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VANCOUVER, Sept. 7, 2011 /CNW/ - CWAL Investments Ltd., c/o 8488 Main
Street Vancouver, British Columbia V5X 4W8 (the "Offeror") has
purchased 132,200 common shares of Coast Wholesale Appliances Inc. (the
"Company") representing approximately 1.3% of the outstanding common
shares for cash consideration of $2.70 per common share. The Offeror
presently holds 3,532,999 common shares of the Company and following
the purchase of the additional common shares will have beneficial
ownership of and control and direction over an aggregate of 3,665,199
common shares, representing approximately 36.6% of the outstanding
common shares of the Company.

The Offeror purchased the common shares through the facilities of the
Toronto Stock Exchange. The Offeror acquired the common shares for
investment purposes. The Offeror has relied on the exemption from the
formal take over bid requirements set out in section 4.1 of National
Instrument 62-104 Take Over Bids and Issuer Bids and section 100 of the Securities Act (Ontario). The common shares purchased are not more than 5% of the
outstanding common shares of the Company and the aggregate number of
common shares purchased by the Offeror within the prior 12 month period
does not exceed 5% of the outstanding common shares outstanding at the
beginning of such 12 month period. The purchase price for the common
shares does not exceedthe "market price" of the common shares as
determined in accordance