Sarbit Asset Management hires new Portfolio Manager

    WINNIPEG, Oct. 2 /CNW/ - Sarbit Asset Management Inc. is pleased to
announce the addition of Mr. Sam Pellettieri to our Investment Management
Department beginning October 1st, 2007.

    Sam Pellettieri, CFA, BComm EVP, Equities

    Sam Pellettieri comes to Sarbit from Tetrem Capital Management, where he
was a founder, principal and portfolio manager. In addition, he was a valued
and senior member within Tetrem's team of fundamental investment analysts.
Tetrem is a Winnipeg-based investment management firm that manages over
$8 billion in equity assets for retail and institutional clients. Prior to
that, Sam worked at Assante Asset Management Ltd, where he was Director,
Quantitative Research. In this role, he led a team of four investment
professionals who developed and implemented quantitative models for security
selection, asset allocation, risk management, portfolio construction, and
performance attribution. He worked within the portfolio management teams using
sophisticated quantitative security selection and risk management tools. He
started his career as a Corporate/Government Fixed Income Analyst, and managed
North American Fixed Income portfolios. Mr. Pellettieri is a graduate of the
University of Manitoba with a Bachelor of Commerce degree, where he majored in
Finance and minored in Mathematics. He holds a Chartered Financial Analyst
    Mr. Pellettieri will be managing Canadian & Global Equities, pending
regulatory approval.
    We at Sarbit are excited to welcome him on board and know that he will
add tremendous value to Sarbit clients in the future.

For further information:

For further information: Larry Sarbit, CEO & President, (204) 942-2177

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