JPY Holdings Ltd. cease trade orders revoked

    VANCOUVER, Oct. 31, /CNW/ - JPY Holdings Ltd. ("JPY") announces that the
British Columbia, Alberta and Ontario securities commissions have revoked
their cease trade orders against JPY effective October 29, 2007, October 29,
2007 and October 31, 2007, respectively. JPY's common shares were delisted
from the NEX Board of the TSX Venture Exchange on March 31, 2005 for failure
to pay fees.
    JPY further announces that following the revocation of the cease trade
orders, JPY will undertake a reorganization under the Canada Business
Corporations Act ("CBCA"), subject to regulatory approval. Details of the
continuance under the CBCA are described in JPY's management information
circular which has been filed on SEDAR and mailed to shareholders in
connection with the annual and special meeting of shareholders held on
September 27, 2007. Although JPY currently has no active business, JPY intends
to try to attract capital investment and commence viable business operations
in the near future.

For further information:

For further information: Patrick Lawless, Chief Financial Officer and
Secretary,, (604) 689-1515

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