BreakPoint Capital Group LLC Invests in Madacy Entertainment Income Fund

    NEW YORK, Oct. 16 /CNW/ - BreakPoint Capital Group LLC ("BreakPoint")
announces that it has today acquired control and direction over an additonal
150,000 Units of Madacy Entertainment Income Fund (TSX: MEG.UN) ("MEG"),
representing approximately 2% of the outstanding Units, or approximately 1.3%
of the outstanding Units and Class B Exchangeable Units (which are convertible
into Units of MEG) of MEG. As a result, BreakPoint now controls an aggregate
of 874,060 Units, representing approximately 11.6% of the outstanding
securities of that class, or approximately 7.5% of the outstanding Units and
Class B Exchangeable Units combined. BreakPoint has exclusive control over the
trust units in its capacity as investment manager for BreakPoint Capital
Partners (Canada) Offshore Ltd. and as the employer of Mr. Heath Freeman, the
beneficial owners of the trust units. This announcement is not an admission
that BreakPoint is a joint actor with either of those beneficial owners.
    The purchase of the trust units in Madacy Entertainment Income Fund was
made through the facilities of the Toronto Stock Exchange for investment
purposes. BreakPoint may from time to time acquire additional trust units of
MEG, dispose of some or all of its existing or additional trust units of MEG,
or continue to hold the trust units in MEG in the normal course of
BreakPoint's investment activities, subject to applicable securities laws.

    About BreakPoint Capital Group LLC

    BreakPoint Capital Group LLC is a New York, New York based private asset
management company.

For further information:

For further information: or if you wish to obtain a copy of BreakPoint's
early warning report of this acquisition, please contact: Heath B. Freeman,
President & Portfolio Manager, BreakPoint Capital Group LLC, 885 Third Avenue
- 34th Floor, New York, NY, 10022, Tel: (212) 418-6865

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