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FRT Fortsum Business Solutions I

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Share Name Share Symbol Market Type
Fortsum Business Solutions I TSXV:FRT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Fortsum's Shareholders Spoke Up

26/05/2008 7:12pm

Marketwired


Fortsum Business Solutions I (TSXV:FRT)
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From Jun 2019 to Jun 2024

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QUEBEC CITY, QUEBEC are encouraged by the commitment made by the management of Fortsum Business Solutions Inc. ("Fortsum")(TSX VENTURE: FRT), in its response to the Concerned Shareholders' dissident proxy circular, to offer Fortsum for sale. The Concerned Shareholders also note that Fortsum's shareholders rejected today the shareholders' rights plan proposed by management.

The Concerned Shareholders will monitor the board's future activities to ensure that they are in line with the will of Fortsum's shareholders, as expressed today.

The Concerned Shareholders thank the over 700 shareholders that supported them in their efforts to create a liquidity event for the benefit of all shareholders. The Concerned Shareholders emphasize that only the support of a few institutional investors allowed the incumbent board to remain in place.

Forward-Looking Statements

Unless otherwise noted, the information concerning Fortsum in this press release has been taken from or is based upon publicly available documents or records on file with Canadian securities regulatory authorities and other public sources. Although the Concerned Shareholders do not have knowledge that would indicate that any such information is untrue or incomplete, the Concerned Shareholders do not assume any responsibility for its accuracy or completeness, or for any failure by Fortsum to disclose publicly events or facts that have occurred or that may affect the significance or accuracy of any such information.

Certain statements contained in this press release constitute forward-looking statements. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Concerned Shareholders, Fortsum, its management or its future management, often identify forward-looking statements.

Such statements reflect the Concerned Shareholders' current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Fortsum's actual results, performance or achievements that may be expressed or implied by those forward-looking statements to vary from those described in this press release should one or more of these risks or uncertainties materialize. Such factors include, but are not limited to, economic, business, technological and competitive factors.

Contacts: Centre Financier de la Cite Inc. Louis Lessard President 418-650-4171 418-650-4922 (FAX) llessard@cfcite.ca

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