Western Pacific Trust Company

Western Pacific Trust Company

November 19, 2007 16:40 ET

Western Pacific Trust Company: Offer for Subsidiary

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - Western Pacific Trust Company (TSX VENTURE:WP) announces that it has entered into a non-binding Letter of Intent, pursuant to which Global Maxfin Investments Inc. of Markham, Ontario has confirmed its interest in purchasing all of the outstanding shares of Futureworth Financial Planners Corp., a wholly owned subsidiary of Western Pacific Trust Company.

The Letter of Intent contemplates a definitive agreement being entered into by November 23, 2007, and the transaction closing by December 31, 2007, subject to regulatory approval. No disruption to the business of Futureworth is anticipated as a result of this transaction.

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.

Contact Information

  • Western Pacific Trust Company
    Alison Alfer
    (604) 683-0455
    (604) 669-6978 (FAX)