HALIFAX, Aug. 15 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 270,300 units of Bonnett's Energy Services Trust ("Bonnett's")
bringing its total holdings in Bonnett's to 1,398,800 units representing
approximately 12.01% of the total issued and outstanding units of Bonnett's.
"Clarke Inc. has an excellent track record of uncovering undervalued
investments for long-term profitability," said George Armoyan, President and
CEO of Clarke Inc. "We believe this investment in Bonnett's Energy Services
Trust has the potential to deliver accretive value to our shareholders."
The purchase of the Bonnett's units by Clarke was made through the
facilities of the Toronto Stock Exchange for investment purposes. Clarke may,
from time to time, acquire additional units of Bonnett's, dispose of some or
all of the existing or additional units of Bonnett's, or continue to hold the
units of Bonnett's in the normal course of Clarke's investment activities.
Clarke Inc. is the Halifax-based parent company of a number of
wholly-owned operating companies and divisions, and is an activist catalyst
investor with a diversified portfolio of strategic and opportunistic
investments. Clarke's operating companies are in the transportation services
business. From time to time, Clarke also participates in joint ventures when
they offer the opportunity to create shareholder value. Led by George Armoyan
and an entrepreneurial team of professionals focused on uncovering and
creating value, Clarke invests in undervalued businesses and participates
actively where necessary to enhance performance and increase returns. In 2006
alone, Clarke delivered a shareholder return on investment, including
dividends, of 33%. Clarke's securities trade on the Toronto Stock Exchange
(CKI, CKI.DB, CKI.DB.A); for more information about Clarke, please visit our
website at www.clarkeinc.com.
For further information:
For further information: Rob Normandeau, Chief Operating Officer, Clarke
Inc., (902) 442-3413, Fax: (902) 423-4001