TORONTO, Nov. 14, 2013 /CNW/ - Data & Audio-Visual Enterprises Holdings
Inc. and its affiliates (collectively, Mobilicity) announce that the Ontario Superior Court of Justice (Commercial List)
has approved the plan of Mobilicity and the Court-appointed monitor,
Ernst & Young Inc. (the "Monitor"), to conduct certain procedures to market for sale all or
substantially all of the business and assets or shares of Mobilicity
(the "Sale Procedures").
The Sale Procedures contain certain deadlines, including a requirement
that potential bidders deliver certain qualification information no
later than 10:00 p.m. (ET) on December 2, 2013, and a requirement that
qualified bidders submit final bids no later than 5:00 p.m. (ET) on
December 9, 2013.
Details of the Sale Procedures, including the process for interested
parties to request access to conduct due diligence, are available from
the Monitor's website at www.ey.com/ca/mobilicity.
About Mobilicity (DAVE Wireless)
Formerly known as Data & Audio-Visual Enterprises Wireless Inc. (DAVE
Wireless), further information about Mobilicity can be found at www.mobilicity.ca.
For further information:
Inquiries regarding the Sale Procedures:
Mr. Michael Levin, Managing Director
Phone: (416) 867-6012
Fax: (416) 869-3876
Ernst & Young Inc., Court-appointed Monitor
Mr. Sajjad Mahmood, Vice President
Phone: (416) 943-5395
Fax: (416) 943-3300
Joel Shaffer, Longview Communications