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Intasys to Sell Billing Technology Subsidiaries-Focus Exclusively on Profitable Mamma.Com Earlier today Intasys Corporation, (the "Company"), (NASDAQ: INTA - News), announced that it had received and accepted, subject to completion of due diligence, an offer for the sale of its wireless billing subsidiaries, Intasys Billing Technologies, ("IBT"). The Company orally agreed, in principle, to this sale, in order to concentrate exclusively on its profitable and growing meta-search engine and on-line marketing business, Mamma.com Inc. Although Management anticipates closing a sale of IBT before the end of the current year, the prospective buyer has just commenced due diligence and there can be no assurance that the results of the due diligence will satisfy the prospective buyer. In addition, any sale of IBT will be subject to the negotiation, execution and closing of a definitive agreement of purchase and sale, approval by the Company`s Board and other customary conditions. There can be no assurance that the Company and the prospective buyer will be able to negotiate a mutually acceptable definitive agreement, including the purchase price for the IBT sale, or that the conditions to the closing of the definitive agreement can be satisfied or waived in order to close the sale. 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. Vergleichbare Suchmaschinen sind das Dreifache wert. Das ist ein Schnäppchen, wie man es nicht jeden Tag bekommt. Jetzt noch günstig eindecken, wenn die Amis aufwachen, ist es zu spät! |
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| aus der Diskussion: | INTASYS: DER VERLUSTBRINGER IST WEG! HIER STEHT EINE NEUBEWERTUNG AN! |
| Autor (Datum des Eintrages): | Trend Investor (12.09.03 12:33:22) |
| Beitrag: | 1 von 7 (ID:10716242) |
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