C.A. Bancorp Inc.

C.A. Bancorp Inc.

July 11, 2007 14:08 ET

C.A. Bancorp Inc. (TSX:BKP) Announces Investment in High Fidelity HDTV Inc.

TORONTO, ONTARIO--(Marketwire - July 11, 2007) - C.A. Bancorp Inc. (the "Company") (TSX:BKP) is pleased to announce it has made an investment in Canadian independent broadcaster High Fidelity HDTV Inc. ("High Fidelity") to support the growth and expansion of High Fidelity's suite of smart, refreshing and beautiful High Definition ("HD") television channels.

The four million dollar investment by C.A. Bancorp strengthens High Fidelity's position as the leading Canadian all-HD broadcaster, according to Ken Murphy, High Fidelity's CEO.

"We are delighted to have a new financial investor in C.A. Bancorp," says Murphy. "Their financial strength and financial sector expertise will help us take our suite of four exciting all-HD channels to the next level of service. This is wonderful news for the rapidly growing number of HD households in Canada."

"We are excited to work with the highly-experienced team at High Fidelity as it continues to grow Canada's leading full-time 24/7 HDTV broadcaster", says Mark MacDonald, Managing Director, C.A. Bancorp." As public demand for greater High Definition content grows, and the cable and satellite providers continue to expand their High Definition offerings, we see a very favourable outlook for High Fidelity's growth."

High Fidelity HDTV launched its first two all-HD channels, Oasis HD and Treasure HD, in March of 2006. That was followed by the launch of two more channels, Rush HD and Equator HD, in September of the same year. High Fidelity has eight additional channel licence approvals from the CRTC, two more channel licence applications working their way through the regulatory process, a thriving television production subsidiary and ambitious expansion plans.

High Fidelity HDTV Inc.

High Fidelity was founded in 2003 by Canadian broadcasting veterans Ken Murphy and John Panikkar, who looked hard at the TV industry in Canada and worldwide, and believed that the future belonged to those who could offer smart, refreshing and beautiful all-HD specialty programming. High Fidelity HDTV has formed wide-ranging partnerships with other innovative HDTV producers and broadcasters, chief among them Rainbow Media Holdings, the largest HD content provider and HD broadcaster in the U.S.

C.A. Bancorp Inc.

C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and asset manager that provides investors with access to a range of private equity and alternative asset class investment opportunities, typically available only to institutional and high-net-worth investors. The Company is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.

Sentry Select Capital Corp.

Sentry Select Capital Corp. is a Canadian wealth management company that manages over $8 billion in gross assets as of June 30, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal protected notes and flow through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select Capital Corp. is the leading manager and/or advisor to entities listed on the TSX. In addition, Sentry Select Capital Corp. manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange.

The Exchange Tower
130 King Street West
Suite 2805, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 364-2398

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • C.A. Bancorp Inc.
    Mark Gardhouse
    Toll Free: 1-866-388-5985
    (416) 364-2398 (FAX)
    C.A. Bancorp Inc.
    Paolo De Luca
    Chief Financial Officer
    Toll Free: 1-866-388-5985
    (416) 364-2398 (FAX)
    Email: info@cabancorp.com
    Website: www.cabancorp.com