Toronto, Ontario - October 24, 2008 - Q9 Networks Inc. ("Q9") (TSX: Q) announced today the closing of the previously announced plan of arrangement pursuant to which an affiliate of ABRY Partners, LLC ("ABRY"), CDC Acquisition II Corp., has purchased all of the outstanding common shares (other than those owned by ABRY or its affiliates) of Q9 (the "Common Shares"), at a price of C$17.05 per common share. As a result of completing all of the steps necessary to implement the plan of arrangement, CDC Acquisition II Corp. now owns all of the issued and outstanding Common Shares.