The Caldwell Partners' Shareholders Approve Creation of a Single Class of Voting Shares in 2011 and 18% Reduction of Stated Capital, Adding it to Contributed Surplus



    TORONTO, Feb. 19 /CNW/ - The Caldwell Partners International Inc. (TSX:
CWL.A), Canada's first truly national human capital services firm, today
announced that its shareholders have approved an amendment to the Articles of
the Company that will cause the company to have a single class of voting
shares effective November 1, 2011. On that date, the company's Class B shares
automatically will be converted into Class A shares at a ratio of 1.149 Class
A non-voting shares for each Class B share then outstanding and the Class A
shares will acquire voting rights.
    The shareholders also approved an amended resolution to reduce the Stated
Capital of the Class A and Class B shares by 18 percent, adding those amounts
to Contributed Surplus.
    The company indicated that it is intending to use some of the addition to
its Contributed Surplus to repurchase Class A shares on the Toronto Stock
Exchange, pursuant to a Normal Course Issuer Bid notice to be filed with the
TSX. The Caldwell Partners had aggregate Stated Capital of its Class A and
Class B shares of approximately $19.6 million at the end of the fiscal 2009
first quarter on November 30, 2009.

    About The Caldwell Partners

    The Caldwell Partners International Inc., founded in 1970, was Canada's
first executive search firm. Today the human capital services company serves
clients across Canada, in the United States, and internationally with offices
in Vancouver, San Francisco, Los Angeles, Calgary, Toronto, and Montreal. The
Caldwell Partners focuses, in particular, on recruiting "C-class" executives
(chief executive, chief financial, chief information officers, as well as
other senior executives). The Caldwell Partners takes pride in delivering
unmatched depth of service and expertise to its clients, the calibre and
experience of its staff, and the successful completion of its engagements. The
Caldwell Partners founded and continues to promote the prestigious national
awards programs recognizing Canada's Outstanding CEO of the Year(TM) and
Canada's Top 40 Under 40(TM), and advises and supports the Canada's CFO of the
Year Award(TM) program. In 2007, the Canada's Outstanding CEO of the Year(TM)
and Canada's Top 40 Under 40(TM) programs marked their respective 19th and
14th anniversaries.
    The Caldwell Partners' Class-A non-voting shares are listed on The
Toronto Stock Exchange (TSX: CWL.A). Please visit our website at
www.caldwell.ca for further information.

    Forward-Looking Statements

    Forward-looking statements in this document are based on current
expectations that are subject to significant risks and uncertainties. Actual
results might differ materially due to various factors such as the competitive
nature of the executive search industry, the ability of the company to execute
its growth strategies, the performance of the Canadian domestic and
international economies, and the company's ability to retain key personnel.
The Caldwell Partners assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from
those reflected in the forward-looking statements.

    %SEDAR: 00003230E




For further information:

For further information: Richard W. Wertheim, Wertheim + Company Inc.,
wertheim@wertheim.ca, (416) 594-1600, (416) 518-8479 (cell)


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