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Q9 Networks Establishes Automatic Share Repurchase Program in Connection with Normal Course Issuer Bid
Toronto, ON - February 1, 2008 - Q9 Networks Inc. (TSX:Q), announced today that it has established an automatic plan under which its broker, GMP Securities Ltd., will purchase common shares of Q9 pursuant to Q9's previously announced normal course issuer bid (NCIB).
The plan defines a pre-arranged set of criteria in accordance with which share purchases will be made automatically. The plan will enable the purchase of Q9's common shares at any time, including when Q9 would not ordinarily be active in the market because of internal trading blackout periods, insider trading rules or otherwise.
The plan will terminate on the earliest of: the date on which the purchase limits specified in the plan have been attained, the date on which the normal course issuer bid terminates, and March 31, 2008. All purchases will be made on the open market through the facilities of the Toronto Stock Exchange (TSX) in accordance with the requirements of the TSX.
Q9 anticipates renewing the plan from time to time during the course of its NCIB to enable purchases of Q9's common shares to be made during internal blackout periods or other periods as determined by Q9's board of directors.
About Q9 Networks
Q9 Networks is a leading Canadian provider of outsourced data centre infrastructure for organizations with mission-critical IT operations. Q9's data centres and network are backed by an industry leading SLA which guarantees 100% network and power availability. Q9 managed services, including: bandwidth, dedicated servers, firewalls, load balancing, virtual private networking (VPN) and back-up/restore, enable the rapid provisioning and scalability of client infrastructure.
For further information, please contact:
Kevin Spikes
Director of Corporate & Investor Relations
Q9 Networks Inc.
Toronto: 416-848-3311
Toll Free: 1-888-696-2266
media.relations@Q9.com
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