Q9 Networks Inc. Completes Plan of Arrangement

    TORONTO, Oct. 24 /CNW/ - Q9 Networks Inc. ("Q9") (TSX: Q) announced today
the closing of the previously announced plan of arrangement pursuant to which
an affiliate of ABRY Partners, LLC ("ABRY"), CDC Acquisition II Corp., has
purchased all of the outstanding common shares (other than those owned by ABRY
or its affiliates) of Q9 (the "Common Shares"), at a price of Cdn$17.05 per
common share. As a result of completing all of the steps necessary to
implement the plan of arrangement, CDC Acquisition II Corp. now owns all of
the issued and outstanding Common Shares.
    Q9 shareholders who hold their Common Shares through a broker or other
financial intermediary will receive cash payment of the purchase price for
their Common Shares through the broker or other financial intermediary,
following the deposit by the broker or financial intermediary of share
certificates with CIBC Mellon Trust Company, the depositary for the plan of
arrangement. Shareholders who hold their Common Shares in registered form will
receive cash payment of the purchase price following the deposit of their Q9
share certificates with the depositary in accordance with the instructions
contained in the Letter of Transmittal previously sent to registered
shareholders. Any questions regarding payment of the purchase price, including
any request for an additional copy of the Letter of Transmittal, should be
directed to the depositary via telephone at 1-800-387-0825 (toll free in North
America) or 416-643-5500 or via email at inquiries@cibcmellon.ca.
    With the completion of the plan of arrangement, Q9's Common Shares will
cease to be listed for trading on the Toronto Stock Exchange.

    Forward Looking Statements

    This media release includes certain forward-looking statements within the
meaning of applicable securities laws relating to the proposal to acquire all
of the outstanding shares of Q9. Any statements contained herein that are not
statements of historical facts may be deemed to be forward-looking statements.
    Readers are cautioned not to place undue reliance on forward-looking
statements. Actual results and developments may differ materially from those
contemplated by these statements. Q9 does not intend, and disclaims any
obligation, except as required by law, to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise.

    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 per cent 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.

    About ABRY

    Based in Boston, Massachusetts, ABRY Partners enjoys a position as one of
the most experienced and successful media and communications focused private
equity investment firms in North America. Since 1989, ABRY Partners has
completed over $21 billion of leveraged transactions and other private equity
and mezzanine investments, representing investments in more than 500 media and
communications properties. Extensive and long-standing relationships with many
different stakeholders in the media, communications and finance businesses
allow ABRY Partners to contribute significant value to operating partners and
portfolio companies. ABRY Partners has extensive experience in data centre
space through its existing U.S. data centre portfolio companies CyrusOne and
Hosted Solutions. More information is available at www.abry.com.

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,
media.relations@Q9.com, www.Q9.com; CDC Acquisition II Corp., Suite 4400, 181
Bay Street, Toronto, ON, M5J 2T3

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