Two companies from Manitoba – Brandon-based Genesis Hospitality Inc. and GHY International based out of Winnipeg – are being recognized among Canada’s 50 Best Managed Companies of 2008.

The winners of the 2008 Canada’s 50 Best Managed Companies Award continue to raise the bar for Canadian business.  This year’s winners generated $6.4 billion in combined revenue, had an average revenue increase of 43% (2006-2009) and employ over 28,000 in Canada. The 50 Best Managed companies, in eight provinces and across a significant number of industries, have shown the ability to maintain sustainable growth amid volatile economic conditions.

“These companies are successful today because of their commitment to strong planning, understanding the market and adapting to their customers’ needs,” says ,” says Richard Soenen, Deloitte partner and Manitoba regional leader of the Best Managed program. “Even two years ago, these companies were building contingency plans in the event of economic softness.”

These companies have demonstrated the ability to overcome a diverse range of challenges and maintain growth despite difficult market conditions.

“Companies are always judged by profitability, as they should be,” notes Soenen. “But Best Managed companies like Genesis Hospitality Inc. and GHY International have been singled out for qualities that promise long term growth. They’ve made rigorous investments in their own potential.”

2008 Best Managed Winners in Manitoba

Company City Province Industry
Genesis Hospitality Inc. Brandon MB Accommodation and Food Services
GHY International Winnipeg MB Transportation and Warehousing

2008 Best Managed winners, Platinum Club members, and Requalified members will be honoured at the Best Managed 16th annual, invitation-only Symposium and Gala on February 9, 2009 in Toronto. For the complete listing of Canada’s 50 Best Managed Companies, please go to www.deloitte/FABRICE please insert url/50Best.com.

About Canada’s Best Managed Companies
Canada’s 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year, since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen’s School of Business. For further information, visit www.canadas50best.com

Contact:                                                                                      
Maciek Jaworski, Venture Communications               
403-237-2388 x.284, [email protected]        
Fabrice de Dongo, Deloitte
416-874-3249, [email protected]