KAB Distribution Inc. (formerly Kaboose Inc.) Announces Distribution of $0.65 per Share



    TORONTO, Sept. 3 /CNW/ - KAB Distribution Inc. (TSX: KAB), formerly
Kaboose Inc., today announced that a cash distribution of $0.65 per common
share will be paid on September 22, 2009 to shareholders of record on
September 17, 2009 as a return of capital, subject to court approval.
    The distribution represents the cash proceeds realized from the
previously announced sale by the Company on June 1, 2009 of (i) substantially
all of its North American assets to Disney Online; and (ii) its UK subsidiary,
Kaboose Acquisition (UK) Company, to an affiliate of Barclays Private Equity
Limited, less payments and reserves made in respect of the Company's remaining
costs and liabilities.
    Following the completion of the distribution, the common shares of the
Company will be de-listed from the TSX at the close of trading on September
22, 2009. It is expected that the Company will seek to cancel its common
shares prior to the end of the 2009 calendar year. It is possible that a
further distribution of less than $0.01 per common share will be paid at the
completion of the liquidation process of the Company to those shareholders of
record on the date of cancellation of the common shares, although any
unidentified claims may affect the ability of the Company to make such further
distribution.

    This document may contain forward-looking statements, relating to KAB
Distribution Inc.'s future distributions to shareholders and the amounts of
such distributions, its operations or to the environment in which it operates,
which are based on KAB Distribution Inc.'s operations, estimates, forecasts
and projections. These statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict, and/or are
beyond KAB Distribution Inc.'s control. A number of important factors could
cause actual outcomes and results to differ materially from those expressed in
these forward-looking statements. Consequently, readers should not place any
undue reliance on such forward-looking statements. KAB Distribution Inc.
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.




For further information:

For further information: Jonathan Pollack, Chief Financial Officer, TEL:
(416) 593-3000, FAX: (416) 593-4658

Organization Profile

KABOOSE INC.

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KAB DISTRIBUTION INC.

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