Clarke Inc. announces increased investment in Cordy Oilfield Services Inc.



    TSX: CKI; CKI.DB; CKI.DB.A

    HALIFAX, Sept. 17 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 4,069,500 shares of Cordy Oilfield Services Inc. ("Cordy") bringing
its total holdings in Cordy to 11,380,600 shares representing approximately
13.61% of the total issued and outstanding shares of Cordy.
    The purchase of the Cordy shares by Clarke was made through the
facilities of the Toronto Stock Exchange for investment purposes. Clarke may,
from time to time, acquire additional shares of Cordy, dispose of some or all
of the existing or additional shares of Cordy, or continue to hold the shares
of Cordy in the normal course of Clarke's investment activities.

    About Clarke

    Halifax-based Clarke Inc., led by an entrepreneurial team of investment
professionals, is an activist and catalyst investment company that creates
shareholder value by identifying businesses with the potential for improved
performance, and working actively to uncover the value.
    Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB,
CKI.DB.A); for more information about Clarke Inc., please visit our website at
www.clarkeinc.com.
    %SEDAR: 00009934E




For further information:

For further information: Melinda Lee, Vice President Investments, Clarke
Inc., (902) 442-3420, Fax: (902) 423-4001


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