GLOBEL DIRECT, INC.
TSX VENTURE : GBD

GLOBEL DIRECT, INC.

September 17, 2007 11:47 ET

Record Date for Globel Shareholders Entitled to Receive Komunik Shares Pursuant to the Plan of Arrangement

MONTREAL, QUEBEC and CALGARY, ALBERTA--(Marketwire - Sept. 17, 2007) - Komunik Corporation ("Komunik") (TSX:KOM) and Globel Direct, Inc. ("Globel") (TSX VENTURE:GBD) announced today that shareholders of Globel at record on the close of business as of September 7, 2007 ("Globel Shareholders") will be entitled to receive, on a pro rata basis based on shareholdings, an aggregate of 125,000 common shares of Komunik ("Komunik Shares") and 350,000 warrants to purchase Komunik Shares ("Warrants") pursuant to the plan of arrangement of Globel and its subsidiaries to be proposed to Globel's creditors pursuant to the Companies Creditors Arrangement Act and Section 192(1) of the Business Corporations Act (Alberta) ("Plan of Arrangement") filed with the Court of Queen's bench of Alberta on September 7, 2007. No Komunik Shares or Warrants will be issued to shareholders acquiring Globel's shares after September 7, 2007. Globel Shareholders should consult the Plan of Arrangement filed on SEDAR for more information.

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.

About Globel Direct

Globel is a leading provider of business communications solutions that help organizations inform, educate, service and attract customers more effectively and efficiently. The Company's solutions integrate its expertise in out-sourced marketing, billing, customer support and fulfillment with specialized equipment, proven technologies, and a multi-site delivery infrastructure that enables its clients to target the right audience, in the right format, at the right time and at the right price. For more information about Globel Direct visit www.globel.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 and Globel believe are reasonable as of the current date. While Komunik and Globel consider these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Komunik and Globel caution 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 and Globel's control. Therefore, future events and results may vary substantially from what Komunik and Globel currently foresee. While Komunik and Globel may elect to, they are under no obligation (and expressly disclaim any such obligation) and do not undertake to update or alter this information.

Contact Information

  • Massy-Forget Public Relations
    Elaine Mayrand
    (514) 842-2455 ext. 24
    Mobile: (514) 266-2156
    Email: emayrand@mfrp.com
    or
    Massy-Forget Public Relations
    Megan Johnson
    (514) 842-2455 ext. 31
    Mobile: (514) 266-2156
    Email: mjohnson@mfrp.com