OTTAWA, ONTARIO--(MARKET WIRE)--Nov 7, 2008 -- Canada Post today announced it has entered into an agreement with Best Buy Canada Ltd. to offer online payroll notices to more than 22,000 Best Buy and Future Shop employees across Canada as well at its corporate headquarters in Burnaby. Using Canada Post's epost(tm) and SmartFlow(tm) services, Best Buy Canada Ltd. is encouraging its employees to move to online pay advices, reinforcing the company's commitment to environmentally accountable business practices.

"Canada Post's modernization program has one clear objective, a postal service firmly focused on our customers," says Cheryl Persad, senior vice-president, Transaction Mail, at Canada Post. "We understand businesses need every dollar they invest with us to deliver a higher return. Canada Post is providing the products and services, like epost, that enable us to defend, build and grow both our business and our customer's." Persad adds, "For an innovative company like Best Buy Canada Ltd., Canada Post is a solid business partner because we're able to provide smart and environmentally friendly options for sending and receiving their mail."

The decision to move towards a paperless payroll environment represents one more way in which Best Buy Canada Ltd. - Canada's largest consumer electronics company through its brands Best Buy and Future Shop - is committing to reducing its impact on the environment.

"By encouraging our employees and giving them the choice of using secure online epay services from Canada Post, we estimate that we'll be reducing our use of more than one million pieces of paper per year," said Janice Antaya-Finlayson, vice-president of Human Resources for Best Buy Canada Ltd. "We are constantly seeking innovative ways to embrace new technology and find new ways of enhancing the employee experience at Best Buy Canada Ltd. and our partnership with Canada Post on epay is another step towards achieving this goal," added Antaya-Finlayson. Canada Post will also assist in the transformation to epay, by providing interim printing and payroll distribution services.

A secure, online document delivery service, epost enables Canadian companies to deliver critical documents, like pay statements, to their employees and bills to their customers online. epost makes it easy to receive, view and store (for up to seven years) financial statements online, and because all data transmissions are encrypted using industry-standard encryption (128-bit SSL) it ensures personal information is secure. Since epost was launched in 1999, more than four million Canadians have registered for epost mailboxes. epost is a free service available to all Canadians by registering at canadapost.ca/epost or through the online banking site of most major financial institutions. SmartFlow Document Management Services, is an advanced suite of services that helps companies effectively manage their business processes and customer communications more efficiently - improving document workflow, multi-channel delivery, returned mail management, and customer response time.

About Canada Post

Canada Post delivers over 11 billion pieces of mail each year to 14 million destinations. Its 60,000 employees and 6,600 post offices - the largest retail network in the country - serve 32 million Canadians and over 1 million businesses and public institutions from coast to coast to coast. In 2007, net income for Canada Post and its affiliates, which include Purolator Courier Ltd., SCI Logistics and Innovapost (jointly owned by Canada Post and CGI), was CDN$ 54 million on revenues of CDN$ 7.5 billion. Canada Post is a world leader, providing innovative physical and electronic delivery solutions, creating value for our customers, employees and Canadians. Website: www.canadapost.ca.

About Best Buy Canada Ltd.

Burnaby, BC-based Best Buy Canada Ltd., (www.bestbuycanadaltd.ca) is a wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY - News) and is one of Canada's largest and most successful retailers. With the support of more than 22,000 employees across the country, Best Buy Canada Ltd. operates the Future Shop (www.futureshop.ca) and Best Buy brands in Canada (www.bestbuycanada.ca), providing unique and distinct in-store and online consumer offerings, tailored to meet a diverse range of needs. There are currently 136 Future Shop stores in Canada and 53 Best Buy stores in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.

Best Buy Canada Ltd. also operates the Geek Squad (www.GeekSquad.ca), a 24 hour a day customer dedicated computer support task force; ConnectPro (www.futureshop.ca/connectpro) - offering installation and customization of Car Audio, Computer and Home Theatre Install Services; Commercial Sales Group - delivering business-to-business (B2B) services to clients across Canada in the areas of digital signage, incentive programs, lotteries, promotions and prizing; and ReClaim - a service aimed at assisting customers obtain a replacement for a lost or damaged product.

     Contacts:
     Canada Post
     John Caines
     Manager, National Media Relations
     613-734-8888
     http://www.canadapost.ca
      
     Best Buy Canada Ltd.
     Shafiq Jamal
     Director, Corporate Communications
     604-412-1012
     shajamal@bestbuycanada.ca
     http://www.bestbuycanadaltd.ca