A Hedge Fund Managed by Landry Morin is Ranked First in its Category

MONTREAL (CCNMatthews) - In its most recent edition, the US based Barclay Managed Funds Report ranks the Landry Morin long short momentum Fund first among equity market neutral hedge funds for the 3 years ended June 30th 2006.

The Barclay Managed Funds Report ranked 125 equity market neutral funds globally between July 1st 2003 and June 30th 2006. The Landry Morin long short momentum Fund is first overall with an annual compound return of 17.83 %, compared with 15.37 % for the second ranked fund.

"We are very happy to be recognized as best in our category by one of the leading sources of independent hedge fund research in the world. Our performance confirms that the quantitative stock selection method developed by Jean-Luc Landry over more than 10 years produces excellent long term returns", said Mr. Richard Morin, who co-founded the investment management firm Landry Morin with Mr. Landry in 2002.

The objective of the Landry Morin long short momentum Fund is to achieve above-average long-term returns with little or no correlation to equity markets. The fund buy sand sells short mostly large capitalization Canadian, US and international stocks based on a quantitative, momentum strategy.

Landry Morin is a registered securities adviser offering discretionary portfolio management to private and institutional investors. For private clients, Landry Morin manages diversified portfolios that consistently offer superior returns by using the most modern management techniques. For institutional clients and accredited investors, Landry Morin manages, as specialist, long/short and large cap equities portfolios that offer exceptionally high excess returns, by taking advantage of momentum effects in all major markets.

Based on 17 years of experience, the Barclay Group (www.barclaygrp.com) tracks and analyzes the performance of over 5700 hedge fund and managed futures investment programs. The Barclay Group indices and database are invaluable tools for private and institutional investors worldwide in the analysis of investment opportunities and in portfolio construction.

This press release and the information it contains must not be construed as a public offering to sell securities in any Canadian jurisdiction. The long short momentum Fund is only available to investors qualified as "Accredited Investors" as defined in the Multilateral Instrument 45-106, investors where the total cost of subscriptions or purchase is at least $150 000 per person and investors who have signed a discretionary management contract with Landry Morin. Past returns are not necessarily an indication of futures returns of this fund.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Landry Morin
Richard Morin
(514) 985-1138, ext 206
www.landrymorin.com
or
Communications Andre Bouthillier
Francois-Olivier Gagnon
(514) 732-4114