Proceedings

Notice from the
Office of the Secretary

Ontario

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

July 10, 2007


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

- AND -

IN THE MATTER OF
FACTORCORP INC., FACTORCORP FINANCIAL INC.,
AND MARK TWERDUN

TORONTO – The Office of the Secretary issued a Notice of Hearing on July 6, 2007 setting the matter down to be heard on July 20, 2007 at 10:00 a.m. or as soon thereafter as the hearing can be held in the above named matter.

A copy of the Temporary Order and Notice of Hearing are available at www.osc.gov.on.ca.


OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

- 30 -

For media inquiries:

Wendy Dey
Director, Communications
& Public Affairs
416-593-8120

 

Laurie Gillett
Manager, Public Affairs
416-595-8913

For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)