CWAL Investments Ltd. acquires common shares of Coast Wholesale Appliances Inc.

VANCOUVER, Sept. 7, 2011 /CNW/ - CWAL Investments Ltd., c/o 8488 Main Street Vancouver, British Columbia V5X 4W8 (the "Offeror") has purchased 132,200 common shares of Coast Wholesale Appliances Inc. (the "Company") representing approximately 1.3% of the outstanding common shares for cash consideration of $2.70 per common share.  The Offeror presently holds 3,532,999 common shares of the Company and following the purchase of the additional common shares will have beneficial ownership of and control and direction over an aggregate of 3,665,199 common shares, representing approximately 36.6% of the outstanding common shares of the Company.

The Offeror purchased the common shares through the facilities of the Toronto Stock Exchange.  The Offeror acquired the common shares for investment purposes. The Offeror has relied on the exemption from the formal take over bid requirements set out in section 4.1 of National Instrument 62-104 Take Over Bids and Issuer Bids and section 100 of the Securities Act (Ontario).  The common shares purchased are not more than 5% of the outstanding common shares of the Company and the aggregate number of common shares purchased by the Offeror within the prior 12 month period does not exceed 5% of the outstanding common shares outstanding at the beginning of such 12 month period.  The purchase price for the common shares does not exceedthe "market price" of the common shares  as determined in accordance


SOURCE CWAL Investments Inc.

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CWAL Investments Inc.

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