Carmanah Announces Requisition for the Calling of a Special Meeting of Shareholders

VICTORIA, British Columbia--(BUSINESS WIRE)--Carmanah Technologies Corporation (“the Company”) (TSX:CMH), a leader in solar LED lighting and power systems for a range of industrial applications, today announced that it has received a requisition for the calling of a special meeting of shareholders of the Company from a corporation allegedly holding approximately 9.5% of Carmanah's issued and outstanding common shares. The requisition states that the business to be transacted at the meeting is to consider an ordinary resolution directing the Company not to complete its proposed financing which is necessary to complete the acquisition of Lightech Electronic Technologies Ltd., which the Company announced on September 21, 2010. The requisition also calls for the removal of the Company's Board of Directors if the Board does not agree to be bound by the results of the ordinary resolution. The Board of Directors is evaluating the requisition and will respond in accordance with applicable law.