Look Communications announces transfer to NEX

TORONTO, Nov. 23, 2011 /CNW/ - Look Communications Inc. ("Look" or the "Company") today announces the transfer of its listing from the TSX Venture Exchange (the "TSXV") to the NEX board of the TSXV (the "NEX"), as a result of Look no longer carrying on an active business following the sale of its spectrum business in 2009.  Look's multiple voting shares and subordinate voting shares will commence trading on the NEX effective November 25, 2011 under the symbols "LOK.H" and "LOK.K", respectively.

Look's management continues to pursue its ongoing strategy of attempting to preserve capital, maximize the value of the Company's remaining assets and capitalize on options for maximizing returns to the Company's shareholders.  Look does not expect the transfer of its listing to the NEX to materially impact its strategy.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. The words "may", "attempt", "expect", "will" and similar expressions are intended to identify forward-looking information. Such information reflects Look's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements that may be expressed or implied by such forward-looking statements to vary from those described herein should one or more of these risks or uncertainties materialize. In addition, there can be no assurance with respect to the outcome of litigation. In particular, there can be no assurance that Look will identify any particular options for maximizing shareholder returns or that the transfer of its listing to the NEX will not materially impact the Company's strategy. Except as required by law, Look does not assume any obligation to update or revise the forward looking statements contained in this press release to reflect actual events or new circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Look Communications Inc.

For further information:

Grant McCutcheon, Director, Look at (905) 660-8100/ (LOK. LOK.A.)

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