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CALL GENIE RETAINS BRISCO CAPITAL TO PROVIDE INVESTOR RELATIONS SERVICES
December 2, 2010>
Toronto, Ontario - December 2, 2010 - The Company (TSX: GNE) is pleased to announce that it has retained the services of Brisco Capital Partners Corp. (“Brisco”) to provide investor relations services, subject to regulatory approval. Brisco will assist in initiating and maintaining contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco takes a full service approach to investor relations and provides effective, results-driven investor relations programs for Canadian public companies.
The agreement is effective December 1, 2010 and may be terminated by either party at any time with 30 days notice. Under the terms of the services agreement, Brisco will receive $3,000 per month plus allowable expenses. In addition, Brisco will earn a fee of $4,000 for each day it is engaged in “roadshow” activities by the Company. The Company has also granted Brisco (i) 200,000 options vesting over a one year period, each option entitling the holder thereof to acquire one common share of the Company at an exercise price of $0.14 per common share for a period of five years; and (ii) 200,000 options vesting over a three year period, each option entitling the holder thereof to acquire one common share of the Company at an exercise price of $0.35 per common share for a period of five years. The options expire within 30 days in the event that the relationship terminates.
“We are looking forward to working with Brisco to grow our investor following through enhanced communication and exposure to the investment community as a whole,” according to Mike Durance, CEO. “Brisco has exceptional credentials and we are very pleased to have them involved with Call Genie.”
About Call Genie Inc.
Call Genie is a leading global solutions provider in mobile local search and mobile digital interactive advertising. Call Genie enables traditional industries to move to new business models that support the connection of mobile consumers and local merchants. Solutions provided include search and advertising serving technology and services that utilize advanced wireless networks as well as the mobile internet to enable a "mobile ecosystem" that encompasses advertisers, service providers (e.g., internet yellow pages, carriers, network broadcasters) and mobile users. Currently, Call Genie solutions are deployed in 14 countries around the world. www.callgenie.com .
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