(TSX: NTI; OTCBB: NTLNF)
TORONTO, Feb. 7 /CNW/ - Northcore Technologies Inc. (TSX: NTI; OTCBB:
NTLNF), a global provider of asset management technology solutions, is
pleased to provide a corporate update on a number of activities.
Northcore announced that it has completed the contract renewal with a
major strategic partner for the provision of application delivery and
hosting services. The partner will be continuing to employ the Asset
Seller and Asset Tracker Working Capital Engine that it has used to
great advantage over the past term.
In addition, Northcore would like to announce the scheduling of an
Annual General Meeting of the Shareholders, which will be held on
Tuesday, April 26, 2011, at 3:00 pm EST, TSX Gallery.
"We are gratified by this latest contract renewal from a key strategic
partner. We believe that this reaffirms the strength of our existing
relationships and the benefits of our Working Capital Engine. In
addition, we anticipate releasing details regarding the launch and
branding of our Dutch Auction group purchase initiative later this
month. Management remains committed to executing our plan for 2011 to
the benefit of all shareholders and partners," said Duncan Copeland,
CEO of Northcore Technologies.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
About Northcore Technologies Inc.
Northcore Technologies provides a Working Capital Engine™ that helps
organizations source, manage, appraise and sell their capital
equipment. Northcore offers its software solutions and support
services to a growing number of customers in a variety of sectors
including financial services, manufacturing, oil and gas and
Northcore owns 50 percent of GE Asset Manager, LLC, a joint business
venture with GE. Together, the companies work with leading
organizations around the world to help them liberate more capital value
from their assets.
Additional information about Northcore can be obtained at www.northcore.com.
This news release may include comments that do not refer strictly to
historical results or actions and may be deemed to be forward-looking
within the meaning of the Safe Harbor provisions of the U.S. federal
securities laws. These include, among others, statements about expectations of future revenues, cash flows, and
cash requirements. Forward-looking statements are subject to risks and
uncertainties that may cause Northcore's results to differ materially
from expectations. These risks include the Company's ability to raise
additional funding, develop its business-to-business sales and
operations, develop appropriate strategic alliances and successful
development and implementation of technology, acceptance of the
Company's products and services, competitive factors, new products and
technological changes, and other such risks as the Company may identify
and discuss from time to time, including those risks disclosed in the
Company's Form 20-F filed with the Securities and Exchange
Commission.Accordingly, there is no certainty that the Company's plans
will be achieved. Important factors that could cause actual results to
differ materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the Toronto Stock
Exchange, on SEDAR (the System for Electronic Document Analysis and
Retrieval at www.sedar.com) and the US Securities and Exchange Commission. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy
securities of the Company in any jurisdiction.
SOURCE Northcore Technologies Inc.
For further information:
Northcore Technologies Inc.
Tel: (416) 640-0400 ext. 273