Abacus completes nearly half a billion dollars in acquisitions in 2006

    "Banner year" for Canadian private equity firm; also announces first
    acquisition in seniors housing

    VANCOUVER, March 2 /CNW/ - Abacus Private Equity (formerly Abacus Capital
Corporation) announced today that it completed acquisitions totaling
$474 million in 2006, a record for the firm. The company also announced the
acquisition of OMNI Healthcare on February 6, 2007, an acquisition valued at
over $100 million. The acquisition of OMNI marks the company's first
investment in seniors housing and the first acquisition for Abacus Seniors
Living, a division of Abacus Private Equity.
    Acquisitions in 2006 included real estate properties, agricultural
operations and oil and gas services firms totaling $474 million. The acquired
businesses and properties are located in Ontario, Alberta and British
    "2006 was a banner year for Abacus," said Gene Gomes, Managing Director,
Abacus Private Equity. "We are incredibly proud of the investments we made
this past year, satisfied by our maturation as a company, and grateful to our
dedicated team. This year is off to a great start with the acquisition of OMNI
and we are focused on increasing our reach into key industries such as the
retirement industry, in 2007."

    About Abacus Private Equity

    Abacus Private Equity Group is an independent, entrepreneurial investment
firm that has been acquiring Canadian and international corporations and
partnerships since 1996. In the past two years alone, Abacus has acquired
close to $1 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

For further information:

For further information: Media Contact: Pamela L. Smith, Elevated
Communications, T: (604) 787-8872, Email: Pamela@elevatedpr.com

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