Electrohome To Be De-Listed From TSX
Kitchener, Ontario - September 20, 2005 -- Electrohome Limited announced today that it has been informed by
the Toronto Stock Exchange ("TSX") that its Class X voting shares (ELL.X) and its
Class Y non-voting shares (ELL.NV.Y) will be suspended from trading on the TSX at the
close of market on October 20, 2005 as Electrohome no longer meets some of the TSX
listing requirements regarding market capitalization. Alternative markets for its shares are
being examined as its shares will be de-listed from the TSX at the close of business on
November 19, 2005. Electrohome will continue to comply with its continuous disclosure
obligations.
Electrohome's business is principally that of a holding company with a 31% interest in
Mechdyne Corporation (operating as Fakespace Systems) which is the largest
international company operating exclusively in the advanced visualization marketplace
and a 6% interest in Immersion Studios Inc. which provides hardware and in-house
developed software for specialty digital interactive cinema and for unique simulations,
training venues and education forums. Electrohome also receives royalty income under
two licensing agreements for the use of the Electrohome brand name and trademarks. As
well, Electrohome may benefit from an interest in one small remaining piece of real
estate, its pension surpluses and tax losses. Electrohome's obligations primarily consist of
retirement benefits and the environmental remediation of a property occupied by one of
Electrohome's prior operations.
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For further information, contact John A. Pollock, Chairman and Chief Executive Officer or Gary Dumoulin, Vice-President and Secretary at (519) 749-3319.
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