TORONTO and MONTREAL, March 19 /CNW/ - Look Communications Inc. (TSX
Venture: LOK and LOK.A) ("Look" or the "Corporation") announced today that it
has been granted an Order from the Ontario Superior Court of Justice
compelling Bell Canada to, amongst other things, deliver its Affidavit of
Documents to Look by no later than October 1, 2008 (the "deadline"). Despite
agreeing to a Court imposed timetable on August 13, 2007 to exchange an
Affidavit of Documents with Look by November 16, 2007, Bell Canada has failed
to adhere to its obligations before the Ontario Superior Court of Justice
prompting the action initiated by Look.
As such, Look obtained an Order from the Honourable Justice Spence that
granted the following:
1. The Defendant, Bell Canada, deliver its sworn Affidavit of Documents
by no later than the deadline;
2. Bell Canada is to continue reporting to the Ontario Superior Court of
Justice on a monthly basis as to its progress in preparing its
Affidavit of Documents, and that Bell Canada will provide Look with a
written report in advance of this monthly attendance outlining:
a. The number of people who are reviewing the Bell Canada documents;
b. The number of documents reviewed during the month and the number
of documents remaining to review; and
3. In the event that Bell Canada fails to deliver its Affidavit of
Documents by the deadline, or if, in advance of the deadline, it is
shown that the efforts Bell Canada is making will not likely allow it
to meet the deadline, Look may seek an order to reduce the $360,000
per month payment to Bell Canada, or seek an order for such other
relief as the Court may permit, after July 1, 2008 based on the
reports from Bell Canada to that date and any other relevant
Look is very pleased with the decision of the Ontario Superior Court of
Justice and is hopeful that this Order will allow Look to proceed with its
Statement of Claim against Bell Canada on an expedited basis as originally
agreed to in July 2007.
About Look Communications Inc.
Look's mission is to be an M(3) - Mobile Multi Media - entertainment and
information service provider in Ontario and Québec. The Corporation currently
delivers a full range of communications services, including high-speed and
dial-up Internet access, Web applications, digital television distribution,
and superior customer service to both the business and residential markets.
Look's shares are listed on the TSX Venture Exchange under the symbols "LOK"
for Multiple Voting Shares and "LOK.A" for Subordinate Voting Shares. Look's
website may be found at www.look.ca.
The corporate information contained in this release includes
forward-looking statements regarding future events and the future performance
of Look that involve risks and uncertainties that could cause actual results
to differ materially. Assumptions used in the preparation of such information,
although considered reasonable by Look at the time of preparation, may prove
to be incorrect. The actual results achieved may vary from the information
provided herein and the variations may be material. Consequently, there is no
representation by Look that actual results achieved will be the same in whole
or in part as those forecasts.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Peter Block, Investor and Media Relations,
email@example.com, (403) 531-0331, (416) 586-0180