CPL Technologies Closes Acquisition of NetMarketingSolution.com Inc., a Software Developper and Marketing Service Provider
November 12 2008 - 3:43PM
Marketwired
CPL Technologies inc. ("CPL") (TSX VENTURE: CCY) announces
announces that is has received all required regulatory approvals to
complete the acquisition of NetMarketingSolution.com inc. The
transaction has been closed on Septembre 29 2008, a company
dedicated to integrating technologies in marketing activities.
The transaction was completed as previously agreed and therefore
NetMarketing' shareholders receive the amount of $2 350 081,
payable through the issuance of 12,051,699 CPL's Common at an issue
price of $0.195 per share.
Following this transaction, management was reorganised and
Gerard Lallemand becomes Chief Financial Officer. Mister Lallemand
is an experienced professionnal having served as controler for
serveral companies over the years. Until now, he was controller of
NetMarketingSolution; he will preserve continuity in the
integration of the financial activities on NetMarketingSolution
with CPL.
About CPL Technologies Inc.
CPL Technologies inc. is a recognized leader in solutions to
integrate technologies in marketing activities and customer
service. The company develops C2Enterprise(TM), a customer service
solution, GlobeMeeting(TM) for online virtual meetings,
eFlyerMaker(TM) for online direct and relational marketing and
10-4Roger(TM) a collaborative tool and community marketing
solution.
The Company delivers applications that are flexible, scalable
and easy to use supported with efficient professional services.
Over the years, CPL has acquired a wide range of customers in a
different industries. For more information, please visit our
website at www.cpltechnologies.com.
Caution concerning forward-looking statements
Except for historical information provided herein, this press
release may contain information and statements of a forward-looking
nature concerning the future performance of CPL Technologies Inc.
These statements are based on suppositions and uncertainties as
well as on management's best possible evaluation of future events.
The business of the Company and these forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results to differ from expected results. A description of
risk factors is discussed in the Company's Annual MD&A and
financial information filed with the securities regulatory
authorities in Canada. The Company's business, financial condition
or operating results could be materially adversely affected if any
of these risks and uncertainties were to materialize. Given these
risks and uncertainties, investors should not place undue reliance
on forward-looking statements as a prediction of actual
results.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Investor relations: Evolution Group Inc. Jean-Francois
Bouffard 514-448-4887; Toll free 1-866-703-4887
jf.bouffard@evolutiongrp.com www.evolutiongrp.com