BMTC Group Inc. announces completion of the reorganization for the collapse of its dual-class share structure

MONTREAL, May 11, 2015 /CNW Telbec/ - BMTC Group Inc. (the "Corporation") (TSX: GBT-A) announces the completion of its previously announced reorganization to eliminate the Corporation's dual-class share capital structure by way of court-approved plan of arrangement (the "Arrangement"). The Corporation received all required approvals to complete the Arrangement, including a final order from the Superior Court of Québec.

Pursuant to the Arrangement, all issued and outstanding Class B Multiple Voting Shares were converted into Class A Subordinate Voting Shares on a one-for-one basis, without any monetary consideration being paid. The Class A Subordinate Voting Shares were also renamed "Common Shares" and the Corporation anticipates that the Common Shares will begin trading on the Toronto Stock Exchange under the symbol "GBT" on or about May 14, 2015.

FORWARD-LOOKING STATEMENTS

The press release contains certain forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements relate to future events or future performance and include, but are not limited to, the completion of the Arrangement. Often, but not always, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue" or the negative of these terms or other comparable terminology. Such statements reflect the current views and estimates of management of BMTC Group Inc. with respect to future events, as of the date such statements are made, and they involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from those expressed or implied by forward-looking statements. In evaluating these statements, readers should specifically consider factors such as the risks outlined under "Risk Factors" in BMTC Group Inc.'s Annual Information Form, which is available at www.sedar.com. Although BMTC Group Inc. has attempted to identify important factors that could cause actual events, actions or results to differ materially from those described in the forward-looking statements, there may be other factors that cause such events, actions or results to differ. BMTC Group Inc. is under no obligation (and expressly disclaims any such obligation) to update forward-looking statements if circumstances or management's views or estimates change. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.

About BMTC Group Inc.

BMTC Group Inc., through its subsidiaries, is a major retailer of furniture, electronic goods and household appliances operating in the province of Québec.

SOURCE BMTC Group Inc.

Mr. Yves Des Groseillers, Chairman, President and Chief Executive Officer, BMTC Group Inc., [phone]