Killick Capital

ST. JOHN'S, NL, Jan. 21 /CNW/ - An investment in Vector Aerospace Corporation ("Vector") has been made by Killick Capital Inc. ("Killick"). Vector is listed on the Toronto Stock Exchange (the "TSX") under the trading symbol "RNO".

On January 20, 2005, Killick acquired 2,636,400 Common Shares of Vector on the TSX, which together with the 22,000 Common Shares of Vector already owned by Killick and the 1,049,411 Common Shares of Vector held by Mark Dobbin, the President and controlling shareholder of Killick (for a total of 3,707,811 Common Shares), represents 10.8% of the issued and outstanding Common Shares of Vector, based on the public records of Vector.

The Common Shares are being acquired for investment purposes. Neither Killick nor Mark Dobbin has any current intention of acquiring ownership of or control or direction over any additional Common Shares. Killick, and/or Mark Dobbin, may in the future acquire additional shares of Vector in the market, pursuant to private transactions or otherwise, sell all or some portion of the shares of Vector they own or enter into derivative or other transactions with respect to their shares of Vector.

Atlantic Canada

	Max Arts, Athletics, and Wellness. MAX offers recreational and professional arts, athletics and wellness programs to kids and families in Newfoundland’s North East Avalon region. MAX delivers an array of dance, theatre, music, martial arts, basketball, volleyball, bowling, fitness and wellness classes under the same roof, for maximum family convenience.  With the top instructors, three newly renovated facilities and state-of-the-art equipment, MAX is committed to helping individuals reach their maximum potential, in a place where fun and quality instruction go hand-in-hand!
	Plasco Energy Group Inc. Waste to Energy Using Plasma to Convert Municipal Solid Waste to Electricity
	PharmaGap Inc. Biotechnology Company With a Core Focus on Discovering and Developing Novel Therapeutic Drugs for the Treatment of Cancer
	Verafin™ Inc. Verafin is a North American leader in fraud detection and anti-money laundering solutions for financial institutions, with over 800 customers that span 65 core processing systems and a broad asset range. Verafin helps financial institutions comply with the Bank Secrecy Act, USA PATRIOT Act, and FACTA regulations, while also helping to protect against fraud. Verafin is the exclusive provider of fraud detection and BSA/AML software for the California Bankers Association, Massachusetts Bankers Association, CUNA Strategic Services and 40 credit union leagues and associations in the United States.
	Greyfirst Corp. Developer of software with expertise in open source technologies and standard-based Computing. The Company has developed “Celtx,” a pre-production software for film, video, theatre and animation
Global Aerospace
	CT Aerospace (Carrollton, Texas) Specializes in providing a wide variety of products and services to the aviation industry.  CT purchases, overhauls (via third-party FAA certified MRO facilities) and sells new and used aircraft engines and engine parts to various customers including MRO facilities, leasing companies, aircraft operators and other engine parts distributors and dealers throughout the world.  From its 55,000 square foot facility, CT offers an extensive inventory of aircraft engines and engine parts to its customers.  Additionally, the Company provides leasing options on aircraft engines to aircraft operators and MRO facilities.  CT Aerospace specializes in the Pratt & Whitney Canada JT15D, PT6A, PW100, PW3005A; General Electric CF6, CFM International CFM56 and the International Aero Engines V2500.

Welcome to Killick Capital, a leading Atlantic Canadian Private Equity firm, dedicated to partnering with Atlantic Canadian businesses and Global Aerospace businesses.   Killick's focus is to identify and fund investments with the potential for substantial growth, long-term value creation and capital appreciation.  Killick is committed to providing access to capital and strategic insight, to build long-standing, successful companies.

Killick Capital is a private equity Investment firm headquartered in St. John’s, Newfoundland and Labrador. Killick Capital Invests in a broad range of companies, providing capital for expansion, acquisition financing and restructuring for primarily two target segments: Atlantic Canadian businesses and Global Aerospace businesses – sectors identified as having strong industry fundamentals. Killick Capital seeks to identify companies which have the promise to take their business to the next level. Whether it is the introduction of new products, expansion into a new market, market penetration or a strategic acquisition, we believe that access to the right capital partner can be the determining factor for success.

As Investors, our philosophy is to not only provide financial support, but to provide valuable industry, strategic and business development expertise to ensure the success of our portfolio companies. Our aim is to contribute to long-term value creation and capital appreciation. We at Killick Capital have a passion for helping to build growing and successful companies. That’s where Killick Capital adds value.

Killick Capital’s primary objective is to partner with experienced and entrepreneurial management teams of companies with leading market positions, to create strategic value in their respective markets and promoting strong growth and margins. We will work closely with our management partners providing strategic guidance to help companies capitalize on their business opportunities. Killick Capital will provide proactive governance through the board of directors but the responsibility of day-to-day operations will remain with the incumbent management team.

Killick Capital pursues Investments that are undervalued, yet fundamentally solid and have potential for underlying growth. Our focus is on companies that have a strong competitive advantage, with the capability of leveraging access to growth capital and business expertise. With Killick Capital , these companies will experience growth, success and value-creation for all stakeholders.

Killick Capital maintains a team of professionals who are focused on working closely with portfolio companies to successfully execute its Investment strategy.

Mark Dobbin
Mr. Dobbin is the Founder and President of Killick Capital Inc. From 1998 to 2003 Mr. Dobbin was the Chairman and CEO of Vector Aerospace Corporation, a globally-recognized aviation repair and overhaul Company. Prior to Vector he was employed for 17 years at CHC Helicopter Corporation, the world’s largest helicopter company – serving as senior vice president and a member of the Board of Directors. Mr. Dobbin is a 1981 graduate of Memorial University of Newfoundland (MUN’s) Bachelor of Commerce (co-op) program, and also holds an MBA from Dalhousie. Mr. Dobbin served on the Board of Director’s of Stratos Global Corporation, Aurora Energy Resources Inc, Newfoundland and Labrador Hydro and Aerospace Industries Association of Canada. He is a board member for Killick's investee companies which include Plasco Energy Group, Max Arts-Athletics-Wellness, Avatas Aerospace, Verafin Inc. and Greyfirst Corporation.

Tom Williams
Mr. Williams is the Vice-President of Investments of Killick Capital Inc. Prior to joining Killick Capital Inc., Mr. Williams was the Director of Corporate Development at CHC Helicopter Corporation and at Vector Aerospace Corporation. Previous to that, Mr. Williams worked at Grant Thornton, a leading firm of chartered accountants. Mr. Williams has been instrumental in due diligence and in the acquisition of a number of companies during that period. He is a Chartered Accountant and Chartered Business Valuator.

• Target Investments in areas where Killick Capital Inc. has specific industry experience - Atlantic Canada businesses and Global Aerospace businesses
• Invest in private, established companies which demonstrate financial strength
• Investments with significant growth potential
• Strong market position and customer franchise
• Competitive advantage/proprietary product or technology
• Strong leadership and management team
• Exit strategies readily identifiable