Integrated Asset Management Corp.

Integrated Asset Management Corp.

August 31, 2005 18:00 ET

CORRECTION FROM SOURCE: Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $50 Million Financing for Peak Energy Services Trust

TORONTO, ONTARIO--(CCNMatthews - Aug. 31, 2005) -

The following corrects and replaces the release sent on Aug. 31, 2005 @ 16:56ET. The company name was "Peak Energy Services Ltd." and should have read "Peak Energy Services Trust." The complete and corrected release follows:

Integrated Asset Management Corp. (TSX VENTURE:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp. announced today the funding of a senior secured loan facility of $50 million to Peak Energy Services Trust (TSX:PES) ("Peak").

Founded in 1996, Peak is a leading Canadian oilfield service company, providing drilling and production services to the western Canadian oil and gas industry.

The loan is intended to be utilized to fund capital expenditures and acquisitions as required. A term loan of $30 million will be drawn down and utilized to repay outstanding advances on Peak's extendable term revolving acquisition loan facility. The remaining $20 million is available to be drawn down until December 31, 2005 with the option to renew for an extended period. The facility has no set principal payments during the seven (7) year term determined from the date of the respective advances.

Integrated Private Debt Corp. provides fixed rate term loans to mid-market companies for such purposes as refinancing existing debt, business expansion and project finance. It also manages, and provides funding from the $600 million Integrated Private Debt Fund LP.

IAM is Canada's leading alternative asset manager, with over $2.8 billion in assets and commitments under management in private debt, private equity, managed futures, real estate and hedge funds.

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

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