Valiant Trust launches new employee incentive plan system

    CALGARY, June 14 /CNW/ - Valiant Trust Company ("Valiant") is pleased to
announce the introduction of a new employee incentive plan recordkeeping
system. The system will provide much improved functionality and efficiency to
existing and new clients at prices affordable to small and medium sized
    The new plans recordkeeping system will accommodate most common employee
incentive plan types including share purchase, share options, restricted
shares, deferred shares, phantom units and share appreciation rights. Features
of the new system include multi-lingual and multi-currency capabilities,
online access for company plan administrators and plan participants,
electronic statement delivery and real time data processing.
    SG Vestia, a leading employee incentive plan provider headquartered in
Toronto, developed the new plans system on behalf of Valiant Trust.
"Partnering with other first-rate suppliers allows Valiant to extend new
value-added services to our clients, while maintaining a focus on our core
competencies," said Adrian Baker, President of Valiant Trust Company. "We
continue to expand our market presence within Western Canada and our
relationship with SG Vestia allows us to extend our client-focus to include
more mid-market companies and other geographic regions of Canada."
    "SG Vestia is proud to partner with Valiant Trust and expand our presence
in Western Canada," said John Davies, Chief Executive Officer of SG Vestia.
"Valiant Trust's commitment to personalized service combined with SG Vestia's
highly automated equity plan platform will offer clients a powerful tool to
satisfy their equity plan requirements, both now and in the future."

    About Valiant Trust

    Valiant Trust is a non-deposit taking specialty trust company providing
Corporate Trust, Stock Transfer, and Employee Incentive Plan services to
public and private companies. Clients are serviced through offices in Calgary,
Vancouver and Edmonton. Valiant Trust is a wholly owned subsidiary of Canadian
Western Bank, which is listed on the Toronto Stock Exchange under the trading
symbol "CWB". For more information visit

For further information:

For further information: Adrian Baker, President, Valiant Trust Company,
Phone: (604) 699-4801, Cell: (604) 562-8024, E-mail:

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