TORONTO, February 7, 2006 - VenGrowth Private Equity Partners Inc. and its affiliates ("VenGrowth"), a leading private equity firm with over $1 billion in assets under management, today announced an investment in ACS Limited ("ACS"). The financing was led by VenGrowth's Mezzanine Finance Team and included investments by The VenGrowth Traditional Industries Fund Inc. and The VenGrowth III Investment Fund Inc.

Established in 1958, Toronto-based ACS employs over 150 people. The funding will be used as growth capital as the company continues to expand its research capabilities and range of exhaust and emission control solutions.

ACS designs, tests and manufactures customized exhaust/emission systems and tubular products for North American original equipment manufacturers ("OEMs") in several areas of the industry, including recreational vehicles and light agricultural tractors as well as generator sets and other industrial equipment.

ACS also plays a leading role in the development of emission control products for small gasoline engines, a marketplace that is poised for substantial growth as stricter emission regulations are introduced in North America. The company has developed and continues to refine a range of catalytic systems for both gasoline and diesel engine applications as its OEM clients cope with the impact of environmental legislation.

"With a strong management team, impressive test and design capability, a quality end-to-end service and product offering and brand-name clients, ACS has built a solid reputation in its marketplace," said Gavin Muranaka, Director, VenGrowth. "VenGrowth's Mezzanine Finance Team seeks established, profitable Canadian businesses to partner with on behalf of shareholders, and ACS fits that bill."

"The partnership with VenGrowth will enable ACS to continue to lead in emission control solutions for small engines and develop a broader range of emission treatment products, including solutions for other market sectors, to meet ever-increasing North American standards." said Peter Hampton, President, ACS. "It also strengthens our ability to make future strategic acquisitions in order to continue to grow our business."

About VenGrowth's Mezzanine Finance Team
VenGrowth's Mezzanine Finance Team specializes in financing solutions for mid-market Canadian companies in traditional manufacturing and services industries that are expected to generate sustainable cash flows. Investments are made on behalf of shareholders in participating VenGrowth Funds. The Team primarily invests using debt instruments with the objective of generating interest and dividend income to the Funds. In addition, the Funds will typically hold equity interests alongside the loans with the intention of generating long-term capital appreciation. This group of VenGrowth professionals is led by Graham McBride, a highly regarded mezzanine financing expert with over 19 years of experience.

About VenGrowth
With over $1 billion in assets under management, VenGrowth is Canada's largest private equity and venture capital firm managing both retail and institutional assets. Since 1982, VenGrowth's accomplished private equity managers have invested over $1.1 billion in over 180 companies, building a strong track record of successful portfolio transactions. These investments have been made on behalf of over 180,000 individual investors and leading pension funds, banks, insurance companies and family foundations. Portfolio companies benefit from VenGrowth's substantial experience, resources, and hands-on investment style. VenGrowth's offices are located in Toronto (Corporate Headquarters) and Ottawa. For more information, please visit www.vengrowth.com.

About ACS
A privately owned Canadian company, based in Toronto since 1958, ACS services OEMs - both large and small - right across North America. ACS provides innovative solutions in the design and manufacture of best-in-class exhaust systems, tubular products and fabricated metal components. For more information, please visit www.acslimited.ca

For further information:
Angus Fisher
Media Relations
VenGrowth Asset Management Inc.
(416) 628 9255
afisher@vengrowth.com