Media Statement - Tom Gaglardi and Ryan Beedie - Regarding today's BC Supreme Court decision - January 10, 2008



    VANCOUVER, Jan. 10 /CNW/ - "Earlier today, Justice Wedge released her BC
Supreme Court decision in the matter of Blue Line Acquisitions (et al) and
Orca Bay (et al).
    We are disappointed in today's judgement. We have not wavered in our
belief that this opportunity was wrongly taken away from us, however, we
respect the time and efforts of Justice Wedge in reaching her conclusions.
    We are grateful to our legal team for their exceptional efforts. As we
review this judgement with them, we will decide what our next steps might be.
Recognizing both the length and complexity of the judgement, we are not able
to comment further at this time.
    Finally, we would like to thank our families and our many friends and
colleagues who have supported us from the beginning."

    Tom Gaglardi and Ryan Beedie





For further information:

For further information: Shawn Thomas, (604) 612-5225 cell, (604)
608-4466 office

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TOM GAGLARDI AND RYAN BEEDIE

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