FSV FirstService Corporation

FirstService Corporation (TSX:FSV) (NASDAQ:FSV) today announced the appointment of Erin J. Wallace to its Board of Directors. Ms. Wallace's appointment expands the Board to seven directors, five of whom are independent directors.

Ms. Wallace brings diverse and relevant experience to FirstService, including a 30-year tenure as a senior executive at The Walt Disney Company where she held a variety of management positions in Walt Disney Parks and Resorts. Ms. Wallace's previous roles included full oversight of Walt Disney World Operations – the largest and most popular resort destination in the world encompassing four major theme parks, 20 resort hotels and 45,000 cast members. Ms. Wallace is currently the Chief Operating Officer of Learning Care Group, Inc., the second-largest for-profit early education and childcare provider in North America. She leads operations at more than 900 schools throughout Learning Care Group's portfolio of brands: Childtime, The Children's Courtyard, La Petite Academy, Montessori Unlimited and Tutor Time.

"We are delighted that Erin has joined the FirstService Board," said Jay Hennick, Chairman of the Board of Directors of FirstService. "I am confident that her insights derived from a broad and seasoned operating background, including in-depth expertise around guest experience and continuous innovation at Disney, will add valuable perspectives to our Board that will make an important and positive impact on our Company in the years to come."

About FirstService Corporation

FirstService Corporation is a North American leader in the 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 franchise systems and company-owned operations.

FirstService generates more than $1.1 billion in annual revenues and has more than 15,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Subordinate Voting Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV". 

For the latest news from FirstService Corporation, visit Firstservice.com.

Forward-looking Statements

Certain statements included in this release contain words such as "could", "expects", "expectations", "may", "anticipates", "believes", "intends", "estimates" and "plans" (and similar expressions) and constitute "forward-looking statements" within the meaning of applicable securities law. These statements are based on FirstService's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which FirstService and its subsidiaries operate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which are difficult to predict and may cause the actual results, performance or achievements of FirstService, or outcomes or results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions which will, among other things, impact demand for the FirstService's services, service industry conditions and capacity and the cost of providing services; the ability of FirstService to implement its business strategy, including FirstService's ability to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; changes in or the failure to comply with government regulations (especially safety and environmental laws and regulations); and other factors which are described in FirstService's filings with the U.S. Securities and Exchange Commission and Canadian regulatory authorities. These statements, although considered reasonable by FirstService at the date of this press release, may prove to be inaccurate and consequently FirstService's actual results could differ materially from its expectations as set out or implied in this release. Unless otherwise required by applicable securities laws, FirstService disclaims any intention or obligation to update or revise any forward-looking statements.

CONTACT: COMPANY CONTACT:
         
         Jeremy Rakusin
         Chief Financial Officer
         
         (416) 960-9500