MONTRÉAL, QC, Nov. 6, 2012 /CNW/ - Aptilon Corporation ("Aptilon" or the
"Corporation") (TSX-V: APZ) today announced that its wholly-owned
subsidiary, Aptilon Holdings Inc. ("Holdings"), has come to an
agreement with regards to the sale of substantially all of its assets
related to its business of providing multichannel, e-detailing and
physician marketing services to members of the healthcare industry (the
"Business") to Indegene Aptilon, Inc. ("Indegene Aptilon"). The sale of
these assets will allow Aptilon to focus its activities on the
healthcare marketing and data services business it acquired in
Indegene Aptilon is a wholly-owned subsidiary of Indegene Lifesystems
Pvt, Ltd., and it deals at arm's length with Aptilon and Holdings.
The sale of the Business is made for a price of $1,500,000 payable in
cash at the closing plus earnout amounts based on the EBITDA of the
Business for the quarter ending December 31, 2012 and the year ending
December 31, 2013. The maximum earnout amount for the quarter ending
December 31, 2012 is $500,000 payable on June 30, 2013. The earnout
amount for the year ending December 31, 2013 is $2,000,000 if the
EBITDA target is fully met (such earnout amount may be increased if the
EBITDA target is exceeded) payable on June 30, 2014.
The closing of the sale will occur as soon as possible, and is subject
to various conditions including the obtaining of the necessary
approvals from the regulatory authorities, Indegene Aptilon's
satisfaction with its due diligence and the consents of third parties
to the assignment of material contracts. Although Aptilon's management
is not currently aware of any impediments, there are no assurances that
the closing conditions will be met.
About Aptilon Corporation
Aptilon enables pharmaceutical, biotech and medical device companies to
effectively reach, message, connect and interact with US physicians and
healthcare professionals via multiple access channels. Its innovative
service offerings provide targeted impressions and interactions
through: video and mobile detailing, digital access channels and
permission-based email services. Top pharmaceutical companies and
respected healthcare organizations have adopted Aptilon's solutions to
market to, engage and interact with leading healthcare practitioners.
For more information, visit www.aptilon.com.
Indegene is a leading provider of R&D, commercial and marketing
solutions to global pharmaceutical and healthcare organizations. We
partner with clients to drive both productivity and revenues by
delivering better patient outcomes, optimizing cost, enhancing R&D
agility, and improving sales and marketing effectiveness. We apply deep
scientific knowledge, flexible delivery models, proprietary technology,
and a client-centric approach to drive transformational initiatives.
With offices in US, UK, China, India, and Australia, Indegene can
partner globally with clients, leverage a global talent pool of
clinicians, technologists, creative specialists, domain experts,
business process specialists, deploy global infrastructure assets, and
harness global healthcare knowledge to solve client challenges. For
more information, visit www.indegene.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as such term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Aptilon Corporation
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