Young Alberta Entrepreneur Wins National Best Business Award from the Canadian Youth Business Foundation

TORONTO - Colin Davison had a dream to open his own business and with financial and mentoring assistance from the Canadian Youth Business Foundation (CYBF), his dream became reality. Now, two years later, Davison and his Calgary-based business, Stealth Acoustical & Emission Control Inc., has been named CYBF's 2008 National Best Business Award Winner, coupled with a $20,000(*) grant for business expansion.

The Canadian Youth Business Foundation (CYBF) honoured Davison and seven other Canadian entrepreneurs and an outstanding mentor and community partner at their annual CYBF Chairman's Awards Gala last night in Toronto, presented by Bayview Residences of Victoria, B.C and national media sponsor, the National Post.

"Canada's youth are the drivers of our economic future," says CYBF CEO, Vivian Prokop. "By helping them get started and mentoring them during the challenging two year start-up period, we are making dreams become reality. Colin is a great example of that and we are proud to honour his accomplishments."

Along with the young entrepreneurs, their mentors and the community partners who guide their way, CYBF honoured two internationally-renowned business leaders - Mr. Michael Lee-Chin, Chairman, Portland Holdings Inc. and Mr. Serge Godin, Founder and Executive Chairman, CGI Group Inc. Both received the 2008 CYBF Lifetime Achievement Award for their outstanding contributions to Canada's entrepreneurial spirit.

Also in attendance at the Gala was Clive Beddoe, Executive Chairman and Co-Founder of WestJet, and CYBF mentor champion. At the Gala, CYBF announced a new fundraising partnership with WestJet, where any WestJet flight booked through a link on www.cybf.ca will see two per cent of the ticket price going back to CYBF to fund programming for Canada's aspiring young entrepreneurs.

The Canadian Youth Business Foundation (CYBF) is a national charity that provides youth, age 18-34, who have a great business idea but are unable to access funds through other traditional sources, with the start-up financing, mentoring and business resources to create their own successful business. Lending based on character not collateral, CYBF's mandate is to keep entrepreneurship alive and well to create economic prosperity in communities across Canada.

Since founded in 1996, CYBF has invested in more than 2,400 young entrepreneurs, whose businesses have generated more than $267 million in sales revenue, $63 million in tax revenue, $29 million in export revenue, and created more than 13,000 new jobs. Through CYBF's national framework of community partners we are able to deliver our program to more than 1,300 communities across Canada. CYBF is an accredited member of Youth Business International, a global network of business start-up organizations. CYBF is headquartered in Toronto, Ontario, with offices across Canada. Information about CYBF is available at www.cybf.ca.

For more information about Stealth Acoustical & Emission Control Inc. and other regional winners, please visit www.stealthacoustical.com and www.cybf.ca respectively.