Real Estate Council of BC Suspends Licence of Swiftsure Strata Services Inc.

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Vancouver, British Columbia — On February 16, 2007, pursuant to section 45 of the Real EstateServices Act, the Real Estate Council of British Columbia suspended the real estate licences of SwiftSure Strata Services Inc.located at #300-11575 Bridgeport Road, Richmond, B.C. and its related licensee, James Gilmore Ramsay, managing broker.

The Real Estate Council suspended these licences in the public interest as a result of the failure of SwiftSure Strata Property Services Inc. to properly account for trust monies it was holding on behalf of strata property clients. These suspensions remain in effect until further notice.

Inquiries from concerned clients of SwiftSure Strata Services Inc. should be directed to the RealEstate Council at 604-683-9664.

The Real Estate Council of British Columbia is a regulatory agency established by the provincial government. Its mandate is to protect the public interest by enforcing the licensing and licensee conduct requirements of the Real Estate Services Act. The Council is responsible for licensing individuals and brokerages engaged in real estate sales, rental and strata property management. The Council also enforces entry qualifications, investigates complaints against licensees and imposes disciplinary sanctions under the Act.