Trading Symbol: PIH

NELSON, BC, Jan. 10 /CNW/ - Pacific Insight Electronics Corp. (the "Company") wishes to announce that it is proceeding with a Normal Course Issuer Bid ("NCIB") to repurchase up to 400,000 previously issued common shares, and has filed the applicable notice with the Toronto Stock Exchange (the "Exchange") in accordance with Exchange policies. The Company's current issued and outstanding share capital is 5,937,417 common shares (the "Issued Shares") of which 4,510,866 common shares are determined to be held by the public and not subject to pooling, escrow or resale restrictions (the "Public Float"). The Company is permitted to repurchase in a 12 month period, through open market purchases, up to a maximum of the greater of 5% of its Issued Shares, being 296,870 common shares, and 10% of its Public Float, being 451,086 common shares. The 400,000 common shares that the Company may repurchase pursuant to the NCIB represents approximately 6.737% of the Issued Shares or 8.867% of the Public Float. The Company could have, if it elected to do so, based upon market and investment considerations, acquired up to 451,086 common shares, representing 10% of the Company's Public Float as at the date hereof, on the open market through the facilities of the Exchange. Daily purchases by the Company under the NCIB will not exceed 1,000 common shares, being the greater of 25% of the average daily trading volume of the Company's listed shares on the Exchange for the past six months, or 1,000 shares, subject to block purchase exceptions. In accordance with Exchange policies, the duration of the NCIB will be no more than one year, commencing January 13, 2011 and ending January 12, 2012. Purchases made pursuant to the NCIB will be made by Raymond James Ltd. on behalf of the Company.

The Company is proposing to purchase its own common shares for its own corporate purposes and reasons, including the ability to acquire its common shares at prices that are favorable. The repurchase by the Company of any of its common shares should not be deemed or construed as a recommendation to purchase any of its common shares or an indication of the present or future value of the Company's common shares. Any shares purchased by the Company will be cancelled.

The Company did not purchase any of its common shares under its preceding NCIB which commenced on June 4, 2009 and expired on June 3, 2010.

A comprehensive overview of the Company and its products and services can be viewed on the Company's website at

SOURCE Pacific Insight Electronics Corp.

For further information:

please contact the Company at or 1-800-995-1155, or see our profile on SEDAR at

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