July 29, 2015

El Nino Holdings Ltd/Mario's Towing Ltd. receives additional funding from SIDIT

Mario's Towing Ltd. relocated operations 18 years ago from Prince Rupert, BC to Kelowna, BC and has since expanded to West Kelowna, Merritt, Hope and now Princeton. A family owned company, Mario started in this business in 1985 with one truck. Today, they have a fleet of 60+ trucks and 66 employees across all operations, and have fostered a well-earned, exemplary reputation in the municipalities in which they operate. The company will use additional SIDIT funds to expand to Princeton which is meant to augment existing operations in Hope and Merritt. The property is ideally suited to towing operations with an existing building, auto hoists, apartment for an onsite manager and a large bare land component for vehicle storage. SIDIT funds will support sustainable business development and trades jobs in Hope, Merritt, Princeton and Kelowna.

"The continued growth of Mario's Towing Ltd. has led to the creation of permanent full time jobs throughout the Southern Interior.," states Grace McGregor, SIDIT Chair. "We are proud to support a company that will have long lasting and measureable benefits to the Southern Interior."

Mario Moretto, President, Mario's Towing Ltd. says, "We are grateful to SIDIT for their confidence in the growth of our family business in the Southern Interior."

For more information contact:

Mario Morretto, President
Mario's Towing Ltd.

About the Southern Interior Development Initiative Trust
The Southern Interior Development Initiative Trust was created by an Act of the BC Legislature in 2006. SIDIT received a one-time allocation of $50 million designated for strategic investments in sustainable economic development initiatives throughout the southern interior of British Columbia. The Southern Interior Development Initiative Trust Act mandates investment in ten areas of the economy. These areas include Energy, Forestry, Mining, Olympic Opportunities, Agriculture, Transportation, Small Business, Tourism, Pine Beetle Recovery, and Economic Development. SIDIT is managed by an independent Board of Directors comprised of thirteen members - eight elected officials and five provincial appointees from the SIDIT Region. SIDIT is focused on supporting economic development initiatives that will demonstrate long term measurable economic impact within the Southern Interior.

A full overview of SIDIT can be found at www.sidit-bc.ca
For further information contact:
Luanne Chore, CEO
Southern Interior Development Initiative Trust

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