Call Genie Inc.
TSX VENTURE : GNE

Call Genie Inc.

November 12, 2007 08:37 ET

Call Genie Closes Acquisition of BTSLogic Europe

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2007) - Call Genie Inc. (TSX VENTURE:GNE), a leading provider of localized, voice-enabled search solutions to wireless carriers, directory assistance providers and Yellow Pages publishers, today announced that it has closed its acquisition of BTSLogic Europe ApS ("BTSLogic"), a leading provider of directory assistance and operator workstation solutions.

The BTSLogic acquisition, which was announced on November 1, 2007, will allow Call Genie to expand its EVD business category product to include business name search as well as extend the company's international reach throughout Europe and the Middle East.

'The BTSLogic acquisition allows us to offer a complete business search solution,' said Mike Durance, CEO of Call Genie. 'Our existing customers and prospects have been asking for an integrated business category and business name solution and we expect near term incremental sales from our combined customer base.'

Under the terms of the agreement, Call Genie paid $1.5 Million in cash for all of the issued and outstanding shares of BTSLogic Europe ApS.

About Call Genie Inc.

Call Genie, Inc. is a leading provider of enhanced voice-enabled local search products and services to Wireless Carriers, Directory Assistance providers, and Yellow Pages publishers. Offered as a turnkey or ASP solution, Call Genie's Enhanced Voice Directory (EVD™) platform enables companies to offer a comprehensive, voice-enabled business category search service to consumers and business customers. EVD™ is network, handset and location independent, and can be incorporated into any existing DA service or deployed as a stand-alone offering. Call Genie won the 2006 Yellow Page Association Industry Excellence Award for Marketing Innovation in North America, the 2006 Whitaker Innovation Award in Europe, and the 2006 118 Tracker Award for Technology Innovation in the UK. For more information, visit www.callgenie.com.

About BTSLogic

BTSLogic is a leading international provider of directory assistance and operator workstation solutions. Its customers include: Eniro, du (Dubai), Omantel, TeleGreenland, Telecom Egypt, Etisalat, Oppslysen, and SNT. BTSLogic is a privately held company based in Aarhus, Denmark.

Certain statements included in this News Release are not historical facts, but rather are forward-looking statements. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "anticipate" or "will" and similar expressions) may include plans, expectations or opinions that are not statements of fact. Forward-looking statements are based upon the opinions, expectations and estimates of management of Call Genie as at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include such things as, the completion of the acquisition transaction and the performance of the BTSLogic technology in accordance with Call Genie's expectations. Call Genie Inc. does not assume responsibility for the accuracy and completeness of the forward-looking statements set out herein and, subject to applicable securities laws, does not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Call Genie Inc.'s forward-looking statements are expressly qualified in their entirety by this cautionary statement. Additional information relating to various risk factors to which Call Genie is exposed in the conduct of its business (and which may affect the expectations or outcomes reflected in the forward-looking statements contained in this news release) are described in the Company's annual MD&A for the year ended December 31, 2006, which has been filed with certain securities regulatory authorities in Canada and is available through SEDAR, at www.sedar.com.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

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