FOR: FIRSTSERVICE CORPORATION
Jay S. Hennick
President & CEO
Senior Vice President & CFO
President, Residential Property Mgt. (Florida)
FOR IMMEDIATE RELEASE
FIRSTSERVICE COMPLETES TWO ACQUISITIONS
TORONTO, Ontario, Canada, February 5, 2004 - FirstService Corporation (Nasdaq: FSRV; TSX: FSV) today
announced it completed two acquisitions adding approximately US$4 million in annual revenue to its rapidly
growing Residential Property Management division.
FirstService acquired Vista Properties, the leading provider of residential property management and real estate
brokerage services in Vero Beach, Florida. Vista manages 85 properties and more than 13,000 residential homes
including some of the highest profile residential communities in the rapidly growing central Florida market.
FirstService also acquired Wellington Management Services of Wellington, Florida, expanding the Company’s
presence in the greater Palm Beach / Boca Raton area. Wellington provides property management and real estate
brokerage services to 45 properties and 4,500 homes.
“We are very excited about our new partnership with FirstService,” said John Kurtz, CEO of Vista. “Being
partners with the leading player in our industry, allows us to deliver additional value to our clients. Participating
in national programs to purchase insurance, trash removal and other products and services will provide our
clients with money saving opportunities. Furthermore, the ability to offer services like landscaping and on-site
staffing will assist us in delivering more comprehensive management services and differentiating us from our
competition,” he concluded.
“Not only does the Vista and Wellington acquisitions strengthen our market leading position in the Florida
market, it adds to our position as the largest manager of residential communities in America. We now manage
2,200 properties in 14 U.S. States, including more than 420,000 homes, and we administer more than $900
million in service and product purchases annually on behalf of our clients," said Jay S. Hennick, President and
Chief Executive Officer of FirstService.
FirstService Corporation (www.firstservice.com) is a North American leader in the rapidly growing service
sector, providing services to commercial and residential customers in the following four areas: Residential
Property Management; Integrated Security Services; Consumer Services; and Business Services, including
customer support and fulfilment and business process outsourcing.
Certain statements included in this release constitute “forward-looking statements” within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements. Such factors
include, among others, the following: general economic and business conditions, which will, among other
things, impact demand for the Company’s services, service industry conditions and capacity; the ability of the
Company to implement its business strategy, including the Company’s ability to acquire suitable acquisition
candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses;
changes in or the failure to comply with government regulations (especially safety and environmental laws and
regulations); and other factors which are described in the Company’s filings with the Securities and Exchange
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