Clairvest Group Inc.

Clairvest Group Inc.

May 11, 2006 18:18 ET

Clairvest Group Inc.: Datamark Declares Special Dividend Of $1.00 Per Share

TORONTO, ONTARIO--(CCNMatthews - May 11, 2006) - Clairvest Group Inc. (TSX:CVG) today announced investee company Datamark Systems Group Inc. (TSX:DMK) declared a dividend in the amount of $1.00 per common share, payable in cash on June 2, 2006. Clairvest will receive $4.7 million, bringing total dividends received to date from Datamark to $17.6 million. Clairvest owns 36.5% of Datamark.

"Datamark and its management have been good partners for Clairvest," said Jeff Parr, co-CEO of Clairvest. "We have now received $17.6 million in tax-free dividends from Datamark, on an investment of $14.4 million that we continue to own."

Clairvest is a Canadian merchant bank that invests its own capital, and that of third parties through Clairvest Equity Partners Limited Partnership ("CEP"), in companies that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.

Datamark Systems Group Inc. is dedicated to providing efficient and innovative document management solutions. The Company's operating divisions and subsidiaries, Datamark Systems Inc., Proforms and Les Impressions Intra-Media Inc. provide a full range of products and services including forms, labels, airline products and short and long run commercial printing. Document management services encompass warehousing and distribution as well as customized inventory and cost reporting. Datamark Systems Group Inc.'s plants and distribution centers are in Quebec, Ontario, Manitoba and Alberta. Datamark Systems Group Inc. is listed on the Toronto Stock Exchange under the symbol DMK.

This news release contains forward-looking statements with respect to Clairvest Group Inc., its subsidiaries and their investments. These statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Clairvest, its subsidiaries and their investments to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Contact Information

  • Clairvest Group Inc.
    Lana Reiken
    Chief Financial Officer and Corporate Secretary
    (416) 925-9270
    (416) 925-5753 (FAX)