TORONTO, Feb. 1 /CNW/ - Q9 Networks Inc. (TSX:Q), announced today that it
has established an automatic plan under which its broker, GMP Securities Ltd.,
will purchase common shares of Q9 pursuant to Q9's previously announced normal
course issuer bid (NCIB).
The plan defines a pre-arranged set of criteria in accordance with which
share purchases will be made automatically. The plan will enable the purchase
of Q9's common shares at any time, including when Q9 would not ordinarily be
active in the market because of internal trading blackout periods, insider
trading rules or otherwise.
The plan will terminate on the earliest of: the date on which the
purchase limits specified in the plan have been attained, the date on which
the normal course issuer bid terminates, and March 31, 2008. All purchases
will be made on the open market through the facilities of the Toronto Stock
Exchange (TSX) in accordance with the requirements of the TSX.
Q9 anticipates renewing the plan from time to time during the course of
its NCIB to enable purchases of Q9's common shares to be made during internal
blackout periods or other periods as determined by Q9's board of directors.
About Q9 Networks:
Q9 Networks is a leading Canadian provider of outsourced data centre
infrastructure for organizations with mission-critical IT operations. Q9's
data centres and network are backed by an industry leading SLA which
guarantees 100% network and power availability. Q9 managed services,
including: bandwidth, dedicated servers, firewalls, load balancing, virtual
private networking (VPN) and back-up/restore, enable the rapid provisioning
and scalability of client infrastructure.
For further information:
For further information: Kevin Spikes, Director of Corporate & Investor
Relations, Q9 Networks, Toronto: (416) 848-3311, Toll Free: 1-888-696-2266,