GrowthWorks WV Management Ltd.

GrowthWorks WV Management Ltd.

January 11, 2005 15:18 ET

GrowthWorks Opportunity Fund to Cease Offering


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GROWTHWORKS WV MANAGEMENT LTD.

JANUARY 11, 2005 - 15:18 ET

GrowthWorks Opportunity Fund to Cease Offering

TORONTO, ONTARIO--(CCNMatthews - Jan. 11, 2005) - GrowthWorks
Opportunity Fund Ltd. ("the Fund") announced today that it will cease
offering its Class A shares to purchasers, effective immediately.

Recent sales patterns indicate purchasers prefer the larger, more
diversified, GrowthWorks Canadian Fund Ltd. After surveying investors
and investment advisors and given the similarities between the Fund and
the GrowthWorks Canadian Fund, it was decided that the Fund will no
longer offer Class A shares for sale.

About GrowthWorks (i)

GrowthWorks (www.growthworks.ca) is a recognized leader in venture
capital fund management with proven experience in the raising and
managing of capital. GrowthWorks™ managed funds, including the
Working Opportunity Fund and GrowthWorks Canadian Fund, have a
combined $700 million in assets. GrowthWorks has a team of skilled
and knowledgeable investment professionals with a combined 200
years of experience. The Investment team has a proven track
record of identifying and structuring investments in emerging
sectors. GrowthWorks is a registered trademark of GrowthWorks
Capital Ltd.

(i) GrowthWorks means affiliates of GrowthWorks Ltd. and includes
GrowthWorks Capital Ltd., manager of the Working Opportunity Fund (EVCC)
Ltd. and investment manager of GrowthWorks Canadian Fund Ltd. and
GrowthWorks Opportunity Fund Ltd., and GrowthWorks WV Management Ltd.,
manager of GrowthWorks Canadian Fund and GrowthWorks Opportunity Fund.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    GrowthWorks WV Management Ltd.
    Tracey Morrison
    (604) 862-6098
    Website: www.growthworks.ca