Loring Ward International Ltd.

Loring Ward International Ltd.

August 12, 2005 13:55 ET

Loring Ward Reports Second Quarter Results

WINNIPEG, MANITOBA--(CCNMatthews - Aug. 12, 2005) - Note to reporters and editors: Loring Ward's earnings conference call will take place on Monday, August 15 at 4:00 p.m. ET. To participate in the call, and the question and answer period that will follow, please dial 416-695-9711 or toll-free 1-877-323-2093. Please dial in about five minutes before the start of the call to ensure your participation, as there are limited lines available. The conference call will also be simultaneously webcast at www.ccnmatthews.com/LoringWardQ2. To listen to the webcast, participants will require Windows MediaPlayer®, which can be downloaded prior to accessing the call.

Loring Ward Reports Second Quarter Results

Loring Ward International Ltd. today released its financial results for the second quarter ended June 30, 2005. The results reflect the development of the Company's operations in the United States, and continued focus on investing in the core business segments with the highest prospects for growth and profitability in the years ahead, namely, its Asset Management, Family Office and Advisor Services segments.

Second Quarter Financial Highlights

The results for the three months ended June 30, 2005 show a $1.6 million or 43.2% increase in the Company's operating income over the same period last year. Results also include the following (all figures referenced are in U.S. Dollars):

- Client assets under management totaled $3.0 billion, up $195 million, a 6.9% increase over the first quarter of 2005;

- Revenues were $19.1 million, up $1.4 million, a 7.8% increase over the $17.7 million reported for the same period last year;

- Earnings before interest, income taxes, depreciation, and amortization ("EBITDA") were $1.9 million, up $0.2 million, a 12.9% increase from the $1.7 million reported in the second quarter of 2004. The change year over year was primarily due to increased contribution from Sports Representation offset by higher corporate costs resulting from the transition of certain management positions from Canada to the U.S.; and

- Net earnings were $0.5 million for the quarter, up slightly from the amount reported during the corresponding period in 2004.

"We have had good revenue growth in the first half of 2005, and actions taken during this period, including the divestiture of our sports representation businesses and continuing efforts to build upon our core financial services segments, have strengthened the Company for the future," said Donald J. Herrema, President and Chief Executive Officer.

The Company also completed the consolidation of its common stock on the basis of one (1) share for each ten (10) shares existing on August 9, 2005. As a result of this consolidation, the Company's pro-forma fully-diluted earnings per share were $.07 for the three months ended June 30, 2005, unchanged from the same period last year.

Second Quarter Operational Highlights

The primary operational highlights for the second quarter focused on the Company's transition to a U.S.-based organization and the further development of its core business segments, including the:

- recruitment of five new senior executives to the Company's new U.S.-based management team with significant industry experience and the demonstrated capability of leading and growing businesses in the U.S.,

- election of three new U.S.- based individuals to join the Company's Board of Directors, providing additional strategic counsel and guidance as the Company works to grow the business in the U.S., and

- divestiture of the Company's remaining two sports representation businesses through agreements with principals of Fegan & Associates, Inc. and M.D. Gillis & Associates Ltd.

"We have assembled a strong U.S. based senior executive management team to advance our business plan forward," said Herrema. "We have now turned all of our focus and attention towards growing our Asset Management, Family Office, and Advisor Services segments - engaging ourselves exclusively in the work our clients and valued shareholders should be fully expecting us to do," he added.

About Loring Ward

Loring Ward International Ltd. provides wealth, career and life management services to some of America's most enterprising and successful individuals and families, primarily through its Family Office and Advisor Services businesses. It is an unlisted public company with principal operating subsidiaries in California and New York. The company's U.S. corporate offices are headquartered in New York. For more information, please visit www.loringward.com.

This document contains forward-looking statements relating to the Company's objectives and strategies, as well as statements of our beliefs, plans, expectations and intentions. These statements are not guarantees of future performance and may involve uncontrollable and unforeseen risks and uncertainties. Actual outcomes and results may differ materially because of many factors, including those discussed in this report and other public filings. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For complete financial statements please visit www.loringward.com. The second quarter operating results are more fully discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations, which is also available on our Website.

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