Jan 23 (Reuters) - Echelon Financial Holdings Inc EFH.TO :
* PRESS RELEASE - ECHELON FINANCIAL HOLDINGS INC. ANNOUNCES SHAREHOLDER APPROVAL TO SELL ECHELON INSURANCE TO CAA CLUB GROUP FOLLOWING SPECIAL MEETING OF SHAREHOLDERS
* SHAREHOLDERS ALSO APPROVED A REDUCTION IN STATED CAPITAL OF COMPANY TO PERMIT A SPECIAL DISTRIBUTION TO SHAREHOLDERS.