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For Immediate Release
October 10, 2008

TELL ME AGAIN WHY I SHOULDN'T BE WORRIED ABOUT MY GLOBAL RESP INVESTMENT?

 “Risk comes from not knowing what you're doing.”

-Warren Buffet

 It is shocking that firms who withstood the Great Depression have now failed in what economists might not even call a recession. However, their failure was not caused by the lack of demand for their services. It was caused by their management's unwillingness to understand and face the risks of the investments they made. And while the names of the players will change, we firmly believe the future growth of the financial services industry (and the overall market) is assured.

 In the face of these uncertain times, there is no substitute for experience and discipline. Together with our Investment Counsel, Scotia Cassels, we continue to manage the Global Educational Trust Plan funds on a conservative basis, with emphasis on capital preservation.

 Please consider that the investment parameters of this plan are quite stringent and allow for only certain types of investments. The plan is invested primarily in government securities, both federal and provincial issues. These issues carry very high credit ratings and are amongst the highest rated securities in the Canadian marketplace (in fact, the Government of Canada carries the highest AAA rating).

Taken from our August 28, 2008 Prospectus, the Global Plan RESP Portfolio Asset Allocation as at December 31, 2007 had 44% within Provincial Government Guaranteed Bonds, 34% within Government of Canada Guaranteed Bonds; 9% within Corporate Bonds, 10% within Principle Protected Notes (PPNs), and 3% in Cash & Short Term securities. Only income earned is invested within Corporate Bonds (Grade A or higher), never capital or grant contributions. PPNs are investments that guarantee your capital at a minimum so long as they are held to a minimum term.

The following is a current sample of some of the issuers held in our Plan investments mix, and their corresponding credit rating:

Issuer

DBRS Credit Rating

Government of Canada

AAA

Canada Housing Trust (Cdn Gov't Agency)

AAA

Province of Ontario

AA

Province of Quebec

A (high)

Province of Manitoba

A (high)

Province of British Columbia

AA (high)

As you can see from the above chart, the credit quality in the plan is very strong. In fact, the lowest credit rating of the issuers currently in the Plan is the Province of Manitoba or the Province of Quebec (both rated A (high)). In addition, the plan is well diversified with limited exposure to any single, non-government issuer (currently less than 2.5% each).

Scotia Cassels continues to perform due diligence on all issuers held and any investments for potential consideration in the Global RESP.

At Global we subscribe to the belief that Every Dream Needs a Plan , and our Plan is designed and managed to allow parents and grandparents alike to make a financial promise to their children, and to realize this promise. We call it Peace of Mind .

Partnering with parents for a brighter tomorrow…Global Educational Marketing Corporation.

Media inquiries, please contact:

Maja Begovic or Rudy Bartolome
Marketing and Communications
Global family of companies
Tel: (416) 741-7377 ext. 3501
Fax: (416) 741-8987
Email: media@globalfinancial.ca

 
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