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| SECURITIES COMMISSION OF THE BAHAMAS PRESS RELEASE - FOR IMMEDIATE RELEASE RE: CARDINAL INTERNATIONAL FUND SERVICES LTD. November 16, 2004
In light of recent information provided to the media over the past few days by Cardinal International Fund Services Ltd. (‘Cardinal’), a licensee of the Securities Commission of the Bahamas (‘Commission’), regarding an inspection being conducted by the Commission, the Commission confirms that it is currently conducting an inspection for cause. When the inspection will be completed is dependant on the level of cooperation that the Commission receives from Cardinal. The Securities Commission of The Bahamas 3rd Floor, Charlotte House Charlotte Street P.O. Box N-8347 By fax to: (242) 356-7530 By email to: info@scb.gov.bs Website: www.scb.gov.bs
For more information please contact: Mechelle Martinborough
Telephone: (242) 356-6291/2
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