PSE Sports and Entertainment Media Statement June 15

    TORONTO, June 15 /CNW/ - Statement by Bill Walker, spokesman:

    Jim Balsillie's bid to bring a seventh NHL team to Canada continues.
We're still here. The Phoenix court confirmed Mr. Balsillie was approved as an
NHL owner in 2006 and remains so. We believe he has made the best offer and
Hamilton remains the best location for this team.
    The court did not approve either our approach or the NHL's. Judge Baum
did state he does not have time to decide all the relocation issues. But the
court still controls the sale process. As a result, we look forward to hearing
from the NHL soon on its view of our relocation application and an appropriate
relocation fee, so as to allow the court to determine if that fee is
reasonable. We still think there is enough time for the NHL to approve Mr.
Balsillie's application and move the team to Hamilton by September. The court
invited mediation on these issues and Mr. Balsillie is willing to participate
in such mediation if the NHL is also willing to do so.

For further information:

For further information: Bill Walker, Senior Vice President, Veritas
Communications Inc.,,, O (416)
482-2710, BB (416) 558-8766

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