HALIFAX, Aug. 15 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 128,100 units of Deepwell Energy Services Trust ("Deepwell") bringing
its total holdings in Deepwell to 758,855 units representing approximately
10.65% of the total issued and outstanding units of Deepwell.
"Clarke Inc. is an opportunistic investor, and selectively seeks out
investments that will deliver shareholder value," said George Armoyan,
President and CEO of Clarke Inc. "We believe the investment we are announcing
today in Deepwell Energy Services Trust offers a strong potential to yield
accretive value to our shareholders".
The purchase of the Deepwell 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 Deepwell, dispose of some or
all of the existing or additional units of Deepwell, or continue to hold the
units of Deepwell 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) 442-3420, Fax: (902) 423-4001