By Windward Telecom Press Release

PORT OF SPAIN, TRINIDAD:

Windward Telecom Ltd. has successfully launched its international telecommunications network in Trinidad and Tobago. The Company has been moving switched traffic through its Miami and Port of Spain switches on a commercial basis for the past week. “Expatriates and foreigners calling into Trinidad will be the initial beneficiaries of Windward's wholesale services,” said Douglas Cunningham, Chief Executive Officer of Windward Telecom. “Our international carrier partners will be able to provide material price reductions, improved call quality and enhanced call completion rates to their customers in over 230 countries.” “The absence of carrier pre-selection, often referred to as long distance equal access, precludes Trinidadians from directly benefiting from Windward's presence at this juncture,” said Cunningham. However, Windward Telecom and other competitive carriers have been notified by the regulator that the Equal Access issue will be addressed in the third quarter of this year.

Windward Telecom will participate next week in the International Telecom Week conference in Washington, D.C. which will be attended by more than 700 international carriers, many of whom seek a choice of terminating carriers in the Eastern Caribbean.

Windward Telecom also intends to file for additional licences throughout the Windward Islands in the months ahead to expand its regional hub from its premises in Port of Spain and Miami thereby reducing the cost of intra-Caribbean calls. The company also provides international leased private circuits to a number of other carriers and Internet service providers.

Windward Telecom is also currently in various stages of negotiations with major oil and gas companies, several government agencies and a number of domestic and international carriers to construct two self-healing fibre optic rings which would link upwards of 302 drilling rigs and production platforms to cable landing stations situated at Chaguaramas, Crown Point, Tobago and Galeota Point. Concurrently, Windward Chairman, James Meenan has announced the appointment of Robert Stauble, commercial director of Offshore Technology Solutions Limited to Windward's Board of Directors. “Robert's quarter century of experience in Trinidad's offshore marine industry will, in particular, assist Windward in the development of the TOFFE project.” Windward Telecom anticipates making further announcements about the timing of Trinidad Offshore Fibre Electronics (TOFFE) project by the end of June.

Windward Telecom Ltd. is controlled by Network Research Inc., an international telecommunications consultancy and is 10% owned by C.A. Bancorp Inc., a publiclytraded (TSX:BKP) Canadian Merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment.

C.A Bancorp is focused on investment in small and middle-sized public and private companies, with the emphasis on the industrial, infrastructure, real estate and financial service sectors. Assets invested and under management now exceed $322 million.

More Information: For more information about Windward Telecom, contact Douglas Cunningham at 905 842-6766 or by Email at [email protected] 

For more information about C.A. Bancorp. Inc., contact Mark MacDonald at 416 214- 5985 ext. 518 or by Email at: [email protected]