Louis Lessard and GMSL Financial S.A. (the "Concerned Shareholders") announced
today that they are soliciting proxies from their fellow shareholders to elect
their nominees (the "Concerned Shareholders' Nominees") to replace the incumbent
directors (the "Incumbent Directors") of Fortsum Business Solutions Inc.
("Fortsum" or the "Corporation")(TSX VENTURE:FRT) at its annual and special
meeting of shareholders to be held on May 26, 2008. The Concerned Shareholders'
Nominees are: Robert Boisjoli, Giuseppe Crisafi, Raymond Cyr, Louis Lessard,
Richard Provencher, Jean St-Hilaire and Paul St-Louis. Raymond Cyr brings his
business and technology industry knowledge and experience, Guiseppe Crisafi,
Robert Boisjoli and Paul St-Louis collectively bring their M&A and international
financial backgrounds. Richard Provencher brings his legal and corporate
background as a Canadian business lawyer. Louis Lessard and Jean St-Hilaire have
been with the Corporation since day one and represent the board of directors'
continuity as well as links with various important shareholders.


If elected to the board, the Concerned Shareholders' Nominees will take all
necessary steps to maximize shareholder value to the benefit of all
shareholders. For that purpose, they intend to cause the Corporation to retain
the services of GMP Securities L.P. as its financial advisors in order to
explore all options available to the Corporation.


The Concerned Shareholders believe their fellow shareholders should elect the
Concerned Shareholders' Nominees because, among other things:


- Six of the Concerned Shareholders' Nominees are shareholders of the
Corporation and their sole objective is to create value for all shareholders.
They collectively beneficially own, control or direct, directly or indirectly,
10,083,600 common shares of the Corporation, representing 21.45% of the
Corporation's outstanding common shares.


- The combined expertise of the Concerned Shareholders' Nominees will enable
them to maximize shareholder value.


The Concerned Shareholders believe that their fellow shareholders should replace
the Incumbent Directors because they have collectively failed to increase
shareholder value.


Collectively, the Concerned Shareholders beneficially own, control or direct,
directly or indirectly, 9,330,600 common shares of the Corporation, representing
19.85% of the Corporation's outstanding common shares. In accordance with the
early warning system, Louis Lessard and other Concerned Shareholders also
announced today that they may purchase additional shares in accordance with
applicable securities laws, including possibly under a take-over bid.


Additional information can be found in the Concerned Shareholders' dissident
proxy circular, which will be available on SEDAR at www.sedar.com.


Forward-Looking Statements

Unless otherwise noted, the information concerning the Corporation in this press
release has been taken from or is based upon publicly available documents or
records on file with Canadian securities regulatory authorities and other public
sources. Although the Concerned Shareholders do not have knowledge that would
indicate that any such information is untrue or incomplete, the Concerned
Shareholders do not assume any responsibility for its accuracy or completeness,
or for any failure by the Corporation to disclose publicly events or facts that
have occurred or that may affect the significance or accuracy of any such
information.


Certain statements contained in this press release constitute forward-looking
statements. The words "may", "would", "could", "will", "intend", "plan",
"anticipate", "believe", "estimate", "expect" and similar expressions, as they
relate to the Concerned Shareholders, the Corporation or its future management,
often identify forward-looking statements.


Such statements reflect the Concerned Shareholders' current views with respect
to future events and are subject to certain risks, uncertainties and
assumptions. Many factors could cause the Corporation's actual results,
performance or achievements that may be expressed or implied by those
forward-looking statements to vary from those described in this press release
should one or more of these risks or uncertainties materialize. Such factors
include, but are not limited to, economic, business, technological and
competitive factors.


Fortsum Business Solutions I (TSXV:FRT)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Fortsum Business Solutions I Charts.
Fortsum Business Solutions I (TSXV:FRT)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Fortsum Business Solutions I Charts.