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Not for Distribution to US Newswire Services or for Distribution in the United States.
Q9 Networks Inc. Announces Closing of Its Initial Public Offering
Toronto, ON - April 29, 2004 - Q9 Networks Inc. (TSX: Q) announced today the closing of its initial public offering of 3,810,000 common shares at a price of $8.50 per share.
CIBC World Markets Inc. and TD Securities Inc. are co-lead managers of the underwriting syndicate, which also includes BMO Nesbitt Burns Inc., GMP Securities Ltd., RBC Dominion Securities Inc. and Scotia Capital Inc.
Q9's common shares began trading today on the Toronto Stock Exchange under the symbol Q.
"We are delighted to have achieved this significant milestone," says Osama Arafat, CEO, Q9 Networks. "Supported by the proceeds from this offering, we look forward to embarking on the next stage of our growth. We are committed to executing our vision of providing highly reliable infrastructure services to Canadian companies with mission-critical Internet operations."
This press release does not constitute an offer to sell or the solicitation of an offer to buy common shares of Q9 Networks in the United States.
About Q9 Networks
Q9 Networks is a leading Canadian provider of outsourced Internet infrastructure and related managed services. 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, please contact:
Q9 Networks
Kevin Spikes
Director of Corporate Communications
Q9 Networks Inc.
Toronto: 416-365-7211
1-888-696-2266
media.relations@Q9.com
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