SAR Saratoga Electronic Solutions

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: September 30, 2011
TSX Venture Tier 2 Company 

A Cease Trade Order has been issued by the Autorite des marches financiers 
on September 30, 2011, against the following Company for failing to file 
the document indicated within the required time period:

                                                                    Period
                                                                    Ending
Symbol         Company               Failure to File                (Y/M/D)
("SAR")        Saratoga Electronic   Quarterly Financial          11/06/30
               Solutions Inc.        Statements                           

Upon revocation of the Cease Trade Order, the Company's shares will remain 
suspended until the Company meets TSX Venture Exchange requirements. 
Members are prohibited from trading in the securities of the Company 
during the period of the suspension or until further notice.

TYPE DE BULLETIN : Interdiction d'operations sur valeurs
DATE DU BULLETIN : Le 30 septembre 2011
Societe du groupe 2 de TSX Croissance 

Une interdiction d'operations sur valeurs a ete emise le 30 septembre 
2011 par l'Autorite des marches financiers envers la societe suivante 
pour defaut de deposer le document indique dans la periode prescrite :

                                                                Periode se
                                                                 terminant
Symbole        Societe               Defaut de deposer              (A/M/J)
("SAR")        Solutions             Etats financiers             11/06/30
               Electroniques Saratogaintermediaires                       
               Inc.                                                       

Suite a l'interdiction d'operations sur valeurs, la negociation des titres
de la societe demeurera suspendue jusqu'a ce que la societe reponde aux 
normes de Bourse de croissance TSX. Il est interdit aux membres de 
transiger les titres de la societe durant la periode de suspension ou 
jusqu'a un avis ulterieur.

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