Drive Products Income Fund Announces January 2008 Cash Distributions

TORONTO, ONTARIO, Jan 15 (MARKET WIRE) --
Drive Products Income Fund (TSX: DPI.UN) today announced a cash
distribution of $0.04171 per unit for the month of January, 2008
(equivalent to $0.50052 per unit on an annualized basis). The
distribution is payable to unitholders of record on January 31, 2008 and
will be paid on February 15, 2008.

Unitholders who are non-residents of Canada will be required to pay all
withholding taxes payable in respect of any distributions by the Trust.

"It is disappointing that we are announcing the reduction in
distributions but Management and the Board of Trustees believe it to be a
responsible decision. Operating activity in our Western branches is not
expected to improve in 2008 and the Fund anticipates growth to be driven
by acquisitions and increased economic activity in Eastern Canada. As
such the revised distribution rate will provide additional cash flow to
fund acquisitions and increase the Fund's long term value for
unitholders," said Greg Edmonds, Chief Executive Officer. "The revised
monthly distribution level of $0.04171 per unit represents an annual
yield of 15.2% based on the January 11, 2008 closing price of $3.30. We
just recently announced the addition of the Docap line of products and
the acquisition of W.H. Green Specialties Inc. Acquisition activity has
increased in the current marketplace and given the current market
conditions, we are seeing acquisition opportunities at multiples not
normally available. The revised distribution rate will allow us to
capitalize on these opportunities as we believe this to be a more prudent
use of funds and will enhance long term unitholder value. Management
remains focused on our ongoing operations and will work diligently to
manage our inventory levels and operating costs."

About Drive Products Income Fund

Founded in 1983, Drive Products is a Canadian leader in the design and
installation of systems solutions that transform a conventional new truck
chassis into a specialized vehicle that meets a customer's technical and
performance requirements. To achieve this, Drive Products offers a wide
variety of products such as PTOs, hydraulic pumps, motors and coolers,
winches, cables and controls, drivelines, blowers and compressors, hoses
and fittings, custom consoles, snowplows, spreaders and electronic
spreader controls, from leading international manufacturers, in many
instances as the sole distributor in Canada.

The Fund was created on August 25, 2006 and the Fund's units trade on the
Toronto Stock Exchange under the symbol DPI.UN. Additional information on
Drive Products, can be viewed at www.driveproducts.com.

Forward Looking Statements

This press release contains forward-looking statements relating to
expected future events and financial and operating results of the Fund.
These statements involve risks and uncertainties. Actual results may
differ materially from those anticipated by such forward-looking
statements for a variety of reasons, including market and general
economic conditions and the risks and uncertainties detailed from time to
time in the Fund's continuous disclosure documents filed with the
Canadian securities regulatory authorities. The Fund disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, unless required by applicable law.

Contacts:
Drive Products Income Fund
Gregory Edmonds
Chief Executive Officer
(905) 564-5800
Website: www.driveproducts.com

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