Loring Ward Reports July Assets



    NEW YORK, Aug. 15 /CNW/ - Loring Ward International Ltd. ("the Company")
(TSX:LW) announced today that its total assets under management increased to
$5.5 billion at July 31, 2007, an increase of $781 million or 16.7% from the
$4.7 billion at December 31, 2006, and an increase of $1.4 billion or 34.8%
from the $4.1 billion at July 31, 2006.
    As at July 31, 2007, assets at Loring Ward Advisor Services, the
Company's turnkey asset management program, increased to $5.2 billion, an
$832 million or 19.2% increase over the $4.3 billion at December 31, 2006, and
a $1.5 billion or 42.9% increase from the $3.6 billion at July 31, 2006. Net
new assets were $642 million for the first seven months of 2007, a 58.7%
increase over the first seven months of 2006. The number of independent
advisors with assets at Loring Ward reached 702, an increase of 10 for the
month and 72 year-to-date. The number of client accounts reached 21,772, an
increase of 475 for the month and 3,294 year-to-date.
    As at July 31, 2007, assets under management within the Company's private
client business, Loring Ward Capital Management, totaled $314 million, a
decrease of $51 million or 13.9% from $365 million at December 31, 2006, and a
decrease of $138 million or 30.5% from $452 million at July 31, 2006. The
Company previously announced that it signed a binding agreement to sell this
business with closing expected on or before September 30, 2007.
    For certain information on the Company's historical growth trend of
assets under management, new client accounts and new advisors, please visit
the following link to the Company's website
http://www.loringward.com/Version2/monthlyReports/MarchAssetReporting.pdf.

    About Loring Ward
    Loring Ward International Ltd. provides in its core business a turnkey
asset management program to some of America's most knowledgeable and
successful investment advisors and their clients. These services include
investment strategies and products, back office operational processing,
education and training, and business development support. The Company's U.S.
corporate offices are headquartered in New York. For more information, please
visit www.loringward.com.

    The Company, in the ordinary course of its business, may explore
potential proposals or be the recipient of proposals with respect to strategic
opportunities and transactions, which may include strategic joint venture
relationships, significant debt or equity investments in or by the Company,
the acquisition or disposition of material assets or business lines, mergers,
new products or services, new distribution methods and other similar strategic
opportunities or transactions. The Company's policy is generally not to
publicly disclose the pursuit of a potential strategic opportunity or
transaction unless and until a definitive binding agreement is reached. The
public announcement of such matters could potentially materially affect the
price or value of the Company's securities. As a result, there can be no
assurance that investors who buy or sell the Company's securities are doing so
at a time when the Company is not pursuing a particular strategic opportunity
or transaction that, if publicly disclosed, could materially affect the price
or value of the Company's securities.
    Information in this news release that is not current or historical
factual information may constitute forward-looking information within the
meaning of securities laws. Forward-looking statements may include those
relating to the Company's objectives and strategies, as well as statements of
our beliefs, plans, expectations and intentions. Implicit in this information
are assumptions regarding future revenue and expenses, economic conditions,
and the results of a pending lawsuit involving the Company, as well as our
business strategy, expectations, intentions, and other matters. These
assumptions may prove to be incorrect, and actual outcomes and results,
including the future operating results and economic performance of the
Company, may differ materially because of many factors, including those
discussed in this press release and in our other public filings. For more
information on these risks and uncertainties you should refer to our detailed
Financial Statements and Management's Discussion and Analysis, as well as a
broader description of certain challenges and risks facing the Company, all of
which is available at www.sedar.com. Forward-looking information contained in
this news release is based on our current estimates, expectations and
projections, which we believe are reasonable as of the current date. You
should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. The Company disclaims any
intention or obligation to update the information in this press release or
revise any other forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by law.





For further information:

For further information: Contact: Robert Herrmann, Phone: (212)
907-8080, E-mail: info@loringward.com

Organization Profile

LORING WARD INTERNATIONAL LTD.

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