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Press Release | Business

Press Release: OnePak Announces Intention to Delist

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Business

FOR IMMEDIATE RELEASE November 26, 2010

ONEPAK ANNOUNCES INTENTION TO DELIST FROM CNSX AND REMOVAL OF DIRECTOR

Orleans, Massachusetts, U.S.A, November 26, 2010 – OnePak, Inc. (the “Company”)(CNSX:
OPK) today announced that its Board of Directors has passed a resolution to request Canadian National Stock Exchange (CNSX) to withdraw the securities of the Company from listing.

Steven Andon, President of the Company, made the following statement: “After long and careful analysis of the relative costs and benefits, limited trading history, and discussion among Management and the Board, as well as consultation with its stakeholders, OnePak has decided to withdraw its listing on CNSX. The Company made a similar decision in the United States several months ago. The Board believes that the financial resources and valuable time of Management should be devoted exclusively to the Company’s growing business at this time. The Board has concluded that this decision is in the best interests of the Company’s stockholders.” The delisting and the effective date on which trading of the Company’s securities will cease on CNSX are subject to CNSX approval.

The Company also announced that the Company’s stockholders have voted to remove Philip G. Baker as a director of the Company, effective November 24, 2010

ABOUT ONEPAK, INC.

About OnePak
OnePak, Inc. is an environmental information technology company, uniquely specializing in the new regulatory‐driven niche of “e‐waste” management. The company has developed a patent‐pending process for capturing, tracking and managing asset data during the I.T. asset collection logistics process.
The Company’s primary clients are computer and electronics manufacturers, leasing companies, recyclers, and logistics providers. The Company’s cleantech logistics services and technologies help businesses comply with new “green” regulatory mandates affecting the safe handling and ecological disposal of obsolete electronics.

Visit www.OnePak.com for more information.

Special Note
Statements in this news release that relate to future results and events (including statements about future financial and operating performance) are forward‐looking statements based on the Company’s current expectations. Actual results and events in future periods could differ materially from those projected in these forward- looking statements because of a number of risks and uncertainties including: general economic, business and industry conditions; our ability to establish a cost advantage over our competitors; our ability to accurately predict product, customer and geographic sales mix and seasonal sales trends; information technology failures; our ability to properly manage the distribution of our products and services; our ability to attract, retain and motivate key personnel; and the effect of natural disasters and public health issues. For a discussion of those and other factors affecting the Company’s business and prospects, see the Company’s periodic filings with Canadian securities regulators. The contents of the Company’s web site are not incorporated by reference in this news release. The CNSX does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

CONTACT:
Investor Relations/Media Enquiries
Horacio R. Marquez , Director
IR@OnePak.com
Post Office Box 130
56 Main Street 2nd floor
Orleans, Massachusetts 02653
Telephone 888‐625‐6116 ext. 7
 


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