C2 Global Technologies Licenses Korean Patents

TORONTO, ONTARIO, Jun 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 license agreement for its Korean patents covering
Voice over Internet Protocol ("VoIP") technology.

The license covers C2's two existing patents in the Republic of Korea and
any patents that issue from those patents. The license represents a
breakthrough as it is the first license that C2 has negotiated for its
foreign patents. C2 also holds VoIP patents in Australia, Canada, China
and Europe and intends to pursue licenses in those jurisdictions.

In addition to an initial upfront payment, C2 will receive 50 per cent of
the net proceeds from the enforcement of the patents, whether by
sub-licensing or litigation, during the term of the agreement. Beginning
in the third year of the agreement, C2 is entitled to receive
predetermined minimum amounts. Additional payments are required if the
licensee itself provides telecommunications services utilizing the
patents.

Allan Silber, Chairman & CEO of Counsel and C2 said "Finding the right
partner is a long and arduous task that has taken us a number of years to
structure and implement. We are confident that the professionals and
sponsorship of our Korean licensee will create success as we move forward
together."

"We believe that C2 holds foundational patents in VoIP technology, which
have the potential to generate significant licensing and royalty
revenue", added Mr. Silber. "During 2008, C2 successfully negotiated
settlement and license agreements with AT&T, Qwest, Global Crossing,
Level 3 Communications, Verizon and Sprint in the United States. C2
continues to pursue licenses with companies that are using its patented
technology in the U.S."

About Counsel Corporation

Counsel Corporation (TSX: CXS) is a private equity investor and
alternative asset manager that actively partners with businesses to
achieve shared success and to unlock value through leveraging its
relationships, access to capital and strategic market experience. For
further information, please visit Counsel's website at
www.counselcorp.com.

About C2 Global Technologies Inc.

C2's (OTCBB: COBT) primary business is the development and licensing of
its patents, which include two foundational patents in VoIP technology.
C2 is also involved in the acquisition and disposition of distressed and
surplus assets through its interest in Counsel RB Capital LLC. For
further information, please visit C2's website at www.c-2technologies.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 and C2's expectations, should be considered as forward-looking
statements. Such statements are based on knowledge of the environment in
which Counsel and C2 currently operate, but because of the factors listed
herein, as well as other factors beyond their 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 and C2's securities and other regulatory filings.

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

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