CLEARLINK Capital Corporation

CLEARLINK Capital Corporation

July 26, 2005 15:49 ET

CLEARLINK'TM' Reports Settlement

MISSISSAUGA, ONTARIO--(CCNMatthews - July 26, 2005) - CLEARLINK Capital Corporation (TSX:CNK) announced today that, subject to a number of conditions, it has settled its litigation with the City of Windsor and The County of Essex regarding the regional landfill. The settlement is subject to court approval of the termination of the special purpose vehicle (the "Trust") that undertook the financing and the approval of the new financing arrangements to be entered into directly between the funder and the municipalities.

In addition, the majority of the dollar exposure on the equipment leasing disputes with the City of Windsor has been settled. The parties have also agreed to a further mediation and arbitration process to settle the relatively smaller claims in the remaining leases.

The Corporation believes it has now achieved substantial resolution of this litigation matter, (other than the remaining leases), that had significantly impaired its business conduct over the past several years. Of further importance, this matter has been settled within the financial reserves established by the Corporation in its Fiscal 2005 financial statements.

CLEARLINK Capital Corporation is a leading provider of innovative financial solutions in technology and equipment leasing, and equipment trading. Based in Mississauga, Ontario, CLEARLINK operates throughout North America and Europe.

CLEARLINK™ is a trademark of CLEARLINK Capital Corporation.

Contact Information