Counsel Corporation Subsidiary Settles Patent Infringement Suit

TORONTO, ONTARIO, Sep 29 (MARKET WIRE) --
Counsel Corporation ("Counsel") (TSX: CXS) is pleased to announce that
its 91%-owned subsidiary, C2 Global Technologies Inc. ("C2")(OTCBB:
COBT), has entered into a Settlement and License Agreement with the
remaining defendants (Qwest, Global Crossing and Level 3) in its patent
infringement litigation in Texas. The Settlement and License Agreement
also includes Sonus Networks, Inc. as a licensee. The terms of the
Agreement are confidential.

In June 2006, C2 filed a patent infringement lawsuit against AT&T, Inc.,
Verizon Communications, Inc., Qwest Communications International, Inc.,
Bellsouth Corporation, Sprint Nextel Corporation, Global Crossing
Limited, and Level 3 Communications, Inc. The complaint was filed in the
Marshall Division of the United States District Court for the Eastern
District of Texas and alleged that the defendants' services and systems
utilizing Voice over Internet Protocol ("VoIP") infringed C2's U.S.
Patent No. 6,243,373, entitled "Method and Apparatus for Implementing a
Computer Network/Internet Telephone System". The trial commenced earlier
this month.

The settlement and license agreements resulting from the lawsuit have
yielded US$17.6 million in aggregate revenue for non-exclusive, fully
paid up licenses under any of C2's patents, to make, use, sell or
otherwise dispose of any goods and services based on such patents.

Allan Silber, Chairman & CEO of Counsel and C2 said "We are extremely
pleased with the success achieved in licensing C2's patents to companies
with the stature of the defendants in the lawsuit. This puts C2 in an
excellent position to aggressively pursue licenses from other entities
that are using its patented technology. C2 also intends to license its
corresponding patents in Australia, Canada, China and Europe."

About Counsel Corporation

Counsel Corporation (TSX: CXS) is an international asset management firm
that actively partners with businesses to achieve shared success and to
unlock value through leveraging our relationships, our access to capital
and our strategic market experience. For further information, please
visit Counsel's website at www.counselcorp.com.

Forward-Looking Statements

The statements made in this release that are not historical facts contain
forward-looking information that involves risks and uncertainties. All
statements, other than statements of historical facts, which address
Counsel's expectations, should be considered as forward-looking
statements. Such statements are based on knowledge of the environment in
which Counsel currently operates, but because of the factors listed
herein, as well as other factors beyond Counsel's control, actual results
may differ materially from the expectations expressed in the
forward-looking statements. Important factors that may cause actual
results to differ from anticipated results include, but are not limited
to, obtaining necessary approvals and other risks detailed from time to
time in Counsel's securities and other regulatory filings.

Contacts:
Counsel Corporation
Stephen Weintraub
Executive Vice President, Secretary & CFO
(416) 866-3058
Email: saw@counselcorp.com
Website: www.counselcorp.com

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