Clarke Inc. Increases Its Investment in Shermag Inc.

    HALIFAX, March 19 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 132,800 common shares of Shermag Inc. ("Shermag"), increasing
Clarke's holdings to 2,669,700 shares, representing approximately 19.99% of
the total outstanding common shares of Shermag.
    The purchase of the Shermag common shares by Clarke was made through the
facilities of the Toronto Stock Exchange for investment purposes. Clarke may,
from time to time, acquire additional shares of Shermag, dispose of some or
all of the existing or additional shares of Shermag, or continue to hold the
shares of Shermag in the normal course of Clarke's investment activities.

    About Clarke

    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
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For further information:

For further information: please contact: Melinda Lee, Vice President
Investments, Clarke Inc., (902) 442-3420, Fax: (902) 423-4001

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