ASC Seeking Reciprocal Order Against Mark Cramer

    CALGARY, Sept. 5 /CNW/ - The Alberta Securities Commission (ASC) has
announced that a hearing has been scheduled for September 25, 2007, regarding
the conduct of Mark Cramer in British Columbia under the reciprocal
enforcement provisions of the Alberta Securities Act.
    In the Notice of Hearing, ASC Staff seek an order in Alberta similar to
that made on May 22, 2003 by the British Columbia Securities Commission
(BCSC), which prohibited Cramer from using exemptions and from holding a
director or officer position for 12 years, with some exceptions. The BCSC's
order was based on findings that Cramer had:

    -  engaged in illegal distributions of securities of River Ranch Resort
       (VCC) Corp., River Ranch Resort (VCC II) Corp., River Ranch Limited
       Partnership, River Ranch Financial Corp., River Ranch Capital Corp.,
       Quantum Value Ventures (VCC) Corp. and Strategic Concepts Investment

    -  made misrepresentations about material facts respecting the issuers
       named above; and

    -  failed to suitably advise clients while acting as a registered
       securities dealer.

    ASC Staff allege that it is in the public interest for the ASC to issue
an order in Alberta against Cramer, a Calgary resident, for his admitted
breaches of the securities laws of British Columbia.
    A copy of the Notice of Hearing is available on the ASC website at

    The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.

For further information:

For further information: For Media Inquiries: Mark Dickey, Senior
Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public
Inquiries, (403) 297-4296, Toll Free 1-877-355-4488

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