WesternOne Inc.'s Modular Building Division Britco and Lax Kw'alaams Sign Partnership

VANCOUVER, May 7, 2013 /PRNewswire/ - WesternOne Inc. (TSX: WEQ, WEQ.DB, WEQ.DB.B, WEQ.DB.C) today announced that its modular building division Britco has signed a memorandum of understanding with the Lax Kw'alaams Band to establish a modular building rental business.

The focus of this innovative partnership will be to lease and sell modular buildings within a territory that stretches from Prince Rupert to Terrace and north to Stewart.

"Britco has been investing in people in British Columbia for over 36 years and they are very clearly focused on generating meaningful, long‐term partnerships," stated Lax Kw'alaams Mayor, Garry Reece. There will be an office established in Prince Rupert with a member of Lax Kw'alaams employed by Britco to develop business opportunities in the region. This will provide a long term career management opportunity in sales and marketing for the Lax Kw'alaams individual who will receive significant training and support from Britco.

"We are very excited about the potential of our partnership with Lax Kw'alaams and we are looking forward to building opportunities with the Lax Kw'alaams in this region," said Mike Ridley, President of Britco.

The memorandum of understanding was signed by Lax Kw'alaams Mayor Garry Reece and Britco President Mike Ridley in Prince Rupert, B.C.

About Lax Kw'alaams Band

The Coast Tsimshian village of Lax Kw'alaams is located north of Prince Rupert on the northwestern coast of British Columbia.

Lax Kw'alaams owns and operates a number of businesses including Lax Kw'alaams Fishery and Coast Tsimshian Resources. Lax Kw'alaams Fishery is the leading canned food producer in the region. The plant has overseas customers in China and the United States of America and products from this cannery are sold under several brands. Lax Kw'alaams Fishery is 100% owned by the Lax Kw'alaams Band. Coast Tsimshian Resources holds 3 forest tenures in Northwestern BC.

Additional information about Lax Kw'alaams is available at www.laxkwalaams.ca.

About Britco

With over 1,000 employees in Australia, Canada, and the United States, Britco is one of the largest modular construction companies in the industry.

Britco provides temporary and permanent residential and commercial modular buildings and offers, not only leading design-build capabilities but also turn-key construction project management services for a wide range of customers in the infrastructure, construction, energy and resource sectors. Britco also has one of the largest lease fleets of office complexes, construction site offices, sales centres and storage containers in British Columbia. Britco is headquartered in Langley, British Columbia.

Additional information about Britco is available at www.britco.com or www.weq.ca.

About WesternOne

WesternOne Inc. seeks to acquire and grow businesses in the construction and infrastructure services sector in order to generate stable and growing dividends to its shareholders and to achieve capital appreciation.

Additional information about WesternOne Inc. is available at www.weq.ca or www.sedar.com.

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SOURCE WesternOne Inc.