The Griffin Corporation announces completion of going private transaction

    KITCHENER, ON, Jan. 22 /CNW/ - The Griffin Corporation (TSX Venture
Exchange "GRN") ("Griffin" or the "Company") announces that it has completed
its previously announced going private transaction which was completed by way
of plan of arrangement between Griffin and Zayma Realty Holdings Inc., a
corporation controlled by Griffin's Chief Executive Officer and his immediate
    Subject to regulatory approval, Griffin will request a voluntary
delisting of its common shares from trading on the TSX Venture Exchange in
accordance with the TSX Venture Exchange policies and also apply to cease to
be a "reporting issuer" pursuant to applicable securities laws.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Irwin W. Pasternak at (519) 744-4400; visit
Griffin's website at; or by mail at 73 King Street
West, 2nd Floor, Kitchener, ON, N2G 1A7

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