Hartco Inc.

Hartco Inc.

January 16, 2015 11:17 ET

Hartco Terminates Strategic Review Process

MONTREAL, CANADA--(Marketwired - Jan. 16, 2015) - Hartco Inc. ("Hartco" or the "Company") (TSX:HCI) today announced that its Board of Directors has ended the previously announced review of strategic options available to the Company, and that Mr. Harry Hart, the Company's Executive Chairman and majority shareholder, has decided to maintain his ownership position in Hartco.

Since announcing the strategic review process, the Strategic Review Committee of Hartco's Board of Directors has collaborated with its external advisors to identify prospects to acquire the Company. However, the Company has not identified a suitable buyer.

Following the decision to end the strategic review process, the Company will proceed with plans to focus and invest in resources to reinvigorate its business and fulfill its potential.

About Hartco Inc.

Hartco Inc. (TSX:HCI) has been a leader in the Canadian information technology business for more than thirty years and is the parent company of Metafore Technologies Inc. As one of Canada's leading IT solution providers, Metafore designs, supplies, installs and supports information technology solutions that contribute to improved productivity and overall business performance of private and public sector organizations of every size across Canada. For more information, please visit www.hartco.com or www.metafore.ca.

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.

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