EX-99.2.2 3 t15518exv99w2w2.htm EX-99.2.2 exv99w2w2
 

News Announcement

     
CONTACT:
   
Richard E. Gaetz, President/CEO
  Robert L. Rinderman
Sean Washchuk, VP Finance/CFO
  Purdy Tran
Vitran Corporation Inc
  Jaffoni & Collins Incorporated
416/596-7664
  212/835-8500 or VVN@jcir.com

FOR IMMEDIATE RELEASE

VITRAN TO REPURCHASE UP TO 5% OF ITS OUTSTANDING SHARES

TORONTO, ONTARIO (February 8, 2005) — Vitran Corporation Inc. (AMX: VVN, TSX: VTN), a North American transportation and logistics firm, today announced its intention to commence a normal course issuer bid to acquire up to 620,984 shares (approximately 5%) of its outstanding common shares by way of open market purchases through the facilities of, and in accordance with, the Rules and Policies of the Toronto Stock Exchange. The Shares will be repurchased for cancellation.

The bid will commence on February 9, 2005 and end February 8, 2006. As at February 2, 2005, Vitran had 12,419,678 common shares outstanding. Vitran’s management believes such purchases to be a prudent use of funds.

About Vitran Corporation Inc.
Vitran Corporation Inc. is a North American group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services. To find out more about Vitran Corporation Inc. (AMX:VVN, TSX:VTN), visit the website at www.vitran.com.

Statements in the press release regarding management’s future expectation, beliefs, goals, plans, or prospects constitute forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. For this purpose, any statements that are contained herein that are not statements or historical fact may be deemed to be forward-looking statements made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Without limiting the foregoing, the words “believes”, “anticipates”, “plans” “intends”, “will”, “should”, “expects”, “projects”, and similar expressions are intended to identify forward-looking statements. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual result, future circumstances or events to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, economic factors, demand for the Company’s services, fuel price fluctuations, the availability of employee drivers and independent contractors, risks associated with geographic expansion, capital requirements, claims exposure and insurance costs, competition, government regulation changes, environmental hazards and other risks detailed from time-to-time in the Company’s public disclosure documents or other filing with the Canadian and United States securities commissions or other securities regulatory bodies. The forward-looking statements are made as of the date hereof, and the Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

# # #