration and Corporate Secretary

Telephone No.: 905.565.3840

Email: lphillips@strongco.com