Abacus announces completion of nearly half a billion dollars in acquisitions in the first half of 2007

    VANCOUVER, Aug. 1 /CNW/ - Abacus Private Equity (formerly Abacus Capital
Corporation) announced today that it completed acquisitions totaling nearly
half a billion dollars in the first half of 2007, already exceeding the value
of acquisitions completed by the company during all of 2006.
    Acquisitions in the first half of 2007 included real estate properties,
seniors living assets, agricultural operations, biotechnology, manufacturing
and services firms with aggregate value exceeding $480 million. The acquired
businesses and properties are located in Ontario, Alberta and British
    "We completed nearly half a billion dollars in transactions in the first
six months of 2007, an amount equal to deal flow for all of 2006," said Gene
Gomes, Managing Director, Abacus Private Equity. "We are delivering on our
goal to add value in core industries like real estate and have forged strong
relationships in new markets such as seniors living. Also, our executive team
has grown with the addition of key hires and we have moved into new executive
offices in Toronto, Montreal and Vancouver. We are extremely pleased with our
performance so far and well positioned for comparable success in the remainder
of the year with an exciting new initiative, which will be announced shortly."

    About Abacus Private Equity

    Abacus Private Equity Group is a leading independent investment firm that
has been acquiring Canadian and international corporations and partnerships
for more than a decade. Since 2005, Abacus has acquired nearly $1.4 billion in
assets through its affiliated divisions. Abacus possesses depth of knowledge,
expertise in diverse industries and substantial resources for new
opportunities and is committed to making equity investments for long-term
value appreciation. Please visit www.AbacusPE.com for more information.

For further information:

For further information: Abacus Contact: Gene Gomes, Managing Director,
T: (416) 214-3336, Email: ggomes@AbacusPE.com; Media Contact: Pamela L. Smith,
Elevated Communications, T: (604) 787-8872, Email: pamela@elevatedpr.com

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Abacus Private Equity

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