OSC Obtains Court Order Appointing KPMG as Receiver of ASL Direct

News Release
Ontario Securities Commission 20 Queen St. W. Box 55, Suite 1900 Toronto, ON M5H 3S8	Commission des valeurs mobilières de l'Ontario	FOR IMMEDIATE RELEASE November 18, 2008

TORONTO – As a result of an application by the Ontario Securities Commission (OSC), the Superior Court of Justice (Commercial Court) issued an endorsement on November 14, 2008 approving an order appointing KPMG as receiver and manager of all the property and assets of ASL Direct Inc. (ASL).

This matter was heard on November 4, 2008 by Mr. Justice Morawetz of the Superior Court of Justice (Commercial Court). Mr. Justice Morawetz, having heard both sides in the contested hearing, provided an endorsement on November 14, 2008 granting the OSC application for the appointment of KPMG as receiver.

Under section 129 of the Securities Act, the Commission may apply to the Court for an order appointing a receiver and manager where it is in the best interests of, among others, security holders or subscribers of the company over which the receiver and manager is appointed, or where it is appropriate for the due administration of Ontario securities law.

Clients of ASL who may have questions concerning the receivership should contact KPMG at 416-777-8501.

The OSC would like to acknowledge the cooperation and assistance of the Mutual Fund Dealers Association of Canada in this matter.

For Media Inquiries:	Wendy Dey Director, Communications & Public Affairs 416-593-8120 Laurie Gillett Manager, Public Affairs 416-595-8913 Carolyn Shaw-Rimmington Assistant Manager, Public Affairs 416-593-2361
For Investor Inquiries:	OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)