Copernic Shareholders Approve Sale of Search Assets To Empresario
2009年6月18日 - 5:32AM
Marketwired
Copernic Inc. (the "Company") (NASDAQ: CNIC), a leading software
development company in the technology sector, specializing in
internet, desktop and mobile search products, today announced that
its shareholders have approved the sale of Mamma.com and its third
party Ad Network to Empresario, a privately owned digital media
network based in Chicago, Illinois. Pursuant to the sale agreement
entered into between Copernic and Empresario, Empresario shall pay
the purchase price of USD $ 5 million in twenty-five monthly
instalments of USD $ 200,000. Other payment terms contained in the
sale agreement were provided in the press release dated May 14,
2009 and in the management information circular sent to the
shareholders prior to the Annual and Special Shareholders' Meeting.
The transaction was approved by the required majority of
shareholders at the Company's Annual and Special Shareholders'
Meeting held earlier today.
Subject to the satisfaction of various customary closing
conditions and the satisfaction of other terms of the sale
agreement, the closing of the sale is scheduled to take place on
June 30, 2009.
On behalf of management and employees of Copernic, I thank our
shareholders for their continued support, stated Marc Ferland,
President and CEO of Copernic.
Also today, the Company announced that at the Annual and Special
Meeting of Shareholders, six directors were elected to the board:
Claude E. Forget, David Goldman, Irwin Kramer, Dr. David Schwartz,
Marc Ferland and Lawrence Yelin. Additionally, Raymond Chabot Grant
Thornton, Chartered Accountants, was appointed as the auditors of
the Company for the ensuing year.
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling
cutting-edge search technology. They also provide 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.
About Empresario Inc.
Empresario is a privately owned digital media network based in
Chicago, Illinois. Empresario operates a meta-search platform,
multiple content driven community sites, and an advertiser network
that spans across several vertical markets.
Empresario also offers quality web services to distinguished
publishers. Its white-label product line allows digital publishers
to leverage Empresario's web applications and network
infrastructure under their own brands.
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 any 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 418-527-0528 / Toll Free: 877-289-4682 #139
mferland@copernic.com www.copernic-inc.com
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