ComWest Enterprise Corp. ("ComWest") (TSX VENTURE:CWP)(TSX VENTURE:CWP.A) is
pleased to announce a proposed consolidation and subsequent share split of its
Class A restricted equity and Class B common shares (collectively the "Equity
Shares") in order to eliminate the number of odd-lot shareholdings that have
evolved over the years in both classes of shares and reorganize its capital
structure to facilitate future business transactions.


Reasons for Restructuring

ComWest currently has outstanding 7,040,432 Class B common shares and 5,027,504
Class A restricted equity shares. Based on recent data, approximately 1,000,000
or 14.2% of the Class B shares are held by an estimated 4,300 shareholder
accounts with current holdings of fewer than 2,500 shares, representing an
average of approximately 232 Class B shares per holder. About 850,000 or 16.9%
of the Class A shares are held by an estimated 3,900 shareholder accounts with
current holdings of fewer than 2,500 shares, representing an average of
approximately 218 Class A shares per holder. The majority of Class A
shareholders are also Class B shareholders.


Shareholders with small or odd-lot holdings have had no cost effective option to
dispose of their shares. The consolidation proposal provides a cost effective
liquidity option for small shareholders to sell their holdings and liquidate
their investment on favorable terms, relative to current and recent market
trading prices without payment of brokerage fees that in many cases would be
more than their sale proceeds.


As a reporting issuer, ComWest is required to disseminate to registered and
beneficial shareholders interim statements, annual statements and associated
continuous disclosure materials. In the case of many small shareholders, the
administrative cost associated with providing such services represents a
disproportionately large percentage of the total share value of their
investment. ComWest spends a significant amount of money each year printing and
mailing materials required by statute, such as annual reports and information
circulars, to these small shareholders and serving their accounts through
ComWest's registrar and transfer agent. The effect of the proposed consolidation
will be to reduce administrative costs associated with maintaining a large
shareholder base of odd-lot and small shareholders, by significantly reducing
the number of these shareholders.


ComWest expects that it will be necessary to issue additional Equity Shares in
order to raise further capital and/or make investments in additional businesses
it is currently seeking to identify. Any share issuances are subject to the
regulatory requirements of the TSX Venture Exchange (the "Exchange"), including
minimum pricing which is generally $0.05 per share. Based on recent trading
prices of the Equity Shares it would be difficult to raise additional capital at
such minimum pricing levels. The proposed share consolidation and stock split
will result in holders of 2,500 or more Equity Shares effectively being
consolidated on a 5 to 1 basis. This will provide increased flexibility for
ComWest to structure future issuances of shares.


Mechanics of Restructuring

The basis of consolidation proposed for both Class A and B shares will be one
(1) post-consolidated Equity Share for each twenty five hundred (2,500)
pre-consolidated Equity Shares (the "Consolidation"). Holders of fewer than
2,500 Equity Shares in either class who do not elect to increase their holdings
to 2,500 or more Equity Shares in such class prior to the effective date of the
share consolidation will receive cash of $0.04 per share and their Equity Shares
would be cancelled. Due to the equal distribution rights of both classes of
Equity Shares, management took into consideration the average weighted trading
activity in both classes of shares over the three month period preceding this
news release and rounded the result to the nearest whole cent. Immediately
following the Consolidation, the remaining Equity Shares will be split on the
basis of five hundred (500) post-split shares for each one (1) post-consolidated
share to achieve minimum distribution and other requirements of the Exchange.
Fractions will be rounded to the nearest whole number on the split.


Shareholder and Regulatory Approvals

In order to implement the Share Consolidation Plan, special business will be
proposed at the upcoming annual meeting of shareholders to approve an alteration
of the Equity Shares to effect a consolidation of the Equity Shares, on the
basis proposed, with an immediate stock split of such shares thereafter to meet
the minimum distribution requirements of the Exchange. Approval of two thirds of
Class B shareholders present or represented by proxy would be required for
approval of the Share Consolidation Plan, as well as the separate approval of
two thirds of Class A shareholders present or represented by proxy voting as a
class. If approved, the consolidation would be expected to occur on or about
October 17, 2009 and the share split would be effective immediately thereafter.


Shares purchased by ComWest in conjunction with the share consolidation will be
cancelled. Purchase transactions for such cancelled shares and all associated
costs will be funded by ComWest. Formal notification, including confirmation of
the record date for the Share Consolidation, confirmation of any required
regulatory or shareholder approvals, letters of transmittal and related
documentation for implementing the Share Consolidation, will be provided by
ComWest as and when received. It is estimated that $125,000, inclusive of
meeting, advisory and transaction costs, will need to be allocated to the
implementation of the Share Consolidation Plan.


The shareholders meeting is scheduled for October 14, 2009. Shareholders will be
provided with information by mail in coming weeks outlining in detail the
proposed terms of consolidation/stock split, the basis of consolidation, and any
necessary steps they need to take.


The Share Consolidation Plan is subject to the approval of the Exchange and
shareholders. No assurance can be given that the Shareholder Consolidation Plan
will be approved by the Exchange or by shareholders on the terms proposed or at
all.


Other Corporate Developments

Dmitri Tymkiw has resigned as a director to devote more time to his private
businesses. The board expresses its gratitude to Mr. Tymkiw for his contribution
to ComWest over the past four years. In addition, 400,000 outstanding directors
options allocated to an officer of ComWest have been cancelled.


About ComWest

ComWest management has been actively identifying, conducting due diligence on
and negotiating the potential acquisition of several profitable operating
businesses. Deloitte Touche LLP were engaged to assist in this process in 2008
but to date no acquisitions have been concluded.


COMWEST ENTERPRISE CORP.

Douglas F. Good, Director and CFO