Western Pacific Trust Company
TSX VENTURE : WP

Western Pacific Trust Company

March 01, 2007 16:39 ET

Western Pacific Trust Company: CPHI Acquisition Terminated

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2007) - Western Pacific Trust Company ("WPTC" or the "Company") (TSX VENTURE:WP) announces the termination of the proposed acquisition (the "Acquisition"), by WPTC, of all of the issued and outstanding shares of Creative Planning Holdings Inc. ("CPHI").

As previously announced, on February 14, 2007 WPTC put the shareholders of CPHI (the "Vendors") on notice that, should the Vendors fail to remedy their breaches of the November 11, 2006 Letter of Intent (the "LOI") by February 28, 2007, being the end of the 14 day notice of breach period that WPTC was required to give under the terms of the LOI, WPTC would consider negotiations in respect to the Acquisition to have been terminated by the Vendors.

The Vendors have not remedied any of the deficiencies identified by WPTC in its notice. Accordingly, WPTC acknowledges termination of the Acquisition by the Vendors.

The Company would like to take this opportunity to thank its shareholders for their support during its efforts to complete this Acquisition.

Separately, WPTC announces that the 8% Debenture Offering of its wholly owned subsidiary, Western Equity Loans Ltd., did not achieve the minimum subscription level and closed February 28, 2007. The Offering will not be extended.

About Western Pacific Trust Company

Western Pacific Trust Company is a non-deposit taking financial corporation. Western Pacific is licensed under the Financial Institutions Act in British Columbia as a Trust Company, and is also registered extra-provincially in Alberta as a non-deposit taking Trust Company. Western Pacific Trust has two wholly owned subsidiaries: Futureworth Financial Planners Corp., a licensed mutual fund dealer in British Columbia, Alberta, Ontario and Nova Scotia, and Western Equity Loans Ltd., a registered mortgage broker in British Columbia and Ontario.

Rocco Liscio, President & CEO

This news release was prepared by the Board of Directors which is solely responsible for its contents.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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