IPD International Parkside Products Inc

Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its private corporate
debt group, Integrated Private Debt Corp. ("IPD") announced today the closing of
a $20 million purchase of Series 9 Debentures from Equitable Group Inc.
("Equitable") (TSX:ETC). 


The capital raised by Equitable qualifies as Regulatory Tier 2 Capital for its
wholly-owned subsidiary, The Equitable Trust Company. 


Equitable is a niche mortgage lender whose core business is first charge
mortgage financing offered through The Equitable Trust Company. Founded in 1979,
The Equitable Trust Company is a federally incorporated and regulated trust
company that funds its business by attracting depositors as a regulated Canada
Deposit Insurance Corporation ("CDIC") member.   


John Robertson, President and COO of IAM and President and CEO of IPD, said "we
are delighted to have been given this opportunity to assist Equitable fund the
Tier 2 capital requirements of its subsidiary.  Equitable is a very well managed
company with an excellent track record of profitable and conservative lending in
what has proven to be a most volatile financial environment." 


IPD manages and provides funding from the $1.1 billion Integrated Private Debt
Fund LPs on behalf of a number of pension funds and other institutional
investors.  IPD offers fixed rate, investment grade term loans to mid-market
companies for such purposes as refinancing existing debt, plant expansion or
modernization, project financing and management buyouts. IAM is one of Canada's
leading alternative asset management companies, with approximately $2.3 billion
in assets and committed capital under management in private corporate debt, real
estate, managed futures, global bonds, private equity and retail alternative
investments.

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