NORWALL GROUP INC. REPORTS RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010

BRAMPTON, ON, Nov. 29 /CNW/ -- 
BRAMPTON, ON, Nov. 29 /CNW/ - Norwall Group Inc., one of North America's
 largest converters and distributors of residential wallcovering,
 announced today its financial results for the nine months ended
 September 30, 2010.


Sales for the quarter ending of 2010 were $10,586,000, down $8,303,000
 or 44.0% as compared to the same period in the previous year. The nine
 month net loss was $4,433,000 or $(0.62) per share as compared to the
 net loss of $4,023,000 or $(0.56) for the comparable period last year. 


The Company has issued a Management Information Circular on November 3,
 2010 proposing a special Shareholder meeting be held on December 3,
 2010 to consider and pass a resolution authorizing the filing of
 articles of amendment in order to consolidate the outstanding common
 shares of the Company which will in effect "privatize the Company. The
 Company will concurrently apply to have its shares de-listed from the
 Toronto Venture Exchange and will also apply to the securities
 regulatory authorities to cease to be a reporting issuer in each
 province in which it is currently a reporting issuer.  The complete
 Management Information Circular is available on SEDAR.


Norwall Group (TSXV:NGI) manufactures quality residential wallpapers and
 borders and distributes them to thousands of home centres, specialty
 stores and mass merchants in Canada and through its wholly-owned
 operating subsidiary, Patton Wallcoverings, in the United States.


This Press Release contains forward-looking statements reflecting
 management's current expectations regarding future results of
 operations, economic performance, financial conditions, and
 achievements of the Company.  Actual results may differ materially from
 those in such statements.  The Company wishes to caution the reader
 that those important factors described elsewhere in the management's
 discussion and analysis of operations  could affect the Company's
 actual results and could cause such results to materially differ from
 those expressed in any forward-looking statement made by, or on behalf
 of, the Company.

%SEDAR: 00002584E



table border="0"trtd(905) 791-2700br/ br/ James J. Patton/td td valign="bottom" align="left"Edward Diochon/td/tr trtdPresident and Chief Executive Officer/td td valign="bottom" align="left"Vice President of Finance/td/tr trtda href="mailto:[e-mail]"[e-mail]/a/td td valign="bottom" align="left"a href="mailto:[e-mail]"[e-mail]/abr//td/tr/table

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