CNSX Invites Listed Companies to Switch

 January 6, 2009

Canadian National Stock Exchange (CNSX) invites listed companies to switch

CNSX offers superior listing model, state of the art trading platform and, for existing listed companies, a reduced listing fee of $2,000

TORONTO – January 6, 2009 – CNSX Markets Inc. today announced a new initiative to highlight the superior value proposition of being listed on the Canadian National Stock Exchange. This initiative emphasizes two of the major benefits for listed companies of switching to CNSX: CNSX’s streamlined regulatory model and the fixed maintenance fee of just $300 per month. As an additional incentive to switch, CNSX is offering all companies listed on another Canadian stock exchange a reduced initial listing fee of just $2,000 for all applications received on or before March 31, 2009 (the standard CNSX initial listing fee is $10,000).

Companies list on CNSX for a variety of reasons. In today’s market conditions, a move to CNSX is particularly attractive for companies that are contemplating a transaction or restructuring that will likely require pre-vetting and additional filing and transaction fees on the company’s current exchange.

A significant number of companies (for example, Thunderbird Resorts Inc. [TBI.U] and Glenbriar Technologies Inc. [GTI]) have already recognized the CNSX advantage and switched their listing to CNSX. This initiative follows the successful migration of CNSX-listed issuers to a new trading platform, the same high performance trading engine used by Pure Trading, CNSX Markets’ other facility, which is trading between 10 and 15 million shares per day.

“Full disclosure, reporting and corporate governance obligations are now prescribed by securities law and CNSX requires listed issuers to be fully compliant,” said William Woods, CNSX’s Managing Director, “but otherwise we do not engage in the time consuming and potentially deal-delaying practices of pre-vetting and prior review of transactions.”

“CNSX’s modern and effective regulatory regime saves considerable costs in terms of management’s time, listing fees and related costs. Companies that have switched their listing to CNSX have also gone on to raise additional capital while listed here. CNSX has thus created a superior level of efficiency without compromising disclosure standards or transparency. In short, we have reduced red tape and we don’t “nickel and dime” listed companies with fees for every filing and/or transaction,” added Woods.

In difficult market conditions, the CNSX advantage can be the critical factor that enables a company to stay listed and build shareholder value by allowing management to seize new opportunities without undue delay.

CNSX has posted on its website (www.cnsx.ca) a memorandum entitled “Switching your Listing to CNSX” to assist companies in understanding how easy the process of switching a listing is, and to highlight the low fees involved. A switch can take as little as 15 business days to complete, a company can use its existing public disclosures to create the application, and CNSX does not require an application to be sponsored, providing further cost reductions. CNSX charges a fixed maintenance fee of just $300 per month ($3,600 per annum) – with no additional filing or transactions fees being payable. Combined with the reduced initial listing fee of $2,000 a listed company that switches to CNSX will pay $5,600 to be listed on CNSX in the first year – irrespective of the number of filings and/or transactions made during the year.

For more information, please contact

CNSX Markets Inc.

William Woods – Managing Director

T: (416) 572-2000 x 2636 E: [email protected]

Richard Smith – Listings Manager, Vancouver

T: (604) 331-1213 x 227 E: [email protected]

Or visit our website: www.cnsx.ca

For more information on CNSX listing requirements, please also feel free to contact our listing department directly: [email protected]