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New 10 Percent Shareholder for VHQ

13 Dec, 2002 By: Hive News

Canadian specialty chain VHQ Entertainment Inc. has been advised by

Gordon Hillman of Red Deer, Alberta, and companies he controls purchased 19,000 shares of VHQ Dec. 11 on the Toronto Stock Exchange giving him beneficial ownership or control of 1,265,186 common shares of VHQ. This represents approximately 10.095% of the outstanding common shares of VHQ.

Hillman advised VHQ that he is acquiring the shares for investment purposes, is not acting jointly or in concert with any other person with respect to the acquisition of shares of VHQ and may purchase additional shares on the open market.

VHQ operates a chain of 49 urban and rural stores offering movies, music and games.

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