Integrated Asset Management Corp.

Integrated Asset Management Corp.

October 23, 2007 08:00 ET

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $17.25 Million Participation in the Financing for Gilbralt Capital's Purchase of Skyservice Airlines

TORONTO, ONTARIO--(Marketwire - Oct. 23, 2007) - Integrated Asset Management Corp. (TSX:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announced participation of $17,250,000 in an offering of six year senior secured notes (the "Notes") in the aggregate principal amount of $27,250,000 to Skyservice Airlines Inc. ("Skyservice"). The Notes were sold on a private placement basis through Roynat Capital.

Headquartered in Vancouver, Canada, Gilbralt Capital Corporation("Gibralt") is a private investment company focusing on real estate and private equity investments in North America. Skyservice, founded in 1986, is a Canadian aviation services company providing broad and versatile services to the charter travel industry.

The net proceeds of the offering of Notes assisted in Gilbralt's acquisition of Skyservice.

John Robertson, President of IPD, said "we are delighted to welcome Skyservice and Gilbralt as clients. We are pleased to work with Roynat Capital on this private placement transaction".

IPD provides funding from and manages the $600 million Integrated Private Debt Fund LP on behalf of a number of pension funds and other institutional investors. IPD offers fixed rate term loans to mid-market companies for such purposes as refinancing existing debt, business expansion and project finance.

IAM is Canada's leading alternative asset management company, with approximately $3 billion in assets and committed capital under management in private debt, private equity, managed futures, real estate and retail alternative investments.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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