Hartco Inc.

Hartco Inc.

January 28, 2014 09:58 ET

Hartco Announces Review of Strategic Options

MONTREAL, CANADA--(Marketwired - Jan. 28, 2014) - Hartco Inc. ("Hartco" or the "Company") (TSX:HCI) today announced that its Board of Directors has initiated a process to identify strategic options available to the Company with the goal of maximizing shareholder value.

The decision to review strategic options follows the decision of Harry Hart, Hartco's founder and Executive Chairman, to sell his majority stake in the Company.

A Strategic Review Committee of the Board, comprising the Company's independent directors, has been formed to oversee the strategic review process. Hartco has engaged Jacob Securities Inc. as its advisor in connection with the review process.

About Hartco Inc.

Hartco Inc. (TSX:HCI) has been a leader in the Canadian information technology business for more than thirty years. Through its operating divisions, which together include close to 50 locations across Canada, Hartco Inc. delivers information technology solutions to private and public sector organizations of every size. For more information, please visit www.hartco.com.

Forward-Looking Statements

This news release contains forward-looking information. Such statements are subject to assumptions, risk and uncertainty, including those discussed in our filings with Sedar. Actual results or events may vary materially. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information