yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
Red Hat
The Opening of Virtualization
User Environment Management – The Third Layer of the Desktop
Cloud Computing for Business Agility
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Return on Assests: Bringing Visibility to your SOA Strategy
Managing Hybrid Endpoint Environments
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
How Can AJAX Improve Homeland Security?
Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
Today's Top SOA Links

Working Opportunity Fund Gives Update on Portfolio Developments and Extends Closure of Venture Series Sales and Redemptions Until April 30, 2013

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/14/12 -- Working Opportunity Fund (EVCC) Ltd. (the "Fund") provided updates on previously announced developments concerning two of the Fund's portfolio companies and the extension of the closing of Venture Series sales and redemptions until April 30, 2013. These portfolio developments consist of the conclusion of litigation affecting a significant portfolio holding and advanced negotiations towards a potential sale of one of the Fund's largest portfolio positions at a significant increase to the Fund's carrying value.

The legal dispute involving one of the Fund's portfolio companies was settled out of court in the portfolio company's favour, resulting in an increase in the value of the shares held by the Fund in the portfolio company. The Fund has sold some of its position in the portfolio company.

Negotiations on the potential sale of a portfolio company representing one of the Fund's largest portfolio holdings are proceeding favourably, however it is unlikely that the transaction will complete during 2012 (the "Portfolio Development"). The Fund continues to believe that a successful transaction could result in an increase of approximately 20% in the Fund's Venture Series share values. Given the potential impact of the Portfolio Development on the Fund's liquidity and net asset value and the uncertainty regarding whether and when the transaction will complete, the Board of Directors of the Fund has determined that it is in the best interests of the Fund's shareholders to extend the closure of sales and redemptions of Venture Series shares to allow events surrounding this potential sale transaction to unfold. It is expected that redemptions will be closed until April 30, 2013, as permitted under the Fund's Articles, although the Board may elect to extend the closure or resume sales and redemptions at an earlier date if the potential sale transaction is concluded prior to April 30, 2013.

The Fund continues to experience significant liquidity pressure due to constrained exit markets in 2011 and 2012, a challenging capital raising climate and ongoing share redemptions. Closing Venture Series sales and redemptions in November was based on a decision to continue to hold the liquid portfolio holding pending conclusion of the Portfolio Developments, as the Fund worked to maximize the value of its holdings and ease liquidity pressures. These same factors continue to inform the Board's decision on the extension of the closure of the Venture Series sales and redemptions to April 30, 2013.

With the extension of the closure of Venture Series share sales, shareholders with switch rights still may not switch one series of Venture Series shares for another. The extension of the closure affects only new purchases, switches and redemptions of the Fund's Venture Series shares and does not affect the Fund's Commercialization Shares, sales of which are scheduled to resume in January 2013, offering eligible investors in British Columbia tax credits and a dividend policy that calls for the payment of $2.50 per share of dividends over three years.

The Board of Directors of the Fund believes the extension of the closure of sales and redemptions of Venture Series shares is in the best interests of all shareholders given the range of possible outcomes that may flow from the remaining Portfolio Development and related impact on the Fund's liquidity and net asset value. Nick Worhaug, a Director of the Fund, commented, "We believe that it is prudent to extend the closure of sales and redemptions of Venture Series shares at this time to allow the potential sale transaction to advance to a conclusion. The Fund is continuing to work hard to maximize the value of its portfolio companies for its shareholders."

The Fund will make further announcements as material events surrounding the Portfolio Development unfold. There can be no assurance that the Portfolio Development will result in enhanced liquidity or will ultimately result in positive outcomes for the Fund. There can also be no assurance that the Fund will resume weekly Venture Series share sales or redemptions. These outcomes are subject to risks and uncertainties. See "Forward Looking Statements" below.

About GrowthWorks(i) ( GrowthWorks(TM) managed funds provide investment capital for Canadian companies and tax-advantaged investment opportunities for Canadian investors through the Working Opportunity Fund (EVCC) Ltd., GrowthWorks Atlantic Venture Fund Ltd., GrowthWorks Commercialization Fund Ltd. and GrowthWorks Canadian Fund Ltd. GrowthWorks identifies, analyzes and structures investments in companies with high growth potential. Particular emphasis is placed on IT, Life Sciences and Cleantech sectors. Building on more than 19 years of investment expertise, GrowthWorks is a leader in Canadian venture capital management. GrowthWorks is a registered trademark of GrowthWorks Capital Ltd.

Forward Looking Statements: This press release contains forward looking statements about future possible transactions in the Fund's portfolio, the possible resumption of the Venture Series share redemptions and sales and the impact of the Portfolio Development on Fund's net asset value and cash position. These statements are based on beliefs and assumptions of management of the Fund at the time the statements are made, including beliefs and assumptions about the portfolio company affected by the Portfolio Development, future market conditions and future levels of divestment activity and Venture Series redemption requests. These beliefs and assumptions are subject to known and unknown risks and uncertainties, including risks and uncertainties associated with volatility of market conditions and, in turn, the climate for divestment activity, outcomes of negotiations surrounding the sale of portfolio companies, other factors affecting the performance of portfolio companies, valuations of portfolio companies, financing needs of portfolio companies and the availability of capital to satisfy such financing needs and other risks and uncertainties disclosed in the Fund's most recently filed prospectus and other regulatory filings posted on SEDAR at These risks and uncertainties may cause actual results, events or developments to be materially different from those expressed or implied by such forward-looking statements. Unless required by law, neither the Fund nor its manager assumes any obligation to update any forward-looking statements or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results or other factors.

(i) GrowthWorks refers to GrowthWorks Ltd. and: GrowthWorks Capital Ltd., manager of the Working Opportunity Fund (EVCC) Ltd.; GrowthWorks WV Management Ltd., manager of GrowthWorks Canadian Fund Ltd. and GrowthWorks Commercialization Fund Ltd.; and GrowthWorks Atlantic Ltd., manager of GrowthWorks Atlantic Venture Fund Ltd.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund purchases. Please read the Fund's prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Dividends on Commercialization Series shares are not guaranteed.

GrowthWorks Capital Ltd.
David Levi
President & CEO
(604) 895-7253

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
Carii’s platform fills the communication gap between public social apps like Facebook and Twitter and internal, private apps like Microsoft Office and team collaboration tools. Currently businesses, educational institutions and healthcare organizations cobble together their communicati...
In today’s pharmaceutical supply chain, counterfeit activity is thriving. As pharma companies have expanded target markets and outsourced production over the last decade, the supply chain has become increasingly global, virtual, and vulnerable. Illicit activity has thrived, and patient...
This is how a typical software product lifecycle works : You gather requirements, build a prototype, detail out the architecture and design, develop the product, test it, deploy the product, handle migration and maintenance and ensure product support. This is a closed loop where the Pr...
Intuit uses deep-data analytics to gain a 360-degree view of its TurboTax application's users’ behavior and preferences for rapid applications improvements. The next BriefingsDirect big-data innovation case study highlights how Intuit uses deep-data analytics to gain a 360-degree view...
Here’s the thing: as sure as we’ll have another record-setting year for NFL streaming, you can also be sure that apps will fail and streaming services will go down. Whether you are dabbling in streaming or diving in whole-hog, you need to know what to do to give your users the most rel...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers