GLOBEL DIRECT, INC.
TSX VENTURE : GBD

GLOBEL DIRECT, INC.

December 21, 2007 17:27 ET

Globel Direct, inc. Appoints a Receiver and Provides Restructuring Update

CALGARY, ALBERTA--(Marketwire - Dec. 21, 2007) - Globel Direct, inc. (TSX VENTURE:GBD), a business process outsource company with operations in Alberta and British Columbia, announces that in conjunction with its previous efforts regarding the effort for the restructure of the Company, Meyers Norris Penny Limited, has been appointed as receiver-manager of Globel effective December 12, 2007. The Company is being operated as a going concern and carrying on business in the normal course and the Officers, Directors and management are working with Meyers Norris Penny throughout this process.

For more information, please contact the Company at (403) 531-6550 or Meyers Norris Penny at (403) 537-7621.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

About Globel Direct:

Globel Direct inc. is a leading provider of business communications solutions that help organizations inform, educate, service and attract customers more effectively and efficiently. The Company's solutions integrate its expertise in out-sourced marketing, billing, customer support and fulfillment with specialized equipment, proven technologies, and a multi-site delivery infrastructure that enables its clients to target the right audience, in the right format, at the right time and at the right price. For more information about Globel Direct visit www.globel.com.

This document contains forward-looking statements. Some forward looking statements may be identified by works like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. The statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. The Company's actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to, successful integration of structural changes, including restructuring plans, acquisitions, technical or manufacturing or distribution issues, the competitive environment for the Company's products, the degree of market penetration of the Company's products, and other factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Globel Direct, inc.
    J.R. Richardson
    President
    (403) 531-6579 or Toll Free: 1-800-551-5721
    (403) 531-6560 (FAX)
    Email: jr@globel.com
    or
    Meyers Norris Penny
    Verne Wood
    Receiver-Manager of Globel
    (403) 537-7621