Komunik Corporation

Komunik Corporation

October 15, 2007 09:00 ET

KOMUNIK Terminates Agreement to Acquire Globel Direct

MONTREAL, QUEBEC--(Marketwire - Oct. 15, 2007) - Komunik Corporation ("Komunik") (TSX:KOM) announced today that, in accordance with the terms of the agreement with Globel Direct, Inc., it has exercised its right to terminate the agreement and will not proceed with the acquisition of Globel Direct which was announced on September 7, 2007.

Komunik continues to study alternative opportunities to expand its activities in Western Canada.

About Komunik Corporation

Komunik is a leading provider of end-to-end solutions for Communication Resource Management. Through innovation and a nation-wide infrastructure, Komunik helps its clients increase the return on their investment. Komunik develops best of class technology, and provides expertise and support for document Management, multi-channel relationship marketing and overall print services. For more information about Komunik visit www.komunik.com.

Cautionary note about forward-looking statements

Some of the statements made in this release may constitute forward-looking information or statements within the meaning of securities laws. These statements are based on certain factors and assumptions, which Komunik believes are reasonable as of the current date. While Komunik considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Komunik cautions that actual future performance could be affected by a number of factors, including technological change, regulatory change and competitive factors, many of which are beyond Komunik's control. Therefore, future events and results may vary substantially from what Komunik currently foresees. While Komunik may elect to, it is under no obligation (and expressly disclaims any such obligation) and does not undertake to update or alter this information.

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