Automodular Announces De-Listing by Toronto Stock Exchange and Application for Listing on NEX

PICKERING, ONTARIO--(Marketwired - July 16, 2015) - Automodular Corporation ("Automodular" or the "Company") (TSX:AM) announced today that the Continued Listing Committee of Toronto Stock Exchange (the "TSX"), following the previously announced 120-day Remedial Review Process, has determined that the Company no longer meets the criteria for continued listing on the TSX since the Company is not actively engaged in ongoing business. Accordingly, the Company's common shares will be de-listed from the TSX on August 14, 2015.

The Company also announces that it has applied to list its common shares on NEX, a separate board of the TSX Venture Exchange. Automodular believes that it satisfies all requirements for listing on NEX and is working with TSX and NEX to coordinate the listing of its common shares on NEX concurrent with the de-listing from the TSX.