Call Genie Inc.

Call Genie Inc.

April 21, 2008 12:00 ET

Call Genie Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - April 21, 2008) - Call Genie Inc. (TSX:GNE)("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 received approval from the Toronto Stock Exchange ("TSX") to make a normal course issuer bid ("NCIB") for its common shares ("Common Shares") through the facilities of the TSX. Under the NCIB, acquisitions of Common Shares may be made from April 24, 2008 to no later than April 23, 2009, in accordance with applicable rules of the TSX.

Under the NCIB, Call Genie Inc. intends to purchase for cancellation up to but no more than 5,000,000 Common Shares, representing approximately 8% of the public float of the Common Shares as at April 3, 2008. The total number of issued and outstanding Common Shares of the Corporation as at April 21, 2008 is 82,265,800. Within the past twelve months, the Corporation has not purchased any of its Common Shares. The average daily trading volume of the Common Shares for the period from December 12, 2007 to March 31, 2008 was 78,715 Common Shares. The maximum number of Common Shares that can be purchased on a daily basis by the Corporation is 19,679, subject to the block purchase exception provided for in the TSX rules.

The board of directors and management of Call Genie Inc. believe that the trading price of the Common Shares is often not reflective of the value of the Common Shares. Accordingly, from time to time, purchases of Common Shares may be undertaken at prices that represent good value for the Corporation. Purchases may benefit shareholders who continue to hold Common Shares, in that their equity interest in the Corporation is increased. The board of directors of the Corporation has authorized the NCIB, and in the opinion of the board of directors, such purchases are in the best interest of the Corporation and the shareholders of the Corporation and constitute an appropriate use of the Corporation's funds.

About Call Genie Inc.

Call Genie is a leading provider of local search and advertising solutions to Yellow Pages publishers, directory assistance providers, and wireless carriers. These solutions enable companies to offer an exceptional experience for both advertisers and consumers. Call Genie won the Yellow Page Association Industry Excellence Award for Marketing Innovation in North America, the Whitaker Innovation Award in Europe, and the 118 Tracker Award for Technology Innovation in the UK. Call Genie has over 30 customers in 11 countries. For more information, visit

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

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