Mr. Brian Lawson reports

PARTNERS VALUE SPLIT CORP. ANNOUNCES THE APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER AND CHANGES TO ITS BOARD OF DIRECTORS

Partners Value Split Corp. has appointed Cyrus Madon as chief executive officer of the company. Aleks Novakovic, Paul Farrell and Don Mackenzie have joined the board of directors of the company, replacing Frank Lochan, Gregory Morrison and Ralph J. Zarboni, who are each retiring from the company board.

"We would like to express our sincere gratitude to each of Frank, Greg and Ralph for their service, and for their numerous contributions to the company's success," said Brian Lawson, chair of the company board.