NEW YORK, Jul 7, 2008 (Canada NewsWire via COMTEX) ----Loring Ward International Ltd. ("Loring Ward" or the "Company") (TSX: LW) today announced that Werba Reinhard, Inc. ("WRI") has, following being provided with access for due diligence purposes, submitted a written proposal to acquire, by way of a plan of arrangement, all of the outstanding shares of Loring Ward for US$17.50 per share in cash payable in U.S. dollars, on terms substantially similar to those of the previously announced US$16.50 offer of Friedman Fleischer & Lowe Capital Partners II, L.P. ("FFL").

Loring Ward's Special Committee of the Board of Directors intends to negotiate such proposal with WRI to determine if it can become a firm offer that Loring Ward could treat as a Superior Proposal under the terms of the existing definitive agreement with FFL (the "FFL Arrangement Agreement"). There can be no assurance that WRI will in fact make a firm offer to shareholders, or if it does, as to the price, terms or conditions thereof. In the event that WRI does make an offer that the Board determines constitutes a Superior Proposal which Loring Ward wishes to accept, FFL would have the right, but not the obligation, to match such offer by WRI within a five business day period.

The Committee and the Board as a whole confirm that they continue to support the FFL Arrangement Agreement and confirm their unanimous conclusion and recommendation that shareholders should vote in favour of the FFL transaction, under which all of the shares of the Company are proposed to be acquired by FFL at a price of US$16.50 per share. The Agreement with FFL remains in full force and effect at this time.

About Loring Ward

Loring Ward International Ltd. provides in its core business a turnkey asset management program to some of America's most knowledgeable and successful investment advisors and their clients. These services include investment strategies and products, back office operational processing, education and training, and business development support. The Company's U.S. corporate offices are headquartered in New York. For more information, please visit www.loringward.com.

The Company, in the ordinary course of its business, may explore potential proposals or be the recipient of proposals with respect to strategic opportunities and transactions, which may include strategic joint venture relationships, significant debt or equity investments in or by the Company, the acquisition or disposition of material assets or business lines, mergers, new products or services, new distribution methods and other similar strategic opportunities or transactions. The Company's policy is generally not to publicly disclose the pursuit of a potential strategic opportunity or transaction unless and until a definitive binding agreement is reached. The public announcement of such matters could potentially materially affect the price or value of the Company's securities. As a result, there can be no assurance that investors who buy or sell the Company's securities are doing so at a time when the Company is not pursuing a particular strategic opportunity or transaction that, if publicly disclosed, could materially affect the price or value of the Company's securities.

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Forward-looking statements may include those relating to the Company's objectives and strategies, as well as statements of our beliefs, plans, expectations and intentions. Implicit in this information are assumptions regarding future revenue and expenses, economic conditions, and the results of pending litigation involving the Company, as well as our business strategy, expectations, intentions, and other matters. These assumptions may prove to be incorrect, and actual outcomes and results, including the future operating results and economic performance of the Company, may differ materially because of many factors, including those discussed in this press release and in our other public filings. For more information on these risks and uncertainties you should refer to our detailed Management's Discussion and Analysis, which is available at www.sedar.com. Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company disclaims any intention or obligation to update the information in this press release or revise any other forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

SOURCE: Loring Ward International Ltd.

Robert
   Herrmann, Phone: (212) 907-8080, E-mail: info@loringward.com 

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