Centre Financier de la Cite Inc.

Fortsum Business Solutions Inc.
TSX VENTURE : FRT

Fortsum Business Solutions Inc.

April 30, 2008 17:55 ET

Concerned Shareholders Solicit Proxies to Elect Their Nominees to Replace Fortsum's Incumbent Directors

Attention Business Editors:

QUEBEC CITY, QUEBEC--(Marketwire - April 30, 2008) - Louis Lessard and GMSL Financial S.A. (the "Concerned Shareholders") announced today that they are soliciting proxies from their fellow shareholders to elect their nominees (the "Concerned Shareholders' Nominees") to replace the incumbent directors (the "Incumbent Directors") of Fortsum Business Solutions Inc. ("Fortsum" or the "Corporation")(TSX VENTURE:FRT) at its annual and special meeting of shareholders to be held on May 26, 2008. The Concerned Shareholders' Nominees are: Robert Boisjoli, Giuseppe Crisafi, Raymond Cyr, Louis Lessard, Richard Provencher, Jean St-Hilaire and Paul St-Louis. Raymond Cyr brings his business and technology industry knowledge and experience, Guiseppe Crisafi, Robert Boisjoli and Paul St-Louis collectively bring their M&A and international financial backgrounds. Richard Provencher brings his legal and corporate background as a Canadian business lawyer. Louis Lessard and Jean St-Hilaire have been with the Corporation since day one and represent the board of directors' continuity as well as links with various important shareholders.

If elected to the board, the Concerned Shareholders' Nominees will take all necessary steps to maximize shareholder value to the benefit of all shareholders. For that purpose, they intend to cause the Corporation to retain the services of GMP Securities L.P. as its financial advisors in order to explore all options available to the Corporation.

The Concerned Shareholders believe their fellow shareholders should elect the Concerned Shareholders' Nominees because, among other things:

- Six of the Concerned Shareholders' Nominees are shareholders of the Corporation and their sole objective is to create value for all shareholders. They collectively beneficially own, control or direct, directly or indirectly, 10,083,600 common shares of the Corporation, representing 21.45% of the Corporation's outstanding common shares.

- The combined expertise of the Concerned Shareholders' Nominees will enable them to maximize shareholder value.

The Concerned Shareholders believe that their fellow shareholders should replace the Incumbent Directors because they have collectively failed to increase shareholder value.

Collectively, the Concerned Shareholders beneficially own, control or direct, directly or indirectly, 9,330,600 common shares of the Corporation, representing 19.85% of the Corporation's outstanding common shares. In accordance with the early warning system, Louis Lessard and other Concerned Shareholders also announced today that they may purchase additional shares in accordance with applicable securities laws, including possibly under a take-over bid.

Additional information can be found in the Concerned Shareholders' dissident proxy circular, which will be available on SEDAR at www.sedar.com.

Forward-Looking Statements

Unless otherwise noted, the information concerning the Corporation in this press release has been taken from or is based upon publicly available documents or records on file with Canadian securities regulatory authorities and other public sources. Although the Concerned Shareholders do not have knowledge that would indicate that any such information is untrue or incomplete, the Concerned Shareholders do not assume any responsibility for its accuracy or completeness, or for any failure by the Corporation to disclose publicly events or facts that have occurred or that may affect the significance or accuracy of any such information.

Certain statements contained in this press release constitute forward-looking statements. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Concerned Shareholders, the Corporation or its future management, often identify forward-looking statements.

Such statements reflect the Concerned Shareholders' current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Corporation's actual results, performance or achievements that may be expressed or implied by those forward-looking statements to vary from those described in this press release should one or more of these risks or uncertainties materialize. Such factors include, but are not limited to, economic, business, technological and competitive factors.

Contact Information

  • Louis Lessard
    President of Centre Financier de la Cite Inc.
    418-650-4171
    418-650-4922 (FAX)
    llessard@cfcite.ca