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Press release from Marketwire

Gendis Inc. Announces Receipt of Funds from Tax Settlement

Tuesday, December 13, 2011

Gendis Inc. Announces Receipt of Funds from Tax Settlement13:38 EST Tuesday, December 13, 2011WINNIPEG, MANITOBA--(Marketwire - Dec. 13, 2011) - Gendis Inc. (TSX:GDS) is pleased to announce today that it is in receipt of $11,232,403.11 in funds from its previously announced settlement with the Canada Revenue Agency related to the 1995 sale of its shares in Sony of Canada Ltd.FOR FURTHER INFORMATION PLEASE CONTACT: Mr. James E. CohenGendis Inc.President and Chief Executive Officer(204) 474-5200