Manitou Investment Management Ltd

77 King Street West. Suite 4320P.O. Box 212Fax: (416) 941-9876About UsCallidus Capital Corporation established in 2003, is a privately held Canadian company that specializes in innovative and creative financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions. Unlike conventional lending institutions who demand a long list of covenants and make credit decisions based on cash flow and projections, Callidus credit facilities have few, if any, covenants and are based on the value of the company's assets, its enterprise value and borrowing needs.Callidus' senior management has significant financing, operating and restructuring experience and has a deep understanding of the realities of business. We approach risk from a business perspective and can be very creative, flexible and fast.Acting as principal, Callidus manages an investment pool of approximately US$400 million and will look at transactions requiring senior credit facilities between $5 million and $100 million.