Mediagrif announces final results of modified Dutch auction issuer bid



    LONGUEUIL, QC, Sept. 26 /CNW Telbec/ - Mediagrif Interactive Technologies
Inc. (TSX: MDF), a world-leading developer of e-business networks and provider
of complete e-business solutions, today announced the results of its modified
Dutch auction issuer bid to repurchase common shares, which expired at    
5:00 p.m. (EDT) on September 25, 2007 (the "Offer").
    Based on the final count by the depositary for the Offer, 7,667,459
common shares were properly tendered and not properly withdrawn. Pursuant to
the terms of the Offer, Mediagrif determined the Purchase Price to be        
C$8.70 per common share to allow it to take up the maximum number of common
shares deposited to the Offer for an aggregate purchase amount of
approximately C$25 million. After the purchase of odd lots, the common shares
will be taken up on a pro rata basis such that shareholders, who deposited
common shares at or below the purchase price of C$8.70 per share, will have
approximately 71% of the common shares they tendered purchased for
cancellation.
    Mediagrif will therefore purchase for cancellation 2,873,563 common
shares deposited pursuant to the Offer at a price of C$8.70 per share, for a
total cost of approximately C$25 million.
    The depositary will promptly issue payment for the shares accepted for
purchase in the Offer. Any shares improperly tendered will be returned
promptly to stockholders by the depositary.
    The number of common shares that Mediagrif accepted for purchase in the
Offer represents approximately 16% percent of its currently outstanding common
shares. In the Offer, Mediagrif offered to purchase up to 3,205,128 of its
common shares at a price not less than C$7.80 nor greater than C$9.50 per
share, for a maximum aggregate purchase price of up to C$25 million.
    RBC Capital Markets acted as dealer manager and financial advisor in
connection with the substantial issuer bid.

    About Mediagrif Interactive Technologies Inc.

    Mediagrif Interactive Technologies Inc. (TSX: MDF) is a world-leading
operator of e-business networks and provider of complete e-business solutions.
Mediagrif's e-business networks allow buyers and sellers within specific
industries to source, purchase or sell products and to exchange documents more
efficiently using the Internet. Mediagrif operates 14 networks, including
industry leaders www.brokerforum.com, www.powersourceonline.com,
www.telecomfinders.com, www.globalwinespirits.com and www.polygon.net.
Mediagrif also owns MERX, www.merx.com, the exclusive provider of e-publishing
services to the Government of Canada, and is a leading provider of government
bid aggregation services and e-procurement services in the U.S. Headquartered
in Longueuil, Mediagrif has various offices in Canada, the U.S, China, India
and Dubai. For more information, please visit us at www.mediagrif.com or call
1 877 677-9088.

    This press release contains forward-looking information or
forward-looking statements within the meaning of applicable securities
legislation ("forward-looking statements"). Any statements that express or
involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, potentials, future events or performance
(often, but not always, using words or phrases such as "believes", "expects"
or "does not expect", "is expected", "anticipates" or "does not anticipate",
or "intends" or stating that certain actions, events or results "may",
"could", "would", "might" or "will" be taken or achieved) are not statements
of historical fact, but are forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements of Mediagrif,
or developments in Mediagrif's business or in its industry, to differ
materially from the anticipated results, performance, achievements or
developments expressed or implied by such forward-looking statements.
Forward-looking statements may include, but are not limited to: market price
of the Common Shares make their purchase an attractive and appropriate use of
Mediagrif's corporate funds. It is important to note that: unless otherwise
indicated, forward-looking statements in this press release describe
Mediagrif's expectations as of the date of this press release; Mediagrif
cautions readers not to place undue reliance on the forward-looking statements
in this press release as actual results may differ materially from
expectations if known and unknown risks or uncertainties affect Mediagrif's
business, or if estimates or assumptions prove inaccurate. Therefore,
Mediagrif cannot provide any assurance that forward-looking statements will
materialize and Mediagrif assumes no obligation to update or revise any
forward-looking statement, whether as a result of new information, future
events or other reason.
    %SEDAR: 00014324EF




For further information:

For further information: Mediagrif Interactive Technologies Inc.:
Catherine Allard, Chief Financial Officer, (450) 677-8797 ext. 2133,
callard@mediagrif.com; Kathy Roberge, Director, Communications, (450) 677-8797
ext. 3014, kroberge@mediagrif.com


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