NORWALL GROUP INC. ANNOUNCES COMPLETION OF GOING PRIVATE TRANSACTION

TORONTO, Dec. 9 /CNW/ -- 
TORONTO, Dec. 9 /CNW/ - Further to its news releases dated October 21
 and December 1, 2010, Norwall Group Inc. (TSX Venture: NGI) ("Norwall"
 or the "Company") announced today that it has completed its going
 private transaction by way of a share consolidation (the
 "Consolidation") on the basis of one post-Consolidation common share
 for every 3,739,155 common shares held immediately prior to the
 Consolidation.


Patton Wallcoverings, LLC, a Florida limited liability company
 wholly-owned and controlled, directly or indirectly, by James J.
 Patton, Norwall President and CEO, and Bruce Mitchell, a former control
 block shareholder of Norwall, is now the sole remaining Norwall
 shareholder holding at least one whole common share.


Shareholders who held fractional shares upon completion of the
 Consolidation (collectively, "Minority Shareholders") will receive a
 cash payment of $0.93 per pre-Consolidation common share on account of
 such fractional shares.


The Consolidation was duly approved by shareholders at a special meeting
 held on December 3, 2010, and articles of amendment effecting the
 Consolidation were filed on December 8, 2010.


Concurrent with the completion of the Consolidation, Norwall has applied
 to the TSX Venture Exchange for permission to delist its common shares.
 The delisting is anticipated to take effect in the coming days. Norwall
 is also filing applications with the relevant provincial securities
 commissions to cease to be a reporting issuer.


Also, further to its press release of December 1, 2010, Norwall wishes
 to announce that the motion brought against Norwall, Patton
 Wallcoverings, Inc., Patton Wallcoverings, LLC and James J. Patton,
 Norwall's Chairman, President and C.E.O. alleging, among other things,
 that Norwall breached the terms of exclusive distribution contracts
 purportedly entered into between Norwall and certain of its
 distributors (the "Plaintiffs") and requesting injunctive relief, was
 dismissed in its entirety by the Ontario Superior Court of Justice.
 Norwall believes that all of the allegations made by the Plaintiffs are
 without merit and will continue to vigorously defend the action.


About Norwall


Norwall designs quality residential wallpapers and borders and
 distributes them to specialty stores and mass merchants in Canada and
 through its wholly-owned operating subsidiary, Patton Wallcoverings, in
 the United States and in 52 countries worldwide.


Forward-looking statements


Certain statements included in this release contain words such as
 "could", "expects", "expectations", "may", "anticipates", "believes",
 "intends", "estimates" and "plans" (and similar expressions) and
 constitute "forward-looking statements" within the meaning of
 applicable securities law. These statements are based on Norwall's
 current expectations, estimates, forecasts and projections about the
 operating environment, economies and markets in which Norwall and its
 subsidiaries operate. Such forward-looking statements involve known and
 unknown risks, uncertainties and other factors which are difficult to
 predict and may cause the actual results, performance or achievements
 of Norwall, or outcomes or results, to be materially different from any
 future results, performance or achievements expressed or implied by
 such forward-looking statements. Such factors include, among others,
 such factors which are described in Norwall's management's discussion
 and analysis of operations and other filings with Canadian regulatory
 authorities. These statements, although considered reasonable by
 Norwall at the date of this press release, may prove to be inaccurate
 and consequently Norwall's actual results could differ materially from
 its expectations as set out or implied in this release. Unless
 otherwise required by applicable securities laws, Norwall disclaims any
 intention or obligation to update or revise any forward-looking
 statements.









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pJames J. Patton, President and Chief Executive Officer at (905)  791-2700, (a href="mailto:[e-mail]"[e-mail]/a); or Edward Diochon, Vice President of Finance at [phone], (a href="mailto:[e-mail]"[e-mail]/a)/p

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