Copernic Inc. Announces Normal Course Issuer Bid
2008年11月12日 - 6:15AM
Marketwired
Copernic Inc., (the "Company"), (NASDAQ: CNIC), a leading software
development company specializing in internet, desktop and mobile
search products, is pleased to announce a normal course issuer bid
under which it may purchase up to a maximum of 700,000 of its
common shares, representing approximately 5% of the issued and
outstanding common shares of the Company as of the date hereof.
Purchases under the normal course issuer bid may take place over a
twelve month period commencing on the 17th day of November, 2008
and ending on the 16th day of November, 2009. The Company reserves
the right to discontinue its normal course issuer bid at any time.
Marc Ferland, President and CEO of Copernic Inc. said: "Although
the Company's financial capabilities are limited with cash and cash
equivalents of $4.4 million at September 30, 2008, Company
fundamentals are strong and, given current share price levels, we
believe that the proposed repurchases represent a compelling
opportunity".
Purchases under the normal course issuer bid will be made
through the facilities of the NASDAQ capital market in accordance
with applicable regulatory requirements and the price paid by the
Company for any such common shares purchased will be the market
price of such shares at the time of acquisition. Common shares
purchased under the normal course issuer bid will be cancelled.
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling
cutting-edge search technology, providing innovative home and
business software products and solutions for desktop, web and
mobile users, through its online properties, including
www.mamma.com and www.copernic.com.
With its award winning Copernic Desktop Search� software search
engine product, the Company brings the power of a sophisticated,
yet easy-to-use search engine to the user's PC. Additionally,
Copernic Inc. provides both online advertising as well as pure
content to its vast array of partnerships worldwide through its
well established media placement channels. Copernic handles over
one billion search requests per month and has media placement
partnerships established not only in North America, but also in
Europe and Australia.
More information can be found at www.copernic-inc.com.
Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties that can cause actual results to differ materially
from estimated results. Such risks and uncertainties are detailed
in the Company's filings with the Securities and Exchange
Commission and the Ontario Securities Commission. The Company
expressly disclaims and intent or obligation to update any
description of the scope, focus or subject matter of the statements
in this press release.
Contacts: Copernic Inc. Marc Ferland President and Chief
Executive Officer 514-908-4339 or Toll Free: 877-289-4682 #139
mferland@copernic.com www.copernic-inc.com
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