Mr. Jeremy Rakusin reports

FIRSTSERVICE RESIDENTIAL FURTHER ENHANCES MARKET LEADERSHIP POSITION IN FLORIDA

FirstService Corp. has recently acquired a controlling interest in Rizzetta & Company. William Bill Rizzetta, founder and president, will retain a significant equity stake in the company and will continue to lead its operations. Terms of the transaction were not disclosed.

Based in Tampa, Fla., and founded in 1986, Rizzetta is a leading full-service provider of consulting and property management services to homeowner associations and community development districts (CDDs) through eight offices across Florida. A CDD is a special-purpose local government district created under Florida state legislation to efficiently manage the local urban infrastructure and specific development services of a new community. The CDD structure provides the ability to finance these developments through tax-free municipal bonds for the benefit of community residents. Rizzetta brings a particular expertise in district management services, which include assisting with community planning, bond issuance, administration, accounting, compliance and day-to-day operations.

"This is a key transaction which broadens our service offering and capabilities as the residential property management market leader in Florida," said David Diestel, chief executive officer of FirstService Residential. "CDDs require tailored expertise given their quasi-government nature and Rizzetta possesses these specific capabilities. We welcome Bill and his team and look forward to adding their strong experience and reputation in working with municipalities, developers and boards to deliver value to our clients and drive further growth in the Florida market," he concluded.

About FirstService Corp.

FirstService is a North American leader in the essential outsourced property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchise systems.

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