Loeb Partners Recommends MOSAID Shareholders Vote Their Yellow Proxies Today.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Loeb Partners Corporation, ("Loeb") reminds fellow shareholders to vote their YELLOW proxies today to ensure their votes can be counted in the election of directors with industry experience, financial expertise, and a true shareholder perspective to the Board of MOSAID Technologies Incorporated, (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :MSD (MicroSoft Diagnostics) A utility that accompanied Windows 3.1 and DOS 6 that reported on the internal configuration of the PC. A variety of information on disks, video, drivers, IRQs and port addresses was provided. ) ("MOSAID"). Loeb Partners, a multi-strategy investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , is a long-term MOSAID shareholder and currently owns approximately 9.6% of the Company's common shares. It has nominated three independent directors to complement the MOSAID board: --Emmett J. Murtha, who was responsible for licensing intellectual property rights at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation as well as developing ways to leverage IBM's intellectual property and related strengths. --Eugene I. Davis, is currently Chairman of a US$900 million market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. company and has been a director of many public companies. He is an attorney with a wide range of experience in corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. , corporate finance, and restructurings. He has proven expertise in helping public companies enhance and maximize the value of their assets for the benefit of shareholders. --Gideon J. King provides a major shareholder perspective currently non- existent on the MOSAID board. He is responsible for funds that, combined, represent one of the largest holdings of MOSAID shares. Mr. King is an experienced and successful investment manager with a consistent long-term track record of generating positive returns for clients. These nominees are named on the YELLOW proxy provided to all MOSAID shareholders. In addition, as described in the Loeb proxy circular, Loeb is recommending that shareholders vote to elect four of the seven management nominees to the Board. Loeb believes it is responsible for the current Board's decision to engage investment bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. and pursue a review of strategic alternatives designed to maximize shareholder value. The nominees will ensure the Board of MOSAID is held fully accountable for the timely and disciplined execution of this process. Based on the track record of the current Board, Loeb believes shareholders should be skeptical of the current Board's commitment to value maximization Value Maximization Increases in owners' wealth achieved by maximizing of the value of a firm's common stock. . To ensure their voices are heard and their votes counted at the upcoming annual and special meeting, Loeb urges MOSAID shareholders to follow the voting instructions provided on the YELLOW form which, in some cases, may require deposit 24 hours in advance of the Loeb September 20th proxy cutoff. For Information on Voting: MOSAID shareholders with questions about voting their shares at the September 22, 2006 Annual and Special Meeting of Shareholders may call Georgeson at 1 866 897 8636 or Genuity Capital Markets at 416 603 6000. Loeb Partners Loeb Partners Corporation is a New York-based investment advisor and registered broker-dealer. Together with its affiliates, Loeb Partners owns approximately 9.6% of the common shares of MOSAID Technologies Incorporated. |
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