Vision Capital Corporation announces acquisition of common shares of Edleun
Group, Inc.

TORONTO, Aug. 9 /CNW/ - Vision Capital Corporation ("Vision Capital") today announced that it has acquired control of 1,990,000 common shares ("Common Shares") of Edleun Group, Inc. ("Edleun") at a price of $0.65 per Common Share.

Control of such Common Shares was acquired as a result of the acquisition of ownership by Vision Opportunity Fund Limited Partnership and Vision Opportunity Fund Limited Partnership 2 (collectively with Vision Opportunity Fund Trust, the "Funds") of 1,300,000 Common Shares and 690,000 Common Shares, respectively, pursuant to a private transaction (the "Private Transaction"). Vision Capital is the investment manager of each of the Funds and exercises discretion over all investments held by each of them.

The 1,990,000 Common Shares acquired pursuant to the Private Transaction represent approximately 2.16% of the 92,220,301 Common Shares issued and outstanding as of August 9, 2010 (as disclosed to Vision Capital by Edleun).

After giving effect to the Private Transaction, under applicable Canadian securities laws the Funds are deemed to collectively have beneficial ownership of, and Vision Capital is deemed to have control of, an aggregate of 13,847,650 Common Shares, consisting of 11,794,000 actual Common Shares and 2,053,650 warrants to acquire Common Shares. The 13,847,650 Common Shares over which Vision Capital is deemed to exercise control represent approximately 14.69% of the 94,273,951 Common Shares deemed by Canadian securities laws to be issued and outstanding, for purposes of this report, as of August 9, 2010 (including the 92,220,301 Common Shares actually issued and outstanding as of such date (as disclosed to Vision Capital by Edleun) and the 2,053,650 warrants to purchase Common Shares over which Vision Capital is deemed to exercise control).

Other Information

Vision Capital acquired control over the Common Shares that are the subject of this news release for investment purposes.

In connection with the investment by the Funds in the Common Shares, Vision Capital may engage in communications with members of management and the board of directors of Edleun, other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors with respect to Edleun. Vision Capital intends to review the Funds' investment in Edleun on a continuing and ongoing basis. Depending on various factors including, without limitation, Edleun's financial position, the price levels of Common Shares or other securities of Edleun, conditions in the securities markets and general economic and industry conditions, the Funds' business or financial condition and other factors and conditions Vision Capital deems appropriate, Vision Capital may in the future take such actions with respect to the investment by the Funds in Edleun as Vision Capital deems appropriate including, without limitation, seeking additional board representation or discontinuing its current board representation, making proposals to Edleun concerning changes to the capitalization, ownership structure or operations of Edleun, acquiring Common Shares or other securities of Edleun, or selling or otherwise disposing of some or all of its Common Shares. In addition, Vision Capital may formulate other purposes, plans or proposals regarding Edleun or any of its securities to the extent deemed advisable in light of general investment and trading policies, market conditions or other factors or may change its intention with respect to any and all matters referred to above.

This news release is issued in accordance with applicable Canadian securities laws, which require a report to be filed on SEDAR ( containing additional information with respect to the foregoing matters.

The address of Vision Capital is set out below.

SOURCE Vision Capital Corporation

For further information: For further information: including to obtain a copy of the report filed by Vision Capital in respect of the matters disclosed in this news release in accordance with applicable Canadian securities laws, contact Vision Capital at the address specified below. Vision Capital Corporation, 181 University Avenue, Suite 1410, Toronto, ON, M5H 3M7, Attn: Jeffrey F. Olin, Tel: 416.362.0300

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Vision Capital Corporation

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