Parkit Enterprise Inc.TSXV: PKT

The Griffin Corporation announces completion of going private transaction

· Issued by Parkit Enterprise Inc. via CNW

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 family.

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.