Synergex Corporation
TSX : SYX

Synergex Corporation

January 26, 2011 21:00 ET

Synergex Corporation Applies for Voluntary Delisting from the Toronto Stock Exchange and Seeks Listing on the TSX Venture Exchange

MISSISSAUGA, ONTARIO--(Marketwire - Jan. 26, 2011) - Synergex Corporation (TSX:SYX), a provider of international logistics and distribution services, announced today that it has applied to the Toronto Stock Exchange (the "TSX") for a voluntary delisting of its common shares from the TSX. The Company is applying to have its common shares listed on the TSX Venture Exchange and it understands that if it has not voluntarily delisted from the TSX by February 24, 2011 that the TSX may delist the common shares of the Company.

The Company is working on bringing itself into regulatory compliance and shall forthwith apply for a lifting of the cease trade order on its common shares. At this time, the Company feels that the compliance and market capitalization requirements of the TSX-V would be a more suitable venue for the trading of the Company's common shares.

About Synergex Corporation

Synergex is an international service provider of comprehensive supply chain management services in 6 countries across the Americas, specializing in logistics services, distribution, licensing, sales, localization, packaging and marketing of digital entertainment products. Headquartered in Mississauga, Ontario, with operations across North, Central and South America, Synergex serves a broad base of customers that includes a number of multinational enterprises. Synergex is listed on the Toronto Stock Exchange and trades under the symbol SYX. For further information, please visit www.syx.ca.

Forward‐Looking Statements

Some of the statements contained in this news release may be forward‐looking statements such as the Company's future plans, objectives and goals. The statements that are not historical facts are forward‐looking statements involving known and unknown risks and uncertainties, which could cause actual results to vary considerably from these statements.

Contact Information

  • Synergex Corporation
    David Aiello
    President and Chief Executive Officer
    905-565-1212
    david.aiello@syx.ca