TSX Symbol: SQP                                       For Immediate Release

Strongco Completes Plan of Arrangement

Mississauga, Ontario – May 6th, 2005: Strongco Inc. ("Strongco") announced today the completion of its plan of arrangement (the "Plan") which provides for the conversion of Strongco into a new publicly traded income fund ("Strongco Income Fund") that will carry on the existing Strongco business.

The Plan, which was approved by shareholders on April 28th, 2005, has received the necessary court and regulatory approvals.

Units of Strongco Income Fund are expected to commence trading on the Toronto Stock Exchange under the symbol "SQP.UN" on or about May 10th, 2005.

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