Lakefield Marketing Corporation

November 11, 2005 12:56 ET

Lakefield Comments on Mount Real Corporation

MONTREAL, QUEBEC--(CCNMatthews - Nov. 11, 2005) - Lakefield Marketing Corporation (CNQ:LKFD) is issuing this release to clarify any questions that shareholders or investors may have with regards to the actions taken against Mount Real in Quebec on Thursday, November 10th. Lakefield has learned that Quebec's Finance Minister has appointed a provisional administrator over the assets of Mount Real Corporation, at the request of the province's securities regulator, l'Autorite des marches financiers (AMF). Mount Real provides Lakefield Marketing Corporation with bookkeeping and accounting services.

"The action on the part of the regulators will not impact operations or earnings. We are in the process of deciding whether to move our bookkeeping and accounting internally, or finding a new external provider," William A. Urseth, President of Lakefield commented.

Lakefield's core business is marketing and strategic promotional services in the media sector.

Contact Information

  • Lakefield Marketing Corporation
    William A. Urseth
    (514) 866-4423
    (514) 866-4424 (FAX)