TRADING SYMBOL: The Toronto Stock Exchange - AW.UN VANCOUVER, Feb. 2 /CNW/ -A&W Food Services of Canada Inc. has achieved the prestigious Platinum status with Canada's 50 Best Managed Companies program, having been honoured with the Best Managed designation for six consecutive years. By re-qualifying as one of Canada's 50 Best Managed Companies in the highly regarded awards program sponsored by Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business, A&W shares Platinum Club member status with an elite group of outstanding Canadian companies. A&W's President and Chief Executive Officer, Paul Hollands, said, "We are very pleased to be recognized once again as one of Canada's 50 Best Managed companies. The commitment of our franchisees, their team members, and our corporate staff is at the core of A&W's success. To be recognized at the Platinum level is a particular honour. It recognizes the success that we have been able to create through our commitment to strategy, to building a powerful organizational Climate and through our commitment to delighting our customers." "To be accredited for six years as one of Canada's 50 Best Managed Companies is a remarkable achievement." said Calvin Younger, Senior Vice-President, CIBC Commercial Banking. "This award is a tribute to these companies' strong leadership, talented workforce and unsurpassed corporate values. They are models of success for companies striving to reach the highest standards." About Canada's Best Managed Companies Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business. For further information, visit www.canadas50best.com. A&W is 100% Canadian-owned and is one of the strongest brand names in the Canadian foodservice industry. Operating coast-to-coast with 695 locations, A&W restaurants feature famous trade-marked menu items such as The Burger Family®, Chubby Chicken®, and A&W Root Beer®.