FUN Technologies Inc.

FUN Technologies Inc.

January 18, 2007 01:00 ET

Substantial Purchase of FUN Technologies Shares by Lorne Abony, FUN Chief Executive Officer

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2007) - FUN Technologies Inc. (TSX:FUN)(AIM:FUN), one of the world's leading online and interactive casual games providers, announced that a trust of which Lorne Abony, Chief Executive Officer, is a beneficiary purchased 460,000 shares of FUN at a price of 110p per share, for an aggregate consideration of approximately US$1 million.

Commenting on today's announcement, Lorne Abony said: "My purchase of FUN's shares indicates my confidence in the Company's overall business prospects, and my strong belief that at the current share price, FUN is trading at a significant discount to its fair value and even its break-up value. Less than one year ago, Liberty Media, one of the world's most respected media companies purchased US$196 million of FUN shares at a substantially greater price than they are trading at today. I believe FUN is significantly stronger with Liberty as our largest shareholder and I strongly believe Liberty and the Liberty group of companies adds significant value to FUN."

About FUN Technologies

FUN Technologies Inc. is one of the world's leading online casual games providers. FUN's strategy is to provide its cutting-edge games systems to top distribution partners around the world. FUN is 53% owned by Liberty Media Corporation (NASDAQ:LINTA)(NASDAQ:LCAPA), and FUN's common shares are listed on both the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol "FUN".

Contact Information

  • FUN Technologies Inc.
    Lorne Abony
    (416) 840-0806