HALIFAX, March 12 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 18,100 units of Art In Motion Income Fund ("AIM"), increasing
Clarke's holdings to 1,606,005 units, representing approximately 19.99% of the
total outstanding units of AIM, and approximately 14.99% of the voting rights
attached to all issued and outstanding securities of AIM.
The purchase of the units of AIM 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 AIM, dispose of some or all of
the existing or additional units of AIM, or continue to hold the units of AIM
in the normal course of Clarke's investment activities.
"At Clarke Inc., our investment team is always pursuing strategic and
opportunistic investments that will continue to grow Clarke's business and
profitability," said George Armoyan, President and CEO of Clarke Inc. "We
believe that our investment in Art in Motion Income Fund offers a strong
opportunity to deliver value for Clarke's shareholders, and we are increasing
our position in order to take further advantage of that opportunity."
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: Melinda Lee, Vice President Investments, Clarke
Inc., (902) 442-3420, Fax: (902) 423-4001