Homburg Canada Incorporated and private Homburg Group companies not involved in HII application under CCAA

Not for release, distribution or publication, in whole or in part, in the United States, Japan or Australia

HALIFAX, Sept. 12, 2011 /CNW/ - Homburg Canada Incorporated ("Homburg Canada") CEO Jamie Wentzell announced today that Homburg Canada and the other privately owned Homburg Group of companies including Homburg Insurance Company Limited ("Homburg Insurance") are entirely separate and distinct entities from Homburg Invest Inc. ('HII") and do not share management, business operations or personnel with HII.  None of these companies are petitioners in the recent application of HII under the Companies' Creditors Arrangement Act ("CCAA") which affects Homburg Canada only to the extent that it is a creditor of HII.  As well, it is noted that the Richard Homburg, director of Homburg Canada, has ceased as of March 22, 2011, to be a director and officer of HII and has had no managerial function since then.

Mr. Wentzell recognizes that recent events may have caused some confusion but wishes to address those concerns.  He states - "I wish to clarify that neither Homburg Canada nor any of the private Homburg Group of companies including Homburg Insurance had any involvement in the HII application under the CCAA.  They are all entirely separate and independent businesses and I wish to assure all of our customers and suppliers that business continues as usual".

About Homburg Canada

Homburg Canada is a private real estate investment and management company based in Nova Scotia, Canada.  Homburg Canada is a wholly owned subsidiary of the Homburg Group, which is controlled by Richard Homburg.

This announcement does not constitute an offer to purchase any securities, nor a solicitation of any offer, proxy, consent or authorization to buy or subscribe for any securities of HII or any other securities, nor shall it (or any part of it) form the basis of, or be relied upon in connection with, any contract therefore. This announcement may not be released, published, distributed or otherwise sent, in whole or in part, in or into the United States of America, Japan or Australia.

SOURCE HOMBURG CANADA INCORPORATED

For further information:

Mr. Jamie Wentzell
902-468-3395

Profil de l'entreprise

HOMBURG CANADA INCORPORATED

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