R.V. Anderson Associates Limited Maintains its Status as One of Canada’s Best Managed Companies

FOR IMMEDIATE RELEASE
R.V. Anderson Associates Limited Maintains its Status as One of Canada’s Best Managed Companies

Toronto, ON (February 16, 2010)- Last year, R.V. Anderson Associates Limited (RVA) was proud to announce that it was among the winners of the 2008 Canada’s 50 Best Managed Companies program. This year, the company is pleased to announce that it has been named a Requalified Member for 2009. Requalified Members retain the Best Managed designation for two additional years, subject to an annual operational and financial review

“We believe that there are three vital building blocks to sustainable growth: strategy, capability, and commitment, R.V. Anderson has demonstrated it is a model of success in all three areas and is duly awarded as one of Canada’s Best Managed companies.” explained John Hughes, Partner, Private Company Services group with Deloitte, a national sponsor of the Best Managed program.”.

The firm has undergone some changes in the last year, including implementation of strategies to mitigate the effects of economic uncertainties predicted in early 2009, as well as consolidation of the firm’s “divisional brands” (Dennis Consultants of Sudbury, Ontario; Touchie Engineering of Moncton, New Brunswick; and Hydro-Com Technologies of Fredericton, New Brunswick) under the R.V. Anderson name.

These positive changes have allowed the company to build on our “culture of ownership” philosophy for continued investments in ownership of the company and to achieve the firm’s performance management targets.

"This past year has been about renewed commitment to our core business strategies, with some areas of increased emphasis, to ensure sustainability in our company for the services provided to clients,” says Ken Morrison, RVA's president. "We are proud to maintain our status as one of Canada's Best Managed Companies in 2009."

About Canada’s Best Managed Companies.

Celebrating its 17th anniversary, Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years.) Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business.

For further information, visit www.canadas50best.com.