Interim Distribution - May 24, 2005

On May 24, 2005, an interim dividend was paid to the creditors of EFS. The following funds were released:

Secured creditor - $142,746

Preferred creditors - $50,011 (former employee wages)

Unsecured creditors - $325,243

Total - $518,000


All former employee wages were paid to the Employment Standards Branch in Victoria. Confirmation of employee identification, and payment to former employees will be completed by Employment Standards Branch in due course.

Questions should be directed to:

PricewaterhouseCoopers Inc.
Receiver of Eron Financial Services Limited
700 - 250 Howe Street
Vancouver BC V6C 3S7




BACK