ComWest Enterprise Corp.

July 31, 2014 09:00 ET

ComWest Enterprise Announces Change of Name

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2014) - ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) (the "Company") announces that it is changing its name to Unisync Corp. The name change is intended to provide a name and identity that better reflects the national base of its underlying businesses, which includes its 90% limited partnership interest in Peerless Garments LP ("Peerless") based in Winnipeg, MN and the newly acquired Ontario based Unisync Group Limited ("Unisync Group") with a satellite operation in Calgary, Alberta.

Peerless and Unisync Group together represent a vertically integrated and unique Canadian enterprise with exceptional capabilities in domestic manufacturing and off- shore outsourcing. Peerless has a long history as prime contractor in the design, development and manufacture of highly technical garments to all three branches of the Department of National Defence. The addition of the Unisync Group provides an established state-of-the-art web based B2B ordering, inventory management and distribution system capable of providing quality managed inventory programs and adding scale at reasonable marginal costs. The combined client base stretches across a broad spectrum of Federal, Provincial and Municipal government departments and agencies such as the various departments of the Armed Forces, the RCMP, as well as a list of leading Canadian corporations in a variety of industries.

The name change has been approved by the Company's board of directors and accepted by the TSX Venture Exchange and will be effective August 1, 2014. The Company's trading symbols and CUSIP/ISIN numbers will be changed as follows:

Share Class Old Symbol Old ISIN New Symbol New ISIN
Class A Restricted Equity CWP.A CA2058923004 UNI.A CA90922H1082
Class B Common CWP CA2058924093 UNI CA90922H2072

The Company also announces that it has received the final acceptance of the TSX Venture Exchange to the previously announced non-brokered private placement of 1,170,000 Class A restricted equity shares that were issued at a price of $1.50 per share for gross proceeds of $1,755,000. All shares issued under the private placement are subject to a restricted period that will expire four months after the issuance date.


Douglas F. Good, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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