J.L. Albright IV Venture funds acquire 16% of equity interest in Espial Group Inc.



    TORONTO, Dec. 21 /CNW Telbec/ - J.L. Albright Venture Partners ("JLA
Ventures") announced today that three of its managed funds, J.L. Albright IV
Venture Fund L.P., J.L. Albright IV Parallel Venture Fund L.P. and J.L.
Albright IV Parallel II Venture Fund L.P. (collectively, the "Funds") have
acquired through the facilities of the Toronto Stock Exchange 1,200,258 common
shares, 237,707 common shares and 62,035 common shares respectively of
publicly traded Espial Group Inc. ("Espial").
    After completion of the acquisitions described above, JLA Ventures
controls 1,500,000 common shares of Espial, representing approximately 16% of
the total issued and outstanding common shares of Espial.
    JLA Ventures may, directly or indirectly, depending on market and other
conditions, acquire beneficial ownership of, control or direction over,
additional common shares, through market transactions, private agreements or
otherwise. JLA Ventures may, depending on market and other conditions, sell
any or all of the Espial common shares.

    For further information on JLA Ventures visit www.jlaventures.com.

    J.L. Albright IV Venture Fund L.P.
    J.L. Albright IV Parallel Venture Fund L.P. and
    J.L. Albright IV Parallel II Venture Fund L.P. (collectively, the
    "Offeror")
    Suite 4440, P.O. Box 215
    TD Canada Trust Tower
    BCE Place, 161 Bay Street
    Toronto, Ontario
    M5J 2S1




For further information:

For further information: Pierre Donaldson, (416) 267-2440, Facsimile:
(416) 367-4604, info@jlaventures.com, www.jlaventures.com

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