eResearch

eResearch

October 23, 2006 09:56 ET

eResearch Issues Analyst Commentary on Integrated Asset Management Corp.

TORONTO, ONTARIO--(CCNMatthews - Oct. 23, 2006) - eResearch analysts, Robin Cornwell, B.A. (Economics), MBA, and Bob Weir, B.Sc., B.Comm., CFA, have written an Analyst Commentary on Integrated Asset Management Corp. (TSX VENTURE:IAM). Integrated Asset Management is an alternative asset management company.

In the Commentary, the Analysts state, "Integrated Asset Management Corp. ("IAM") mailed its formal exchange offer on September 22, 2006 to acquire any and all of the common shares of BluMont Capital Inc. (TSX VENTURE:BCC) ("BluMont") that IAM does not already own. (IAM currently owns 46.1% of the outstanding shares of BluMont). The Offer is open for acceptance until 8:00 p.m. on October 27, 2006, unless the Offer is extended or withdrawn by IAM. Under the Offer, holders of BluMont common shares will be entitled to receive 1/3 of one common share of IAM for each common share of BluMont tendered to the Offer."

The Analysts go on to say, "The closing prices on October 20, 2006 for each were: $0.57 per share for BluMont and $1.74 per share for IAM. At these recent share prices, the IAM offer represents a premium for each BluMont share of less than 2%. That is, the current share prices accurately reflect the essence of the share exchange. There is virtually no premium built in, suggesting that investors fully expect this transaction to close successfully."

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive Internet distribution network. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Integrated Asset Management Corp. paid eResearch a fee of C$32,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

Contact Information