TORONTO, Feb. 18 /CNW/ - JovInvestment Management Inc. ("JovInvestment"),
the investment manager of a wide range of investment products, announced that
as at January 30, 2009, the various investment products that it manages
acquired common shares of Atrium Innovations Inc. ("Atrium") through the
facilities of the Toronto Stock Exchange ("TSX") that, when aggregated across
all client accounts managed by JovInvestment, exceeded 10% of the issued and
outstanding common shares of Atrium (TSX Symbol - "ATB") as at such date.
As at January 30, 2009, JovInvestment controls 9,102,606 common shares of
Atrium on behalf of the investment products it manages. The common shares were
acquired at an average price per common share of $12.70. This holding
constituted 28.1% of Atrium's outstanding common shares. The common shares of
Atrium were acquired in the ordinary course of business on behalf of various
investment products managed by JovInvestment for passive investment purposes
only and not for the purpose of exercising control over Atrium.
As of the date of this press release, the various investment products
managed by JovInvestment have reduced their holdings in the common shares of
Atrium to below 11% of Atrium's outstanding common shares. JovInvestment may
from time to time acquire, dispose, or continue to hold securities of Atrium.
For further information:
For further information: Steven Hawkins, President and Chief Operating
Officer, JovInvestment Management Inc., 26 Wellington Street East, Suite 700,
Toronto, Ontario, M5E 1S2, (416) 601-2442