Nurun Inc.

Nurun Inc.

December 05, 2007 11:04 ET

Nurun Was Informed by Quebecor Media That it Has Entered Into Lock-Up Agreements With Minority Shareholders of Nurun and That it Intends to Relaunch its Bid to Acquire Nurun Shares

MONTREAL, CANADA--(Marketwire - Dec. 5, 2007) - Nurun Inc. (the "Corporation")(TSX:NUR) was informed by Quebecor Media Inc. that, following a proposal received from a significant shareholder of the Corporation, acting on behalf of itself and certain other shareholders of the Corporation representing in the aggregate a majority of the common shares of the Corporation, excluding the common shares of the Corporation held by Quebecor Media, it has entered into lock-up agreements under which such holders have irrevocably and unconditionally agreed to tender their shares to an offer by Quebecor Media to acquire all issued and outstanding shares of the Corporation at a price of C$4.75 per share in cash. The lock-up agreements provide that Quebecor Media must make the offer to acquire all shares of the Corporation not currently owned by Quebecor Media no later than February 1, 2008. Quebecor Media currently owns approximately 57.5% of the outstanding common shares of the Corporation.

The Corporation's Board of Directors has met and an independent committee was established to supervise the preparation of a formal valuation and review, and make recommendation with respect to the offer.

Until the Corporation receives the offer and completes its review, the Corporation does not intend to comment further on Quebecor Media' proposal.

About Nurun Inc.

Nurun Inc. (TSX:NUR), a subsidiary of Quebecor Media Inc., is a global company which strategizes, executes and measures interactive programs that use new technologies. From building awareness to acquiring and retaining customers, Nurun's solutions provide exceptional user experiences that enable e-commerce transactions while leveraging the lifetime value of client relationships. Since it was founded in 1985, Nurun has worked with a wide variety of companies and organizations, including: Groupe DANONE, AT &T, Louis Vuitton, Thales, Pfizer, Home Depot, Pleasant Holidays, L'Oreal, Renault, Microsoft (MSN),, Equifax, Telecom Italia and the Government of Quebec. Nurun's centers of expertise employ more than 760 professionals in Canada, the United States, Europe, and China.

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