Counsel RB Capital Earns US$2.1 Million on Sale of Aleris Aluminum Assets

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Toronto, ON --(www.USEquityNews.com)-- 04/15/2010 - Counsel Corporation (TSX:CXS) announced today that its Counsel RB Capital LLC ("Counsel RB") subsidiary, as part of a consortium, has completed the sale of the former Aleris Aluminum manufacturing facility in Trois-Rivieres, Quebec to an overseas purchaser for approximately $25 million. All amounts are stated in U.S. dollars unless otherwise noted.


Counsel RB and its partners purchased the Aleris Aluminum assets in November of 2009. Counsel RB's interest in the transaction has yielded a gain of approximately $2.1 million after expenses.

"This was a great investment for us and is an indication of the types of deals we are seeing", said Jonathan Reich, Co-CEO of Counsel RB. "We are extremely pleased with our return on investment, and feel that it reflects the hard work and skill sets of our entire team", added Adam Reich, Counsel RB's other Co-CEO.
"Aleris is an excellent example of the type of transaction that Counsel RB looks for. Counsel RB and its partners purchased Aleris' equipment and premises (totaling more than two million square feet). On these types of deals we are able to combine the skills and great reputation of the Reich brothers, who have over 20 years of experience in the field of asset liquidation, with, when required, the real estate expertise of Counsel Corporation", said Allan Silber, Chairman and CEO of Counsel Corporation and C2 Global Technologies Inc. (OTCBB:COBT). C2, 91%-owned by Counsel Corporation, owns Counsel RB in partnership with its Co-CEOs.
Mr. Silber added "We are very pleased with the progress that Counsel RB has made since it commenced operations in the second quarter of 2009. Since inception, we have completed 11 deals, each providing a solid return on investment. We are allocating more of our energy and resources to build this fast growing and important business. In the future, we plan to announce all Counsel RB transactions that have a bottom line impact of at least $500,000."

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 Counsel RB Capital LLC

Counsel RB Capital LLC specializes in the acquisition and disposition of distressed and surplus assets throughout the United States and Canada, including industrial machinery and equipment, real estate, inventories, accounts receivables and distressed debt. In addition to purchasing various types of assets, Counsel RB also arranges traditional asset disposition services such as on-site and webcast auctions, liquidations and negotiated sales.

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. 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 each currently operates, but because of the factors listed herein, as well as other factors beyond Counsel's or C2'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 and C2's securities and other regulatory filings.

Contact Information:
For more information, please contact
Counsel Corporation
Stephen Weintraub
Executive Vice President, Secretary & CFO
(416) 866-3058
saw@counselcorp.com

U.S. Equity News
Tel: (949) 517-2426
Email: info@usequitynews.com

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