Alliance Trust Company

Alliance Trust Company

March 04, 2008 09:00 ET

Alliance Trust Company Enters the Corporate Trust and Stock Transfer Market

CALGARY, ALBERTA--(Marketwire - March 4, 2008) -

Alliance Trust Company today announced that on December 3, 2007, it received the Government Charter and Letters Patent to operate as a non-deposit taking, Specialty Trust Company in Alberta. It has fulfilled all of the Government requirements, including establishing a Reserve Fund in the amount of $2,000,000 in unencumbered capital. Alliance Trust Company is now fully operational and open for business.

Founder, President and CEO, Zinat H. Damji said, "We are excited to enter this very limited market of service providers in the field of Stock Transfer Agency and Corporate Trust Services." Currently, there are only a handful of trust companies in Canada that specialize in providing these services. Damji believes that public corporations will benefit from having a few alternatives to choose from. Damji is no stranger to the world of stock transfer and corporate trust. Having founded and successfully run another trust company once before, Damji brings a high degree of sophistication and knowledge of the industry as well as the business world.

A sampling of services offered by Alliance Trust Company are:

Transfer Agency and Registrar
Escrow Agency
Shareholder Meeting Services
Depository and Information Agency
Trustee for Income Trusts
Trustee for Subscription Warrants
Trustee for Debenture Issues
Trustee for Employee Share Plans

"As always, our commitment to provide Alberta based public corporations with an exceptional level of service, in the most cost effective manner, is unwavering." With a very stream lined stock transfer software systems which allows for maximum productivity, together with exceptional staff, Damji is confident public corporations in Alberta will benefit from Alliance Trust Company entering the market place.

The head office of Alliance Trust Company is located in Calgary, Alberta, with sub-agency offices in the cities of Toronto, New York and London (England).

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