Loring Ward Significantly Reduces IT Expense and Raises Dividend



    NEW YORK, Jan. 23 /CNW/ - Loring Ward International Ltd (the "Company")
(TSX:LW) announced today that it has entered into a six-year arrangement with
a major IT service provider that reduces the Company's annual IT expense by
US$3.0 million, when annualizing the actual expense incurred in the fourth
quarter of 2007. The new cost structure, expected to go into effect
May 1, 2008, is a fixed expense rather than variable based on assets under
management, which was the Company's previous arrangement.
    The Company also announced today that it has declared an eligible
dividend for the first quarter of 2008 of CDN$0.12 per share, payable
February 29, 2008 to holders of record February 15, 2008. This dividend
represents an increase of $0.05 from the previous quarterly dividend of
$0.07 per share.
    "This revised IT arrangement represents the most significant improvement
to our cost structure since we began our initiatives to lower costs two years
ago," stated Robert P. Herrmann, Chief Executive Officer of Loring Ward
International Ltd. He added, "The substantial increase in our dividend is
clear evidence of our strong current financial condition and our confidence in
the Company's future earnings potential."

    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 a pending lawsuit 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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