GrowthWorks Commercialization Fund Ltd.

GrowthWorks Commercialization Fund Ltd.
GrowthWorks Atlantic Venture Fund Ltd.

GrowthWorks Atlantic Venture Fund Ltd.
Working Opportunity Fund (EVCC) Ltd.

Working Opportunity Fund (EVCC) Ltd.

July 29, 2005 12:06 ET

GrowthWorks Managed Funds' Initial Commercialization Series of Shares go off-Sale

TORONTO, ONTARIO--(CCNMatthews - July 29, 2005) -

Second Series expected to be available in the Fall

GrowthWorks(i) announced today that the initial commercialization series of Class A shares for GrowthWorks Commercialization Fund, GrowthWorks Atlantic Venture Fund, and the Working Opportunity Fund (the "Funds") will go off-sale as of July 29, 2005, as permitted under the Funds' prospectuses.

The Funds expect to offer a second series of commercialization shares in the Fall in connection with the finalization (subject to regulatory approval) of new prospectuses.

The dividend policy associated with the initial commercialization series of shares is to pay cash dividends equal to approximately 25% of the purchase price of the shares during the period from 2005 through 2008. It is expected that the next series of commercialization shares will have a similar dividend policy except that the period will span 2006 through 2009.

About GrowthWorks

GrowthWorks (www.growthworks.ca) is a recognized leader in venture capital fund management with proven experience in the raising and managing of capital. GrowthWorks™ managed funds, including the Working Opportunity Fund, GrowthWorks Canadian Fund, GrowthWorks Commercialization Fund, GrowthWorks Atlantic Venture Fund, and Fullarton Capital managed funds, have approximately $800 million in combined assets. GrowthWorks has a team of skilled and knowledgeable investment professionals with a combined 200 years of experience. The Investment team has a proven track record of identifying, analyzing and structuring investments in emerging sectors. GrowthWorks is a registered trademark of GrowthWorks Capital Ltd.

(i) GrowthWorks refers to affiliates of GrowthWorks Ltd. and includes GrowthWorks Capital Ltd., manager of the Working Opportunity Fund (EVCC) Ltd., GrowthWorks WV Management Ltd., manager of GrowthWorks Canadian Fund Ltd., GrowthWorks Opportunity Fund Ltd. and GrowthWorks Commercialization Fund Ltd., GrowthWorks Atlantic Ltd., manager of GrowthWorks Atlantic Venture Fund Ltd., and Fullarton Capital Corporation, manager of Canadian Science and Technology Growth Fund Inc. and Capital Alliance Ventures Inc.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund purchases. Please read the prospectus of each of the Funds before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.


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