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CALL GENIE ANNOUNCES CLOSING OF AGGREGATE $2,500,000 OF FINANCINGS INCLUDING CONVERTIBLE DEBENTURE

August 13, 2010

Toronto, Ontario - August 13, 2010 - Call Genie Inc. (TSX: GNE) today announced that it has distributed an aggregate amount of $1,625,000 principal amount of convertible secured debentures through a brokered private placement with Wolverton Securities Ltd., as well as closed on $875,000 in a non-brokered secured debt financing. 

The Debenture financing provides that the principal amount of the Debentures will bear interest at a rate of 15% per annum, payable semi-annually, and that the Debentures will mature two years from the closing date.  At the option of the Debenture holder, principal under the Debentures will be convertible into common shares of the Company based on a conversion price of $0.10 per share. 

In addition, each Debenture holder will receive 2,000 warrants per $1,000 principal amount of Debentures.  Each warrant will entitle the holder to purchase one common share of the Company, at an exercise price of $0.12, at any time and from time to time until the date that is four years following the date of issue of the warrants. 

The Company will provide the Debenture holders a General Security Agreement over the assets of the Company, as well as a secured interest in certain other assets not related to the Company made available from the Company's Chairman of the Board or companies controlled by same.

The debentures have not been, and will not be, registered under the United States Securities Act of 1933.
The Company also completed a non-brokered private placement of debt for proceeds of $875,000.  Such debt financing included participation by certain insiders of the Company including the Chairman of the Board, CEO and CFO and will bear interest at 15%.  At the option of the Company, repayment may be made via interest only payments where the principal is repaid at the end of the two year term for an additional 2.5% interest. The Company will reserve the right to pre-pay such debt prior to maturity and without penalty. This debt will share in the security with the Debenture holders above on a pari passu basis. 

About Call Genie Inc.

Call Genie is a leading global provider of local mobile search and advertising solutions that connect ready to transact consumers directly with local merchants for local directory businesses, directory assistance services and local media publishers. Call Genie solutions offer an exceptional experience for both advertisers and consumers and are deployed in 11 countries around the world.  Call Genie has been awarded the Excellence in Integrated Ad Management award by the Pelorus Group, has won the Yellow Page Association Industry Excellence Award for Marketing Innovation, the Whitaker Innovation Award, the 118 Tracker Award for both Technology Innovation in the UK and most recently, Outstanding Contribution to the Industry. www.callgenie.com.

For More Information 

  
Alex Blodgett, Investor Relations
Tel: +1 403 410 6875
mail: alex.blodgett@callgenie.com


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