Bestar Inc.
TSX : BES

Bestar Inc.

November 03, 2009 12:44 ET

Bestar Common Shares to Trade on CNSX and De-List From TSX

LAC-MEGANTIC, QUEBEC--(Marketwire - Nov. 3, 2009) - Bestar Inc. (CNSX:BES)(TSX:BES) today announced that the Canadian National Stock Exchange (the "CNSX") has accepted to list the common shares of Bestar. The company's common shares will be posted for trading on the CNSX at the opening of the market on November 6, 2009 under the symbol "BES".

As previously-announced (see Bestar's press release dated October 9, 2009), Bestar has been advised by the Toronto Stock Exchange (the "TSX") that the company was under review as the market value of its publicly-held securities has been below two million dollars for more than twenty consecutive trading days. The TSX has given Bestar until October 30, 2009 to comply with all of the listing requirements of the TSX. As the company's market value has not improved, at the request of the Corporation, the common shares of Bestar will be de-listed from the TSX at the close of business on November 6, 2009.

Management and the Board of Directors have determined that the CNSX is the most appropriate organized market on which the common shares of Bestar should trade at this stage of the company's development.

Shareholders of Bestar will be able to retrieve quotation for Bestar's common share using CNSX' website at cnsx.ca and the following financial information websites: globeinvestor.com; stockwatch.com; stockhouse.com; financialpost.com; and quotemedia.com.

The move from the TSX to CNSX does not require any action from the part of shareholders.

About Bestar

Founded in 1948, Bestar Inc. designs, manufactures, and distributes a vast array of ready-to-assemble furnishings that meet customer needs in terms of quality, design, and functionality. In recent years, Bestar has specialized in office furniture and distributes its products mainly in the United States and Canada. In order to offset a decrease in sales, Bestar developed a new business plan in 2006, which includes the fabrication of components.

The company became public in 1986 and operates from its plant in Lac-Megantic, Quebec, Canada. More information about Bestar can be found on our website at www.bestar.ca or under the company's issuer profile on SEDAR at www.sedar.com.

Contact Information

  • Bestar Inc.
    Paulin Tardif
    Chairman of the Board
    President and Chief Executive Officer
    819-583-1017