OSC Seeking Order to Appoint Receiver Over Affairs of ASL Direct Inc.

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 October 31, 2008

TORONTO – On October 17, 2008, the Ontario Securities Commission (OSC) filed an application with the Superior Court of Justice seeking an order appointing a receiver and manager of all the property and assets of ASL Direct Inc. (ASL). ASL is registered with the Commission as a Mutual Fund Dealer and a Limited Market Dealer, and is a member of the Mutual Fund Dealers Association of Canada (MFDA).

This matter will be heard before the Superior Court of Justice, 330 University Avenue, Toronto, on Tuesday, November 4, 2008 at 10:00 a.m. 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.

On April 22, 2008, the OSC issued Temporary Cease Trade Orders respecting ASL, Adrian Leemhuis (Leemhuis), and Future Growth Group of Funds (Future Growth). Those Orders have been extended to December 1, 2008 and were obtained in the course of investigations conducted by staff of the OSC, the Autorité des marchés financiers (Québec) and the MFDA. The MFDA has initiated its own proceeding against ASL and Leemhuis.

Clients of ASL who may have questions concerning their investments through ASL should direct their enquiries to the MFDA at 416-943-4602.

Copies of the Toemprary Cease Trade Orders respecting ASL, Leemhuis and Future Growth are available on the OSC's website (www.osc.gov.on.ca).

The OSC would like to acknowledge the cooperation and assistance of the MFDA 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)