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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: rolatzi who wrote (9676)	4/8/2003 10:56:38 PM
From: Richard Saunders	Respond to of 24921

Some broker and sales names from the past..... Acumen house making some internal changes including a bit more o&g focus. Acumen Capital Partners announces a transaction to introduce Oil and Gas Coverage CALGARY, April 8 /CNW/ - Acumen Capital Finance Partners Limited ("Acumen") announced today that the company entered into a Letter of Intent that will, subject to regulatory approval, result in a series of share transactions in the capital of Acumen, the joining of new principals as directors and officers of Acumen, the adoption of a revised business plan to include a significant oil and gas capital markets presence, and the potential for an alteration or change in the Acumen name. Subject to regulatory approval and subject to the approval of the board of directors of Acumen, Brian D. Parker will be appointed President of the firm. C. Michael Stuart will be appointed Vice President - Investment Banking, and James M. Welykochy will be appointed Vice President Research - Oil & Gas Analyst. Bruce A. Ramsay, a founder of Acumen, will continue his role as Chairman. Acumen's business has historically included full service retail operations, and a capital markets business focused on small capitalization technology and industrial sectors. Acumen will continue to offer a full range of services to retail clients, and the capital markets group will build on this framework by adding an emphasis on small capitalization oil and gas explorers and producers. Acumen will continue to be an independent, employee owned Western Canadian investment dealer with a mandate to offer excellent service to corporate, institutional and retail clients. In addition to Messrs. Ramsay, Parker, Stuart, and Welykochy, Acumen's senior officers include: Douglas S. Gowland, Vice President - Institutional Sales, Robert W. Laidlaw, Vice President Retail - Senior Investment Advisor, Curtis L. Mayert, Vice President - Retail Sales, Brian D. Pow, Vice President - Research and Equity Analyst, Alfred Sailer, Vice President - Investment Banking, and T. Lynn Wittiger, Chief Financial Officer. Kim Wong and Michael F. Hill have decided to leave the investment dealer industry, and the continuing partners express thanks for seven years of outstanding service. Final documentation and transaction completion is expected to occur by May 31, 2003 and is subject to regulatory approval. -30- For further information: Acumen Capital Partners - (403) 571-0300 (general); Bruce A. Ramsay, Chairman - (403) 571-0301; www.acumencapital.com