Loring Ward sets special shareholder meeting date for acquisition by WRI



    NEW YORK, Aug. 7 /CNW/ - Loring Ward International Ltd. ("Loring Ward" or
the "Company") (TSX: LW) today announced that the special meeting of
shareholders to consider and vote on the proposed acquisition of Loring Ward
by Werba Reinhard, Inc. ("WRI") is scheduled to be held on September 16, 2008.
The record date for shareholders entitled to receive notice of and vote at the
special meeting has been set as the close of business on August 15, 2008.
Further details are to be contained in an information circular that is
expected to be mailed to shareholders in connection with the special meeting.
    The Company also announced today that the annual and special meeting of
shareholders (the "Annual Meeting") previously scheduled for August 29, 2008
has been rescheduled to November 14, 2008, which is currently expected to be
following the expected completion date of the acquisition of the Company by
WRI. The record date for shareholders entitled to receive notice of and vote
at the Annual Meeting has been set as the close of business on October 14,
2008.
    In the event that the acquisition of the Company by WRI is completed
before the date set for the Annual Meeting, it is expected that WRI would
cancel the Annual Meeting and deal with the matters to be considered at the
Annual Meeting by written resolution as the sole shareholder at such time.

    About Loring Ward

    Loring Ward International Ltd. provides in its core business a turnkey
asset management program to some of America's most knowledgeable and
successful investment advisors and their clients. These services include
investment strategies and products, back office operational processing,
education and training, and business development support. The Company's U.S.
corporate offices are headquartered in New York. For more information, please
visit www.loringward.com.
    The Company, in the ordinary course of its business, may explore
potential proposals or be the recipient of proposals with respect to strategic
opportunities and transactions, which may include strategic joint venture
relationships, significant debt or equity investments in or by the Company,
the acquisition or disposition of material assets or business lines, mergers,
new products or services, new distribution methods and other similar strategic
opportunities or transactions. The Company's policy is generally not to
publicly disclose the pursuit of a potential strategic opportunity or
transaction unless and until a definitive binding agreement is reached. The
public announcement of such matters could potentially materially affect the
price or value of the Company's securities. As a result, there can be no
assurance that investors who buy or sell the Company's securities are doing so
at a time when the Company is not pursuing a particular strategic opportunity
or transaction that, if publicly disclosed, could materially affect the price
or value of the Company's securities.

    Information in this news release that is not current or historical
factual information may constitute forward-looking information within the
meaning of securities laws. Forward-looking statements may include those
relating to the Company's objectives and strategies, as well as statements of
our beliefs, plans, expectations and intentions. Implicit in this information
are assumptions regarding future revenue and expenses, economic conditions,
and the results of pending litigation involving the Company, as well as our
business strategy, expectations, intentions, and other matters. These
assumptions may prove to be incorrect, and actual outcomes and results,
including the future operating results and economic performance of the
Company, may differ materially because of many factors, including those
discussed in this press release and in our other public filings. For more
information on these risks and uncertainties you should refer to our detailed
Financial Statements and Management's Discussion and Analysis, as well as a
broader description of certain challenges and risks facing the Company, all of
which is available at www.sedar.com. Forward-looking information contained in
this news release is based on our current estimates, expectations and
projections, which we believe are reasonable as of the current date. You
should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. The Company disclaims any
intention or obligation to update the information in this press release or
revise any other forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by law.





For further information:

For further information: Robert Herrmann, Phone: (212) 907-8080, E-mail:
info@loringward.com

Organization Profile

LORING WARD INTERNATIONAL LTD.

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