Century II Holdings Inc. Reports Fiscal 2006 Second Quarter Results

TORONTO, Aug. 9 /CNW/ - Century II Holdings Inc. today announced its
consolidated financial results for the second quarter ended June 30, 2006. The
Company's operations principally reflect its investment in Information
Communication Services (ICS) Inc. (operating as ICS Courier).
The Company reported net earnings in the second quarter of 2006 of
$2.5 million ($0.22 per share) compared to $1.3 million ($0.11 per share) for
the same period last year. Net earnings for the six months ended June 30, 2006
are $5.2 million (or $0.46 per share) compared to $1.9 million (or $0.17 per
share) for the same period last year.
Commenting on the financial performance of the second quarter of 2006,
Mr. Geoff Davies, President and Chief Executive Officer of the Company, said
that "we now have a track record of six consecutive quarters of improved
financial results which indicates a positive trend in operating performance.
Continued improvements in service levels have supported our ability to retain
customers and continue our success in attracting new volumes. This is due to
outstanding performance by the ICS team."

About Century II Holdings Inc. (TSX Symbol: CH)
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Century II Holdings Inc. is a publicly listed holding company whose
wholly owned subsidiary, ICS Courier, operates a fixed route courier business
servicing in excess of 35,000 accounts largely in the insurance, financial,
travel, optical and dental business sectors across Canada.

Certain statements in this press release constitute forward-looking
statements. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance and achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, competition
and technological changes. These factors and other risks and uncertainties are
discussed in the Company's Annual Report for the year ended December 31, 2005
and in the subsequent reports filed by the Company with the Ontario Securities
Commission.
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