C.A. Bancorp Inc.

C.A. Bancorp Inc.

June 09, 2008 09:04 ET

C.A. Bancorp Inc. (TSX:BKP) Announces High Fidelity HDTV Inc. Signs Exclusive Deal With Smithsonian Networks™

TORONTO, ONTARIO--(Marketwire - June 9, 2008) -

Exclusive Deal with Smithsonian

C.A. Bancorp Inc. ("C.A. Bancorp") (TSX:BKP) is pleased to announce that its portfolio investment High Fidelity HDTV Inc. ("High Fidelity") has signed an exclusive deal with Smithsonian Networks of the United States ("Smithsonian").

High Fidelity operates four full-time high-definition channels in Canada - Oasis HD, Rush HD, Treasure HD and Equator HD. The agreement with Smithsonian gives all four channels exclusive access to all Smithsonian Channel programming for broadcast in Canada.

"High Fidelity has made a commitment to Canadian viewers to offer the best in non-fiction HD programming, and Smithsonian is a standard-bearer for that promise," said John Panikkar, Partner and Co-Founder of High Fidelity. "The Smithsonian Institution is known worldwide. The programming produced for Smithsonian Channel in the U.S. is as varied and enriching as the Institution itself, covering genres such as wildlife, technology, history and culture. We are thrilled to be the exclusive Canadian source for this programming, and proud to offer it for the first time to Canadian viewers."

"Our top-quality programming line-up is one of the keys to maintaining High Fidelity's strong growth," said Ken Murphy, Partner and Co-Founder of High Fidelity. "We will continue to strengthen our channels through additional programming partnerships, and broaden our viewership through distribution agreements with additional carriers." High Fidelity's channels are currently available nationally on Bell ExpressVu, and regionally on SaskTel and a number of systems within the Canadian Cable Systems Alliance (CCSA).

"This exclusive deal with Smithsonian is further evidence of the High Fidelity management team's ability to successfully execute on its business plan. Previously, the management group was instrumental in the launch of such well-known brands as TSN and Discovery Channel Canada," said Mark MacDonald, Managing Director, Private Investments at C.A. Bancorp. "The investment in High Fidelity is part of the approximately $322 million of C.A. Bancorp's assets invested or under management. High Fidelity is on track to meet or exceed our return expectations."

C.A. Bancorp Inc.

C.A. Bancorp Inc. (TSX:BKP) is an alternative asset manager that directly invests in and manages private equity investments and other alternative assets with strong growth prospects. The company is focused on investments in small- and mid-cap companies in the industrials, infrastructure, real estate and financial services sectors - four areas that offer strong cash flows, tangible assets and some of the most dynamic investment opportunities. C.A. Bancorp has a $2.7 million investment in High Fidelity HDTV Inc.

High Fidelity HDTV Inc.

High Fidelity HDTV Inc. is Canada's leading 24/7 provider of all high-definition channels to satellite and cable providers for distribution to Canadian viewers. It was founded in 2003 by Canadian broadcasting veterans Ken Murphy and John Panikkar, whose mission and mandate is to bring smart, refreshing and beautiful all-HD specialty programming to Canadians and audiences worldwide. High Fidelity has formed wide-ranging partnerships with several leading HD broadcasters around the world, and is continually expanding its portfolio.


This news release contains forward-looking statements with respect to matters concerning the business, operations, and strategy of C.A. Bancorp. These statements relate to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent the C.A. Bancorp's beliefs regarding future events. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue", similar words or the negative thereof, or variations of such words and phrases that certain actions, events or anticipated outcomes "may", "would" or "might" be taken, occur or be achieved. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. The future business, operations and performance of C.A. Bancorp discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Additional, important factors that could cause actual results to differ materially from expectations include, among other things, the ability to obtain government and regulatory approvals, High Fidelity's performance and general economic and market factors. C.A. Bancorp cautions that risk factors discussed in applicable continuous disclosure filings required by law that C.A. Bancorp has made and filed on SEDAR including its MD&A and annual information form, should also be considered carefully and that undue reliance not be placed on forward-looking statements as events and results could differ materially from those expressed or implied by forward-looking statements made by C.A. Bancorp. The cautionary statements qualify all forward-looking statements attributable to C.A. Bancorp and persons acting on its behalf. Unless otherwise stated, all forward looking statements speak only as of the date of this news release. C.A. Bancorp does not undertake, and specifically disclaims, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

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