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 27, 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 - Following a hearing held on July 20 and 25, 2007 to consider whether to vary and/or extend the Temporary Order issued by the Commission on July 6, 2007 in the above noted matter, the Panel has ordered today that, pursuant to subsection 127(6) and 144 of the Act, the Temporary Order, as varied, shall take effect immediately and shall expire on the thirtieth day after its making unless extended by the Commission.

A copy of the Temporary Order, is available at www.osc.gov.on.ca




OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY


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