Close of Sale of Copernic Search Assets to Empresario

Thu Jul 9, 2009 5:10pm EDT
 
[-] Text [+]
  MONTREAL, QUEBEC, Jul 09 (MARKET WIRE) -- 
Copernic Inc. ("Copernic" or the "Company") (NASDAQ: CNIC) today
announced that it completed the sale of Mamma.com and its third party Ad
Network to Empresario Inc., a privately owned digital media network based
in Chicago, Illinois.

    "The closing of this transaction took place as planned on June 30th, 2009
which will allow us to reflect the details in our Q2 results" stated Marc
Ferland, President and CEO of Copernic. "Although we have now closed an
important chapter in the history of the company we look forward to
generating shareholder value with a more focused Company."

    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
Toll Free: 877-289-4682 ext.139 / 418-527-0528
mferland@copernic.com
www.copernic-inc.com

Copyright 2009, Market Wire, All rights reserved.

-0-

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video