Calloway Real Estate Investment Trust Announces Redemption of 5.75% Convertible

May 27, 2015

Calloway Real Estate Investment Trust today announced that it is issuing a notice of redemption to holders of
its 5.75% convertible unsecured subordinated debentures due June 30,
2017 (the “Debentures“), representing a redemption in
full of all of the currently outstanding 5.75% Convertible Debentures.
The Debentures will be redeemed on June 30, 2015 (the “Redemption Date“),
in accordance with their terms, at a total redemption price of $1,000
plus accrued and unpaid interest of $28.75 up to but excluding the
Redemption Date, both per $1,000 principal amount. Calloway intends to
use cash on hand to pay the redemption price and accrued and unpaid
interest to the extent that there are any unconverted Debentures
outstanding on the Redemption Date. As at the close of trading on May
26, 2015, the aggregate principal amount of the Debentures outstanding
was $55,579,000.

Pursuant to the terms of the trust indenture and the supplemental trust

indenture governing the Debentures (collectively, the “Trust Indenture“),
holders of the Debentures have the right until 5:00 p.m. on the last
business day prior to the Redemption Date to convert their Debentures
into Units of Calloway (“Units“) in accordance with the
Trust Indenture, at a conversion price of $25.75 per Unit, being a rate
of approximately 38.84 Units per $1,000 principal amount of Debentures.

About Calloway

is one of Canada’s largest real estate investment trusts with an
enterprise value of approximately $7 billion. It owns and manages
approximately 27 million square feet in 121 value-oriented principally
Walmart anchored retail centres having the strongest national and
regional retailers, as well as strong neighbourhood merchants. In
addition, Calloway is a joint-venture partner in the Toronto and
Montreal Premium Outlets. Calloway’s vision is to provide a
value-oriented shopping experience to Canadian consumers. For more
information on Calloway, visit

Contact Information

For more information, please contact:

Peter Sweeney
Chief Financial Officer
Calloway Real Estate Investment Trust
(905) 326-6400 ext. 7865



Unisync Concludes Air Canada Multi-Year Contract

May 27, 2015

Unisync Group is pleased to announce that its wholly owned
subsidiary, Unisync Group Limited, has concluded a multi-year agreement
with Air Canada to provide uniforms to its 28,000+ employees,
domestically and abroad. The contract includes employees of Air Canada,
Air Canada rouge®, and Air Canada’s regional partners operating under the Air Canada Express®
brand. Air Canada, together with its leisure airline subsidiary and
regional airline partners, is expected to become one of Unisync’s
largest customers.

As indicated in our April 8, 2015 news release,
the transitioning of existing product and historical data from the
previous provider, the establishment of three boutiques in Canada to
service employees, and the launch of an enhanced web-based ordering
system has been completed. Unisync is now well into the process of
distributing transitioned and manufactured product to the vast employee
network of Air Canada.

Unisync Group President, Carmin Garofalo,
commented, “The long term nature of our agreement is representative of
Air Canada’s confidence level in our ability to provide unparalleled
services. We are very proud of what we have accomplished working with
the Air Canada team. The result is an innovative and cutting edge
fulfillment process that is specifically geared towards Air Canada and
unlike any other in the airline industry.”

About Unisync

operates through two business segments: Unisync Group Limited of
Mississauga, Ontario and Peerless Garments LP of Winnipeg, Manitoba.
Unisync Group is a leading customer-focused provider of corporate
apparel, serving a list of leading Canadian iconic brands in a variety
of industries. Peerless Garments specializes in the production and
distribution of highly technical protective garments, military
operational clothing and accessories for a broad spectrum of Federal,
Provincial and Municipal government departments and agencies such as the
Armed Forces and the RCMP.

Unisync’s goal is to make the process
of ordering, receiving and wearing of apparel, related accessories and
duty gear, a pleasant experience. Unisync is a vertically integrated and
proudly Canadian enterprise with exceptional capabilities in garment
design, domestic manufacturing and off-shore outsourcing, combined with
state-of-the-art web based B2B ordering, distribution and program
management systems.

For more information on our capabilities, products and services please visit our website at


Douglas F. Good
Chief Executive Officer

Contact Information

Investor relations contact:
Douglas F. Good
Tel: 778-370-1725


Waterloo Region Walk for Muscular Dystrophy

May 27, 2015

On Saturday, June 13th, Waterloo Region will be coming together to make muscles move
in an effort to fight against muscular dystrophy. The community will be
supporting thousands people who are living with a neuromuscular
disorder in Canada at the annual Waterloo Region Walk for Muscular Dystrophy.

Serving as the 2015 Waterloo Region Walk Ambassador, Jason
Tomesch truly believes in the power of this event. “Through our on going
participation in the Waterloo Region Walk, we have built a strong
network of supporters. It is a great way to spend a day outside with
friends and family, joining together toward a common goal of finding a
cure for muscular dystrophy. ”

Muscular dystrophy is a group of progressive muscle disorders
that weaken the muscles that control body movement. These effects can
be devastating and over time, many people with neuromuscular disorders
are unable to walk, speak or ultimately breathe. For some, the disorder
is fatal.

The Walk for Muscular Dystrophy
is “an opportunity for the community to come together and support those
affected by neuromuscular disorders at the local level,” describes
Stacey Lintern, Muscular Dystrophy Canada Ontario Executive Director.
This family-friendly, fully accessible event will include refreshments,
prizes and activities for children.

Muscular Dystrophy Canada receives almost no government
funding and relies on community events and the generosity of its donors.
Proceeds from the event support various programs including funding
equipment, assistive living devices, support services and fund research
to one day find a cure.

The fun will be taking place on Saturday, June 13th at Waterloo Park in Waterloo. Participant registration begins at 10:00 am and the walk, wheel and roll will begin at 11:00 am.

To take part in the Waterloo Region Walk for Muscular Dystrophy or for more information, please visit

Contact Information

Kerri Stocks
Revenue Development Manager, Ontario / National
Muscular Dystrophy Canada
1.877.850.8720 ext.1301


Cypress Development Corp.: Directors Re-Elected at AGM

May 27, 2015

Cypress Development Corp.  is pleased to announce that it held its annual general meeting on May 26, 2015. The Company reports that Donald C. Huston, James Pettit, Donald G. Myers and Amanda Chow were re-elected directors of the Company. In addition, disinterested shareholders approved the repricing of options to insiders from an exercise price of $0.50 per share to the current market price of $0.08 per share. Shareholders also re-appointed Davidson & Company, Chartered Accountants, as auditors and approved the renewal of the Company’s Incentive Stock Option Plan.

About Cypress Development Corp.:

Cypress Development Corp. is a diversified precious and base
metals exploration and development company with projects in Red Lake,
Ontario, Canada, and in Nevada and Oregon, U.S.A. The Company has
approx. 15 million share outstanding.

To find out more about Cypress Development Corp. visit our website at


Donald C. Huston, President

Contact Information