Early warning report and press release - Report Pursuant to Section 111 of the Securities Act (British Columbia); Section 176 of the Securities Act (Alberta); National Instrument 62-103



    NEW YORK, Dec. 11 /CNW/ -

    
    1.  Name and address of the offeror

         GS Investment Strategies,         Goldman Sachs Investment Partners
         LLC("GSIS"),                      MasterFund, L.P. ("GSIP"),
         1 New York Plaza, New York,       1 New York Plaza, New York,
         NY, 10004                         NY, 10004

        GSIP and GSIS are hereinafter referred to collectively as the
        "Purchaser".

         The Goldman Sachs Group, Inc.
         ("GS Group"),                     Goldman, Sachs & Co. ("GS & Co.")
         85 Broad Street, New York,        85 Broad Street,
         NY, 10004                         New York, NY, 10004

        GS Group and GS & Co. are hereinafter referred to collectively as the
        "Vendor"

    2.  The designation and number or principal amount of securities and the
        offeror's securityholding percentage in the class of securities of
        which the offeror acquired ownership or control in the transaction or
        occurrence giving rise to the obligation to file the news release,
        and whether it was ownership or control that was acquired in those
        circumstances.

        On December 7, 2007 GS & Co., an affiliated entity of GS Group, sold
        9,661,835 common shares (the "Acquired Shares") of Call Genie Inc.
        (the "Company") to GSIP, an affiliated entity of GS & Co., as
        described in item 7 below. GSIS is the investment advisor to GSIP
        and, in such capacity, has been granted investment discretion over
        the Acquired Shares, which discretion includes the power to direct
        the voting and disposition of the Acquired Shares. The Acquired
        Shares represent approximately 12.43% of the issued and outstanding
        common shares of the Company.

    3.  The designation and number or principal amount of securities and the
        offeror's securityholding percentage in the class of securities
        immediately after the transaction or occurrence giving rise to the
        obligation to file a news release.

        After giving effect to the transaction noted in item 2 above, the
        Purchaser held 9,661,835 common shares in the capital of the Company
        (the "Shares") representing approximately 12.43% of the issued and
        outstanding common shares of the Company.

    4.  The designation and number or principal amount of securities and the
        percentage of outstanding securities of the class of securities
        referred to in paragraph 3 over which:

           (i)   the offeror, either alone or together with joint actors, has
                 ownership and control,

                 The Purchaser holds 9,661,835 common shares representing
                 approximately 12.43% of the issued and outstanding common
                 shares of the Company.

          (ii)   the offeror, either alone or together with joint actors, has
                 ownership but control is held by other persons or companies
                 other than the Purchaser or any joint actor.

                 N/A.

         (iii)   the offeror, either alone or together with joint actors, has
                 exclusive or shared control but does not have ownership.

                 N/A.

    5.  The name of the market in which the transaction or occurrence that
        gave rise to the news release took place.

        See item 7 below.

    6.  The purpose of the offeror and any joint actors in effecting the
        transaction or occurrence that gave rise to the news release,
        including any future intention to acquire ownership of, or control
        over, additional securities of the reporting issuer.

        The transaction was completed in connection with the establishment of
        the Goldman Sachs Investment Partners funds. The Purchaser or the
        Vendor may purchase or sell securities of the Company in the future
        on the open market or in private transactions, depending on market
        conditions and other factors material to the Purchaser's or the
        Vendor's investment decisions.

    7.  The general nature and the material terms of any agreement, other
        than lending arrangements, with respect to securities of the
        reporting issuer, entered into by the offeror, or any joint actor,
        and the issuer of the securities or any other entity in connection
        with the transaction or occurrence giving rise to the news release,
        including agreements with respect to the acquisition, holding,
        disposition or voting of any securities.

        On December 7, 2007, GS & Co. sold the Acquired Shares to GSIP in a
        private transaction. The price paid by GSIP to GS & Co. for the
        Acquired shares was $0.83 per share.

    8.  The names of any joint actors in connection with the disclosure
        required by this form.

        In accordance with Section 5.1 of National Instrument 62-103 (the
        "National Instrument"), this filing by the Purchaser reflects the
        securities beneficially owned or controlled by certain business units
        of GSIS and its managed accounts, including GSIP (the "GSIS
        Reporting Unit"). This filing does not reflect securities, if any,
        beneficially owned or controlled by any business units of GS Group
        whose beneficial ownership of or control over securities is
        disaggregated from that of the GSIS Reporting Unit in accordance with
        the National Instrument.

        In accordance with Section 5.1 of National Instrument 62-103 (the
        "National Instrument"), this filing by the Vendor reflects the
        securities beneficially owned or controlled by certain business units
        of GS Group and its subsidiaries and affiliates which include
        business units engaged in principal investing activities, managing
        discretionary accounts and customer facilitation trading
        (collectively, the "GS & Co. Reporting Unit"). This filing by the
        Vendor represents a change in a material fact from its report filed
        on May 15, 2007, and does not reflect securities, if any,
        beneficially owned or controlled by any business units of GS Group
        whose beneficial ownership of or control over securities is
        disaggregated from that of the GS & Co. Reporting Unit in accordance
        with the National Instrument.

        The GS & Co. Reporting Unit disclaims beneficial ownership of the
        securities beneficially owned by any client accounts with respect to
        which the GS & Co. Reporting Unit or its employees have voting or
        investment discretion, or both.

    9.  In the case of a transaction or occurrence that did not take place on
        a stock exchange or other market that represents a published market
        for the securities, including an issuance from treasury, the nature
        and value of the consideration paid by the offeror.

        See item 7 above.

    10. If applicable, a description of any change in any material fact set
        out in a previous report by the entity under the early warning
        requirements or Part 4 in respect of the reporting issuer's
        securities.

        See item 8 above.

        DATED December 11, 2007.
    





For further information:

For further information: Lauren LoFaro, Vice President, Telephone: (212)
357-5810

Organization Profile

THE GOLDMAN SACHS GROUP, INC.

More on this organization

GS INVESTMENT STRATEGIES, LLC.

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