December 7, 2009 - The Inspectors and the Court have approved the final allocation to Portus Customers in the amount of 3.1435% of allowed claims, which brings the total allocation made in the Portus Estate to 95.1435%. The Trustee will issue the allocation cheques on December 21, 2009 and will deliver them to Canada Post for mailing to Portus Customers or their receiving financial institutions. We expect that it could take up to three weeks for cheques to be received. Portus Customers are therefore asked to refrain from calling the Portus KPMG Call Centre in relation to non-receipt of the 4th and final allocation cheques until the second week of January 2010.

This is the final allocation as all assets in the Portus Estate have now been realized and the Trustee will be proceeding for its discharge in 2010.

The Trustee requests Portus Customers and receiving financial institutions to cash the cheques as quickly as possible in order to aid in the administration and reconciliation process.

Please note that the Portus Call Centre will be closed from December 23rd for the holiday season, reopening on January 4, 2010.

Boaz Manor and Michael Mendelson were charged with fraud and other offences. Michael Mendelson pleaded guilty of one count of fraud and was sentenced to two years in a Federal penitentiary. He has been released on parole. Boaz Manor is defending the charges. His trial is expected to commence in late 2010.

If Portus Customers have any questions, please contact the call centre at 1-866-260-5439.

The Trustee can also be contacted by email at portus@kpmg.ca or by mail at:
Portus Trustee in Bankruptcy
Suite 601, South Tower, 100 University Ave.
Toronto, ON M5J 1V6