Clarke Inc. to appoint Blair Cook as CFO


    HALIFAX, Jan. 29 /CNW/ - George Armoyan, President and CEO of Clarke Inc.
("Clarke"), announced today that Blair Cook has accepted the position of Chief
Financial Officer of Clarke, effective March 31, 2008, replacing the current
CFO, Neil Morley, who will be leaving Clarke at that time. Mr. Cook brings to
Clarke years of financial management experience as well as hands on experience
assessing investment opportunities and implementing value creation strategies.
    "I am delighted to welcome Blair Cook to the Clarke team," said
Mr. Armoyan. "I have worked with Blair over the course of the last two years
through Geosam Investments and Armco Capital, and I look forward to bringing
the benefits of his expertise to Clarke."
    For the last year, Mr. Cook has been the Chief Financial Officer for
Armco Capital, a private group of companies that operates a number of real
estate businesses and land development projects and has been named one of
Canada's 50 Best-Managed Companies for a number of years running. Prior to
that, he was Vice President Finance of Geosam Investments Limited and Chief
Finance Officer of Fishery Products International USA ("FPI-USA").
    Mr. Cook's previous experience also includes five years as the Manager of
Commercial Investments and Senior Financial Analyst for Mergers and
Acquisitions at Emera, and more than six years public accounting experience
with Grant Thornton where he served leading Atlantic Canadian public
companies. He was awarded the Governor General of Canada Gold Medal as the top
Canadian Institute of Chartered Accountants graduate in 1995, and holds an MBA
from St. Mary's University and a Bachelor of Business Administration from
Acadia University.
    Mr. Morley will be taking up the position of Chief Financial Officer of
Armco Capital and Geosam Investments. "I take this opportunity to thank Neil
very much for his valued service at Clarke" said Mr. Armoyan.

    About Clarke

    Halifax-based Clarke Inc., led by George Armoyan and an entrepreneurial
team of investment professionals, is an activist and catalyst investment
company that creates shareholder value by identifying businesses with the
potential for improved performance, and working actively to uncover the value.
Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB;
CKI.DB.A); for more information about Clarke Inc., please visit our website at
    %SEDAR: 00009934E

For further information:

For further information: Robert Normandeau, Chief Operating Officer,
Clarke Inc., (902) 442-0345

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