Call Genie Inc.
TSX VENTURE : GNE

Call Genie Inc.

November 01, 2007 11:46 ET

Call Genie Signs Agreement to Acquire BTSLogic Europe ApS

Acquisition will add business name search and operator workstation to Call Genie's award winning voice-enabled local search solution

TORONTO, ONTARIO--(Marketwire - Nov. 1, 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 signed a definitive agreement to acquire 100% of the outstanding shares of BTSLogic Europe ApS ("BTSLogic"), a provider of directory assistance and operator workstation solutions.

The BTSLogic acquisition will allow Call Genie to offer its customers a full business name and business category search solution for consumer paid and free directory assistance offerings. The combined product set will include business category search, speech automation, ad placement, business name search, and operator work station and is expected to extend Call Genie's reach within its key target markets.

"BTSLogic has great technology which it has successfully deployed in North America, Europe and the Middle East," said Michael Durance, CEO of Call Genie. "The BTS Logic business name search and operator workstation solutions are a logical extension of our voice-enabled local search solutions and we have identified potential significant product synergies and cross-selling opportunities within our combined customer base."

BTSLogic is a privately held company based in Aarhus, Denmark. The acquisition agreement provides that Call Genie will acquire all of the shares of BTSLogic for $1,500,000 USD. BTSLogic reported revenues of approximately $1.9 Million in 2006. Other than the initial capital outlay, this transaction is not expected to negatively impact Call Genie's cash position. The transaction is scheduled to close on November 9, 2007. Completion of this acquisition transaction is subject to receipt of necessary regulatory approval.

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.

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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