Laurence Capital Corp.

March 10, 2005 13:37 ET

Laurence Capital Corp Adds Sales Professional

Ron Totton joins LCC as Vice President Attention: Business/Financial Editor, News Editor KITCHENER, ONTARIO--(CCNMatthews - March 10, 2005) - Laurence Capital Corp, a Waterloo-based merchant bank which provides capital and stewardship to entrepreneurial-led, growth companies announced today the appointment of Ron Totton as a Vice President of the firm.

Ron will expand LCC's talent base in the areas of sales and business development and will be involved in all facets of LCC's investment lifecycle with LCC's investee companies.

Initially Ron will advise LCC investee company, TSX Venture Exchange listed Automated Benefits Inc. (AUT.V) focusing on their Symbility mobile claims division. Laurence Capital Fund II LP purchased 1,000,000 units of Autoben on Nov 9, 2004. Each unit consists of one common share of Autoben and one share purchase warrant.

Symbility has developed an advanced, pen-based, wireless application focusing principally on residential and commercial property claims estimation and for use by field adjusters, independent adjusters and restoration contractors worldwide. The application is a unique combination of functionality and proprietary IP allowing customers to easily build loss repair estimates and process claims remotely while having access to volumes of claims data and communicating with other claims participants in real-time.

Ron has formerly held sales, sales management and general management positions in the US and Canada at DHL, i2 Technologies Inc (NASDAQ:ITWO.PK) and Descartes Systems Group Inc (DSG.TO, NASDAQ:DSGX).

"I am extremely excited to welcome Ron Totton into our team at Laurence Capital Corp. Ron's experience is ideally positioned to assist us in our mandate to invest in and provide stewardship to some of Canada's most promising growth companies" comments Peter J. Schwartz president of LCC.

About LCC

Laurence Capital Corp (LCC) is a Waterloo-based merchant bank which provides capital and stewardship to entrepreneurial-led growth companies. LCC has a unique value-based formula for investing in the lifecycle of a growth company. Working closely with investee companies LCC can provide pre-defined assistance in areas such as business development, m&a, financings and board and executive recruiting strategies.
LCC and the Laurence group of companies including Laurence Capital Fund I, Laurence Capital Fund II, Laurence Capital Fund III, Laurence Capital Fund IV (funds for growth companies), Laurence Development LP (a diversified real estate fund) have assets under management totaling approximately $100 million.

LCC and its principals have significant experience in developing entrepreneurial companies, collectively raising in excess of $500 million in debt and equity, either through public offerings, secondary placements or private placements, also completing 10 acquisitions and 3 divestitures. They have been officers and directors of 3 public companies listed on the TSX, TSX Venture Exchange and the NASDAQ, and currently serve or have served on 17 boards of private entities.


Treena Pauls
Executive Assistant
Laurence Capital Corp
Ph: 519-749-8893
Fx: 519-749-1554

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