ELECTROHOME COMPLETES THE SALE OF THE CORPORATION'S TRADE-MARKS 

Kitchener, Ontario - January 2, 2008 -- Electrohome announced today that effective January 1, 2008 it has completed the sale of its trademarks and a related licensing agreement to SYNNEX Canada Limited, previously the major licensee using the trademarks.

The trademark assets were sold for $1,500,000. The sale was previously approved by shareholders on May 10, 2007. SYNNEX advanced Electrohome $600,000 over six months from July to December 2007. The advances, interest and fees were deducted from the purchase price, resulting in cash proceeds to Electrohome on closing of $887,000.

As a result of the sale, Electrohome will no longer receive any royalty income from trademarks.

Cash proceeds from the sale will be used to fund operations while Electrohome’s remaining assets and liabilities continue to be monetized and/or resolved.

Electrohome’s business is principally that of a holding company with a 31% interest in Mechdyne Corporation which is the largest international company operating exclusively in the advanced visualization marketplace. Electrohome’s obligations primarily consist of post-employment benefit costs and environmental remediation associated with a previously discontinued operation.

Electrohome’s shares are traded on the NEX board of the TSX Venture Exchange under the symbols ELL.H, Class X voting shares and ELL.K, Class Y non-voting shares. Trading data for these shares can be found on www.tsx.com/en/nex/index.html. Electrohome’s regulatory filings including its Annual Report, Audited Financial Statements, Management Discussion and Analysis, Proxy Information Circular, Annual Information Form and all other interim filings can be found on www.sedar.com. Also visit Electrohome’s website at www.electrohome.com.

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

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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.