Jacob & Company Securities Inc.

Jacob & Company Securities Inc.

May 30, 2007 11:00 ET

Ernie Eves, Q.C., Former Ontario Premier and Minister of Finance, Joins Jacob & Company Securities Inc. as Executive Chairman

Firm specializes in underwriting and financial advisory services to renewable power and infrastructure sectors

TORONTO, ONTARIO--(CCNMatthews - May 30, 2007) - Mr. Sasha Jacob, Vice-Chairman and CEO, Jacob & Company Securities Inc., today announced that Mr. Ernie Eves, Q.C., former Ontario Premier and Minister of Finance, has joined Jacob & Company Securities Inc. ("Jacob & Company") as Executive Chairman. Jacob & Company is an independent investment bank providing underwriting and financial advisory services to companies in the renewable power and infrastructure sectors.

"Ernie and I met years ago when I was with the Ontario Government as a policy advisor. I have tremendous respect for Ernie. We're building a firm with a team of people who can provide significant value to our clients. Our goal is to be a global leader in this sector, and I believe we're on the right path to achieve that goal," Mr. Jacob said. "We believe our wide-reaching contacts, depth of knowledge and our proven ability to access capital on behalf of clients sets us apart from competitors in the field."

"I believe Sasha is the best investment banker in the renewable energy sector in North America and I'm very pleased to be part of Jacob & Company. It's an exciting opportunity," added Mr. Eves. "I plan to put to use my many years of experience from both the public and private sectors."

The firm, which is headquartered in Toronto, will primarily service small- to mid-cap issuers in North America and around the world. Since the launch of Jacob & Company in early 2007, the firm has either led or participated in nine financings valued at more than $100 million, with several other transactions under way. Mr. Jacob said that the company is on track to do $300 million worth of deals in 2007.

Mr. Jacob added that other industry professionals are expected to join the firm within weeks.

Mr. Jacob brings more than a decade of experience in the power and infrastructure sector, including founding and heading up the power and infrastructure practice at a leading Canadian investment bank. In addition, he held senior positions as Special Assistant to the Ontario Minister of Energy during the Province's electricity deregulation initiative in the late 1990s.

In the previous two years before establishing Jacob & Company, Mr. Jacob managed and structured over 20 transactions in the renewable sector, and participated in renewable financings valued at more than $1 billion.

In addition to his duties as Executive Chairman at Jacob & Company, Mr. Eves is Chair and Special Advisor to the Ontario Investment and Trade Advisory Council, Ministry of Economic Development & Trade. He is a member of the Canadian Board of Directors of CB Richard Ellis Limited, and serves in an advisory capacity to several private and public companies.

He is also widely recognized for his philanthropic work, especially in the area of post-secondary education for learning disabled disadvantaged young people through The Justin Eves Foundation.

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