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Intasys to Sell Billing Technology Subsidiaries-Focus Exclusively on Profitable Mamma.Com Tuesday September 9, 10:11 am ET MONTREAL--(BUSINESS WIRE)--Sept. 9, 2003--Intasys Corporation, (the "Company"), (NASDAQ:INTA - News), announces that it has received an offer for the sale of its wireless billing subsidiaries, Intasys Billing Technologies, ("IBT"). The Company has agreed to this sale in order to concentrate exclusively on its profitable and growing meta-search engine and on-line marketing business, Mamma.com Inc. Due diligence is presently under way, and Management expects this transaction to close before the end of the current year. Intasys` Chairman and CEO David Goldman stated that: "As the Company recently reported, `management is actively exploring ways of dealing with IBT to maximize its value for our shareholders`. This contemplated sale is seen as the best way of realizing the maximum value of IBT for our shareholders, while allowing the Company to concentrate its resources on the continued growth of our highly successful leading meta-search engine and one-stop-shop on-line marketing business, Mamma.com Inc. "As previously reported, Mamma.com`s revenues and earnings before taxes grew significantly in the first half of 2003, and Mamma.com has now been profitable for five consecutive quarters. Our current cash and cash equivalents, combined with the contemplated proceeds from the sale of IBT should enable us to more aggressively pursue our policy of achieving accelerated growth through M & A opportunities complimentary to Mamma.com" concluded Goldman. |
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| aus der Diskussion: | Intasys... |
| Autor (Datum des Eintrages): | cod (09.09.03 16:24:15) |
| Beitrag: | 33 von 210 (ID:10685286) |
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