Zoolander Corporation

July 09, 2008 17:33 ET

Zoolander Corporation Announces Transfer to NEX

TORONTO, ONTARIO--(Marketwire - July 9, 2008) - Zoolander Corporation (TSX VENTURE:ZOO.P) ("Zoolander"), a capital pool company, announced today that its annual and special meeting of shareholders was held on June 26, 2008 (the "Meeting"). Zoolander has received the required shareholder approval of all of the resolutions as proposed in the Information Circular and Form of Proxy. Those resolutions included, among others, the re-election of Michael Cooper and Rajiv Rai as directors as well as the election of Jason Lester as a director. Daniel Goodman, a former director of Zoolander did not stand for re-election at the Meeting.

Also approved by shareholders at the Meeting was the transfer of trading of the shares of Zoolander to the NEX board. Trading shall commence at the market opening on July 11, 2008 under the symbol ZOO.H.

NEX is a separate board of the TSX Venture Exchange for companies previously listed on the TSX Venture Exchange or the TSX which do not meet, among others, the ongoing financial listing standards of those markets or other requirements such as the completion of a qualifying transaction within a certain period for a capital company. NEX has been designed to provide a forum for the trading of companies which are undertaking transactions in furtherance of a reactivation to carry on an active business.

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Zoolander. These risks and uncertainties could cause actual results and Zoolander's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Zoolander assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

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