QuStream Corporation

November 22, 2010 17:00 ET

Application for Voluntary Delisting of QuStream Shares from the TSX Venture Exchange and Change in Management

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2010) - QuStream Corporation ("QuStream" or the "Company") (TSX VENTURE:QVC), a provider of broadcast, Pro A/V and multimedia solutions, announces that it is applying to voluntarily delist its common shares from the TSX Venture Exchange (the "Exchange") pursuant to Policy 2.9 of the Corporate Finance Manual of the Exchange ("Policy 2.9").

The Company has concluded that the strategic business plan can be best executed with the delisting from the Exchange. Accordingly, the board of directors of the Corporation has approved the application to the Exchange for the voluntary delisting of its common shares from the Exchange (the "Delisting Application"). Pursuant to Policy 2.9, the Corporation is required to submit to the Exchange, among other things, evidence of the majority of the minority shareholder approval for the Delisting Application. The delisting is subject to the approval of the Exchange.

The Company also announces that Angelo Tullo, CFO and Vice President of Finance of QuStream, will transition his responsibilities to Ricky Ng, Corporate Controller of QuStream, and subsequently be appointed to the Advisory Committee of the Corporation.

Forward-Looking Statements:

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address QuStream's expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in the Company's filings with Canadian securities regulatory authorities, which in relation to this press release include, but are not limited to, the Exchange approval of the delisting, our strategic business plan and the change in management. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • QuStream Corporation
    Angelo Tullo
    CFO and VP of Finance
    +1 (905) 752-3700 (x201)