Vancouver, B.C. - The Aquilini Investment Group owned by Francesco, Roberto and Paolo Aquilini, have entered into an agreement to purchase the remaining 50 percent share of the Vancouver Canucks and General Motors Place that is owned by John E. McCaw Jr.. The Aquilini Investment Group will own 100 percent of the Canucks and General Motors Place.

"Today's announcement is exciting for our family and we are proud that we will be the 100 percent owners of this great franchise and world class facility," said Francesco Aquilini, a Managing Director, Aquilini Investment Group. "We would like to thank John McCaw for his tremendous efforts as owner of the club since 1994. He has shown great commitment to this city and to this team. The business of hockey in Vancouver is very strong now and John McCaw deserves credit for that."

"I thank the outstanding fans of the Canucks in Vancouver and throughout British Columbia for their passion and their support for the team, " said John E. McCaw Jr. "Owning the Canucks has been an honour and I am proud of the work the organization has done in Vancouver over the years. I am confident that the business is in a very strong position moving forward. The Aquilini family is committed to making the Canucks the best organization in the NHL. I know I am leaving the team in good hands."

The Aquilini Investment Group originally purchased 50 percent of the Canucks and General Motors Place on November 16, 2004. Formal League approval took place on March 9, 2005. The transaction between the Aquilini Investment Group and McCaw is expected to close early in 2007. The sale is subject to NHL approval.

The Aquilini Investment Group is a multifaceted family business, which was founded by Mr. Luigi Aquilini, almost 50 years ago. Aquilini Investment Group has built a successful private family business with real estate holdings and operating entities located in almost all major cities across Canada.

Aquilini Investment Group's Head Office is in Vancouver, B.C.