Call Genie Reports First Quarter 2009 Financial Results and Enters Into Financing Agreement

TORONTO, ONTARIO, May 19 (MARKET WIRE) --
Call Genie (TSX: GNE), a leading provider of mobile local search and
advertising solutions, today announced financial results for the three
months ended March 31, 2009.

First Quarter 2009 Results

- Deferred Revenues of $1.1 million compares to $0.7 million in Q1, 2008.

- Recognized revenues of $0.9 million compares to $1.0 million for Q1,
2008.

- Net loss excluding stock based compensation expense was $3.2 million
compared to $4.6 million in 2008.

- Net loss of $3.2 million ($0.04 per share) compares to $5.0 million
($0.06 per share) for the first quarter in 2008.

- Cash used in operations was $2.8 million compared to $4.2 million for
the first quarter of 2008.

- At March 31, 2009 the Company had a cash balance of $2.0 million. The
cash balance does not include the additional working capital secured in
the debt financing.

Highlights

- Subsequent to March 31, 2009, the Company entered into an agreement to
obtain $1.5 million of debt financing. The debt, structured as a
convertible debenture, provides that the principal amount of the
debentures will bear interest at a rate of 10% per annum, payable
semi-annually, and that the debentures will mature on May 30, 2012.
Principal and accrued interest under the debentures will be convertible
into common shares of the Company based on a conversion price of $0.50
per share. Completion of the debenture financing is subject to the
receipt of all necessary regulatory approvals.

- Net loss excluding stock based compensation expense of $3.2 million
represents the lowest quarterly loss since the second quarter of 2007 and
represents the 4th straight quarter of declining quarter net loss
excluding stock based compensation expense.

- Total Cash used in the quarter was $3.0 million compared to $4.9
million for the first quarter of 2008.

- The Days Sales Outstanding (DSO) improved to 89 days at March 31, 2009
compared to 134 days on March 31, 2008. Accounts Receivable at March 31,
2009 totaled approximately $0.9 million compared to $1.5 million at March
31, 2008.

Mr. Michael Durance, the Company's Chief Executive Officer, remarked,
"Despite the extremely poor economic climate, the company has
successfully secured additional working capital financing. The financing
will be used to support the growing number of customer projects for which
the Company has been engaged."

This news release Call Genie should be read in conjunction with Call
Genie's audited financial statements and the accompanying notes as at and
for the three months ended March 31, 2009 and the related Management
Discussion and Analysis ("MD&A"), which have been filed with certain
securities regulatory authorities in Canada and available on SEDAR
(www.sedar.com) and on the Call Genie website at www.callgenie.com.

"Net Loss before stock compensation expense", a non-GAAP measure as
defined by the Company, means Net Loss without the inclusion of any
stock-based compensation expense and is derived from the Company's
consolidated statement of operations. Readers are cautioned that non-GAAP
measures do not have standardized meanings prescribed by GAAP. Net loss
before stock compensation expense should not be construed to be an
alternative to net income determined in accordance with GAAP or an
indicator of performance or liquidity or cash flows. The Company's method
of calculating non-GAAP measures may differ from methods used by other
entities and accordingly our measures may not be comparable to similarly
titled measures used by other entities. The Company uses net loss before
stock compensation expense because it believes the measure provides
useful information to both management and investors with respect to the
operating and financial performance of the Company.

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, and the 118 Tracker
Awards for both Technology Innovation in the UK and most recently,
Outstanding Contribution to the Industry. www.callgenie.com.

The TSX
Exchange has neither approved nor disapproved the contents of this news
release.

Contacts:
Call Genie Inc.
Alex Blodgett
Investor Relations
(403) 410-6875
Email: alex.blodgett@callgenie.com
Website: www.callgenie.com

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