- Acquisitions to provide Aptilon with immediate access to over 55,000
targeted online physicians -
MONTREAL, Dec. 28 /CNW/ - Aptilon Corporation (TSX.V: APZ) ("Aptilon" or
the "Company"), a leading provider of physician access through its innovative
alternative sales and marketing channel, today announced it has come to an
agreement to acquire all of the outstanding shares of Mikich Company,
operating Med2020.com ("Med2020") and GasJobs.com ("GasJobs"), two U.S.-based
physician job-search and employment referral websites. Aptilon will pay total
consideration of approximately $400,000 for the shares of Mikich Company with
cash on hand. The transaction is expected to be immediately accretive to
revenues. The closing of the transaction is scheduled to take place on
December 31, 2007.
"The acquisition of Med2020 and GasJobs is in-line with our strategy for
ReachNet, our network of over 450,000 opted-in healthcare professionals via
partners and owned websites, and supports our vision of becoming the leading
channel for pharmaceutical companies to access the physician community
online," said Denis Martineau, President of Aptilon Corporation. "These new
services to be acquired answer critical needs of healthcare professionals and
will allow us to deliver targeted advertising and information to physicians
across the country and in a number of specialties, further enhancing our
network coverage, traffic and increasing the volume of pharma-sponsored
transactions," added Mr. Martineau. "Looking ahead, we remain committed to
capitalizing on strategic opportunities that will allow us to strengthen our
offering within the growing online sales and marketing space."
Established in 1999 by Robert Cosgrove, M.D., Ph.D, a practicing
hospital-based specialist, Med2020 is one of the largest free job search and
referral portals for specialists and primary care physicians. This active
community website is used by hospitals, corporate and community-based health
systems, solo practitioners, single and multi-specialty group practices,
pharmaceutical companies, and healthcare recruiters. GasJobs is the largest
free Anesthesiologists and Certified Registered Nurse Anesthetists Internet
job bulletin board.
"Med2020 and GasJobs provide an important referral service for U.S.
physician and healthcare professionals," said to Dr. Robert Cosgrove, founder
of Mikich Company. "These community sites help physicians better manage career
opportunities quickly and efficiently, making these websites a regular and
frequent destination for active physicians."
About Aptilon Corporation
Aptilon enables pharmaceutical, biotech and medical device companies to
effectively reach and interact with physicians via the Internet through its
innovative AxcelRx Live video detailing (with company reps), virtual programs,
peer selling and other sales and marketing programs. Leading health care
companies have adopted Aptilon's model, driving tens of thousands of
high-quality rep-physician interactions averaging more than eight minutes in
length. Aptilon provides the infrastructure necessary for sales
representatives to build physician awareness, understanding and preference
during all stages of a products life cycle, from pre-launch education through
end stage support. For more information, visit www.aptilon.com.
This news release contains forward-looking information. These statements
relate to future events or future performance and reflect management's current
expectations and assumptions. Such forward-looking statements reflect
management's current beliefs and are based on information currently available
to management of Aptilon. A number of factors could cause actual events,
performance or results to differ materially from the events performance and
results discussed in the forward-looking statements. These forward-looking
statements are made as of the date hereof and Aptilon does not assume any
obligation to update or revise them to reflect new events or circumstances.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Denis Martineau, President, Aptilon
Corporation, 1-888-544-8866, email@example.com; Arianna Vanin, Investor
Relations, The Equicom Group, (514) 844-4680, firstname.lastname@example.org; For
U.S. Media: Mark Gleason, Aptilon Corporation, (847) 331-8628,
email@example.com; For Canadian Media: Jennifer-Lee Thomas, Aptilon
Corporation, 1-888-544-8866, firstname.lastname@example.org