January 17, 2005

CNC Global Steps Into the Winner’s Circle

Toronto, Ontario – CNC Global has been named one of Canada's 50 Best Managed Companies in the well-known awards program sponsored by Deloitte, CIBC Commercial Banking, National Post and Queens School of Business.

CNC Global Limited: Top IT staffing company named one of Canada's 50 Best Managed Companies

This program recognizes successful Canadian companies with healthy financials and a track record of leveraging vision and innovation to create value in today's global economy. "It's gratifying to be listed among so many exceptional companies," said Lyle Kerr, CNC Global's chief executive officer. "This recognition belongs to everyone at CNC Global who has worked so hard over the past few years. As a result, we're back on top – a leader in the IT staffing industry with a future that's never looked brighter."

Terry Power, CNC Global's chief operating officer agreed. "Our people have made the difference. We've managed to harness their passion through strong leadership at all levels and a continued focus on the organization's core competencies. We believe that this will position us well for the opportunities that are opening up in our industry." "The strength of the 50 Best Managed program is in the rigour of the qualifying process," said James McSherry, Executive Vice-President and Managing Director, CIBC Commercial Banking. "CNC Global was selected only after participating in an extensive and rigorous due diligence process to identify and assess each company's management practices. It is absolutely the 50 Best Managed who make it onto the final list."

About CNC Global Limited With more than 200 employees, CNC Global specializes in sourcing IT professionals for full-time and contract positions and offers customized solutions for contractor administration, payroll administration, vendor management, recruitment advertising and HR communications. CNC Global has been recognized as Canada's Top Small- Medium Employer in 2004 in a joint study conducted by Hewitt Associates and Queens School of Business and is ranked 10 on Branham's list of Canada's Top IT Services Companies. CNC Global is majority owned by TorQuest Partners Inc.

About TorQuest Partners Inc.

TorQuest Partners Inc. is a Canadian-based manager of private equity funds. Its TorQuest Partners Value Fund, L.P., with a capitalization of over $180 million, is pursuing investments in middle and later stage companies. The fund's stated objective is to invest in meaningful positions in established businesses. TorQuest takes a leadership role in developing these businesses, helping to create and implement value-creation and growth strategies.

About Canada's 50 Best Managed Companies Canada's 50 Best Managed Companies (50 Best) is a national awards program that recognizes the 50 Best businesses from a wide range of industries that have implemented world-class best business practices.The program, established in 1993 and entering its 11th year, annually recognizes 50 well-managed Canadian companies that must complete an extensive and in-depth interview process to assess and examine its management practices. Canada's 50 Best managed Company program also recognizes Platinum Club companies who have qualified for the 50 Best Managed program for the past six consecutive years.

National sponsors of the program are Deloitte, CIBC Commercial Banking, National Post and Queen's School of Business. Information about Canada's 50 Best Managed Companies 2005 is available online at www.canadas50best.com.

Source: Canada NewsWire Portfolio E-Mail