FUN Technologies Inc.
TSX : FUN
AIM : FUN

FUN Technologies Inc.

November 26, 2007 13:40 ET

FUN Technologies Inc. Obtains Interim Order in Connection with Proposed Plan of Arrangement and Mails Shareholder Meeting Materials

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2007) - FUN Technologies Inc. ("FUN") (TSX:FUN)(AIM:FUN) today announced that the Ontario Superior Court of Justice (the "Court") has issued an interim order authorizing, among other things, the holding of a special meeting of the holders of common shares of FUN (the "Shareholders"), at which Shareholders will be asked to approve the previously-announced proposed arrangement (the "Arrangement") with a wholly-owned subsidiary of Liberty Media Corporation ("Liberty") and Liberty. The record date for determining the Shareholders entitled to receive notice of and to vote at the special meeting is 5:00 p.m. (Toronto time) on November 25, 2007.

The special meeting will be held at 9:00 a.m. (Toronto time) on Wednesday, December 19, 2007 at the offices of Goodmans LLP, 250 Yonge Street, Suite 2400, Toronto, Ontario. If the proposed Arrangement is approved by Shareholders, then final approval will be required and sought from the Court on or about Thursday, December 20, 2007. Assuming all other conditions are satisfied or waived, the Arrangement is currently expected to close on Friday, December 21, 2007.

Subject to, and conditional upon, the closing of the Arrangement, FUN intends to apply for the voluntary de-listing of its common shares from the Toronto Stock Exchange and for the cancellation of admission of its common shares to trading on the AIM Market of the London Stock Exchange. Subject to complying with all regulatory requirements, it is anticipated that the de-listing and the cancellation will take place at the close of business on December 24, 2007.

A notice of special meeting of shareholders, management proxy circular, form of proxy and letter of transmittal have been mailed to registered Shareholders and are available at www.sedar.com and at www.funtechnologies.com/html_fun/aim_rule_26.htm.

Forward Looking Statements

This press release contains forward-looking statements regarding, among other things, FUN's beliefs, plans, objectives, strategies, estimates, intentions and expectations. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "believe", "potential", "expect", "estimate", "would", "could", "intend", "will", "if" and "may". These forward-looking statements are based on a number of assumptions which may prove to be incorrect, involve certain risks and uncertainties that are difficult to predict and, accordingly, are not guarantees of future performance. Future developments may differ materially from those expressed in the forward-looking statements contained in this press release, due to, among other factors, the risks and uncertainties inherent in the business and operations of the Company and the risk factors set out in the "Risk Factors" section of FUN's 2006 Annual Information Form and in other documents published or filed by, or on behalf of, FUN from time to time with the Canadian securities regulatory authorities. Other than as required by law, FUN undertakes no obligation to publicly update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.

About FUN Technologies

FUN Technologies Inc. is one of the world's leading providers of online and interactive casual and fantasy sports games and sports information. 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
    Alison Rynak
    Vice President, Corporate Communications
    (617) 614-3734
    Email: arynak@funtechnologies.com
    or
    FUN Technologies
    William T. Brock
    Chair of Special Committee
    (416) 982-8168
    Email: brockw@td.com