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CWP.A

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Share Name Share Symbol Market Type
TSXV:CWP.A TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ComWest Enterprise Announces Normal Course Issuer Bid

01/12/2011 10:18pm

Marketwired Canada


ComWest Enterprise Corp. (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) ("ComWest") is
pleased to advise that the TSX Venture Exchange ("TSXV") has accepted ComWest's
Notice of Intention to make a normal course issuer bid ("NCIB") for up to 5% of
its outstanding Class A and Class B shares. ComWest believes that the current
market conditions provide opportunities to acquire its common shares at
attractive prices that do not reflect the underlying value and that the purchase
of common shares for cancellation is an appropriate use of corporate funds that
will increase the proportionate interest of, and be advantageous to, all
remaining holders of common shares.


The NCIB will consist of the purchase, from time to time, if and to the extent
that ComWest considers it advisable, of up to 404,200 Class A and 112,800 Class
B shares. Purchases will be made through the facilities of the TSXV. Purchase
and payment for the securities will be made by ComWest in accordance with TSXV
requirements and the price which the Issuer will pay for any securities acquired
by it will be the market price of the securities at the time of acquisition.
There are currently 8,084,301 Class A and 2,256,898 Class B shares outstanding.


The NCIB will commence on December 6, 2011 and terminate on November 30, 2012 or
such earlier date as the NCIB is completed or terminated at the option of
ComWest.


ON BEHALF OF THE BOARD 

Douglas F. Good, President

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