PowerStream Employees' Cycling Helps Raise $80,000

VAUGHAN, ON--(Marketwired - June 15, 2015) - Over the months of May and June, 155 PowerStream employees participated in various community cycling events, raising $80,000 in support of two charitable organizations -- Heart and Stroke Foundation and the Princess Margaret Cancer Centre.

Five employee teams, each comprised of 29 members, pedaled in several Heart and Stroke Big Bike events held over the month of May in Vaughan, Barrie and Markham. In total, the PowerStream Big Bike teams raised $28,000 for the Heart and Stroke Foundation through donations, raffles, carwashes and employee barbeques.

To conclude this year's series of biking initiatives, 12 PowerStream employees cycled for two days in the annual Ride to Conquer Cancer this past weekend, travelling more than 200 kilometers between Toronto and Niagara Falls. Together, the PowerStream team contributed $51,818 to the $19 million total that 4,853 riders raised in support of Princess Margaret Cancer Centre.

QUOTES

• "At PowerStream, we proudly recognize the importance of giving back. Motivated by the spirit of generosity, our employees embraced many opportunities to support the Heart and Stroke Foundation and the Princess Margaret Cancer Centre," said Maurizio Bevilacqua, PowerStream Board Chair and City of Vaughan Mayor. "As an organization, we continue to experience success in business, but what gives meaning to what we do, is sharing these blessings with the wider community, and our employees truly understand this."

• "We are proud of our employees who continue to participate in a host of fundraising initiatives for deserving causes," said Brian Bentz, PowerStream's President and CEO, who was among the 12 PowerStream employees who cycled in this year's Ride to Conquer Cancer. "The efforts put forward to support these organizations on an ongoing basis, reflect the quality of our employees, our company values and our commitment to being a socially responsible corporate citizen."

BACKGROUND

• PowerStream has been participating in Heart and Stroke Foundation's Big Bike events annually since 2008 and in Princess Margaret Cancer Centre's Ride to Conquer Cancer since 2009.

• To date, PowerStream employees have raised over $346,000 in support of cancer research through employee participation in the Princess Margaret Cancer Centre's Annual Ride to Conquer Cancer.

ABOUT POWERSTREAM

PowerStream is a community-owned energy company providing power and related services to more than 375,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. It is jointly owned by the Cities of Barrie, Markham and Vaughan.

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