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Q9 Networks Inc. -- Notice of Intention to Purchase Shares
Toronto, ON - September 29, 2005 - Q9 Networks Inc. (TSX:Q), a leading provider of outsourced Internet infrastructure and related managed services, is pleased to announce that The Toronto Stock Exchange (the "TSX") has accepted its notice of intention to conduct a normal course issuer bid to enable it to purchase up to 1,015,000 of its common shares, representing approximately five per cent of the approximately 20.3 million common shares outstanding as of September 20, 2005, pursuant to TSX rules.
Purchases under the bid may commence on October 4, 2005, and will terminate on the earlier of October 3, 2006, the date Q9 completes its purchases pursuant to the notice of intention to make a normal course issuer bid filed with the TSX or the date of notice by Q9 of termination of the bid. Purchases will be made on the open market by Q9 through the facilities of the TSX in accordance with the rules and policies of the TSX. The price that Q9 will pay for any such shares will be the market price of such shares on the TSX at the time of acquisition. Common shares purchased under the bid will be cancelled.
Q9 believes that the market price of its common shares at certain times may be attractive and that the purchase of common shares from time to time would be an appropriate use of corporate funds in light of potential benefits to remaining shareholders.
About Q9 Networks
Q9 Networks is a leading Canadian provider of outsourced Internet infrastructure and related managed services.
Q9's data centres and network are backed by an industry leading SLA which guarantees 100 per cent 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: 416-365-7211
Toll Free: 1-888-696-2266
media.relations@Q9.com
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