Lyrtech Inc. to delist from TSX-V and transfer listing to NEX, following taking into payment of its assets by Finexcorp

QUEBEC CITY, Nov. 23, 2011 /CNW Telbec/ - Lyrtech Inc. ("Lyrtech" or the "Corporation") (TSXV: LTK) announces today that, further to the Nov 16/11 press release announcing that its assets have been taken into payment by Finexcorp, a secured creditor, the Corporation no longer has any assets / operations and is therefore a shell. As a result of this, the Corporation has been advised by the TSX Venture Exchange that its shares will be transferred to NEX, effective November 24.

NEX is a separate board of the TSX Venture Exchange for companies previously listed on TSX Venture Exchange or Toronto Stock Exchange which have failed to maintain compliance with the ongoing financial listing standards of those markets. NEX has been designed to provide a forum for the trading of publicly listed shell companies while they seek and undertake transactions in furtherance of their reactivation as companies which will carry on an active business.

All directors of the Corporation have remained in function. The Corporation is looking at different options to carry on active business and will provide updates in the following weeks. However, it cannot give any assurance that an active or liquid market for its common shares will develop or be sustained.

On its side, Finexcorp and its affiliates have indicated their intention to exploit the assets and support the operations that will continue. A new corporate entity will fulfill all of Lyrtech's contractual obligations and outstanding orders. They assure that customers and partners will know a seamless and rapid transition.

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


For further information:

Louis Belanger 
President and CEO
Lyrtech Inc.
(418) 877-4644

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