Securities Decisions and Freeze and cease trade orders

Montréal – At the request of the Autorité des marchés financiers (AMF) and further to the recommendation of the Bureau de décision et de révision en valeurs mobilières (BDRVM), the Québec Minister of Finance has appointed Jean Robillard of the firm Raymond, Chabot, Grant, Thornton as provisional administrator to administer the assets of Honeybee Media Corporation and Honeybee Systems America Inc.

Honeybee Media Corporation and Honeybee Systems America Inc. are sales management organizations that generate revenue through magazine subscriptions while Mount Real Corporation subsidiaries acquire the subscription contracts. Both companies are alleged to have misappropriated revenue belonging to or intended for Mount Real Corporation, Gestion MRACS Ltée and/or Real Assurance Acceptance Corporation.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.

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Information:

Media only:
Philippe Roy (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, choose option 9 for English, then 1 for industry
Consumers and investors: (877) 525-0337, choose option 9 for English, then 8 for consumers