ABOUT RICHARDSON CAPITAL

Richardson Capital is the private equity division of Richardson Financial Group (RFG). We are a dedicated team of investment professionals partnering our capital and expertise with that of Canadian entrepreneurs, managers and families to transition and develop growing businesses.

RFG is part of the James Richardson & Sons, Limited (JRSL) group of companies. Founded in 1857, JRSL is one of Canada's oldest and largest private family-owned companies and is now in its 5th generation of family ownership. Its activities have spanned many of the industries instrumental to Canada's growth including agriculture, shipping, broadcasting, aviation, financial services and energy exploration and development. Today, JRSL is comprised of four core operating divisions, namely agriculture, oil and gas exploration, financial services and property management, in addition to a large portfolio of private and public market investments. For more details on JRSL, please visit www.jrsl.ca.

Our investment philosophy and partnership approach to building long term value remains a cornerstone for the Firm. JRSL has extensive experience as a private equity partner and is a highly successful lead investor of expansion capital for a number of Canadian growth companies in such diverse sectors as medical devices, biotechnology, aerospace, railway infrastructure, telecommunications and alternative energy. This is the same approach we bring to Richardson Capital. Hartley Richardson, President & Chief Executive Officer of JRSL, is a key member of our management team along with other highly experienced individuals who have worked with Hartley and the Richardson family for decades.

In addition to their extensive financial, transactional and capital markets expertise, the principals of Richardson Capital bring considerable experience as builders and operators of businesses in a broad range of industry sectors. As a result, we are uniquely positioned to assist and support strong Canadian companies in need of capital to expand or to transition ownership.

We are much more than a capital provider. We seek out strong management teams to invest in and support their vision to build strong companies. We bring a depth of wisdom and guidance that comes from having managed many of the challenges of growth, development and transition that confront today's entrepreneurs and managers. We deliver extensive networks of relationships that open new avenues for strategic partners, potential customers, management support, acquisitions and financing, in addition to learning acquired from 150 years in business managing inter-generational ownership transfers, corporate governance, economic cycles, investment decision-making and strategic planning. Visit what we bring for more details on what differentiates us from other capital providers.

In June of 2004, Richardson Capital closed its first private equity fund with total commitments of $325 million and in December of 2006, Richardson Capital closed its second private equity fund with total commitments of $500 million.

Commitments for both funds come from prominent Canadian and American institutional investors, high net worth individuals, members of our CEO Council and of our management team, including JRSL who is our lead investor.

For additional information please contact:

Dave Brown, President and CEO
dave.brown@richardsoncapital.com
204-953-7916