MONTREAL, June 5 /CNW/ - Montec Holdings Inc. ("Montec" or the "Company")
(TSX-V: MTE), a holding company focused on acquiring and developing a
diversified portfolio of high-growth technology companies, today announced its
subsidiary Datex Billing Services Inc. ("Datex") has acquired the telecom
expense management services business of Contour Telecom Inc., a wholly owned
subsidiary of Yak Communications (Canada) Corp. ("Yak Communications").
Contour is an outsourced provider of telecom management services including
consolidated billing, sophisticated cost management and robust reporting.
The acquired business is synergistic to Datex's activities and brings
diversification to Datex's billing and customer management services. The
acquired business has many Fortune 1000-type clients that will enhance Datex's
presence and service offering to tier-one companies. This transaction moves
Datex into the much larger enterprise market, whereas Datex has dealt almost
exclusively in the carrier market niche up to now. Datex also secures a
revenue stream as Contour has been a Datex client for the past four years.
Additionally, this acquisition brings to Datex a number of highly experienced
telecom personnel which reinforce Datex's internal operational capacities.
"We think that this new business unit dovetails into the Datex model of
outsourced customer management and billing services and we are delighted to
bring to Datex a number of Fortune 1000 clients that can benefit from Datex's
years of telecom experience. Our first task will now be to ensure the
successful integration of this division's activities to Datex; an operational
plan has already been deployed to that effect," said Jim Dawson, president of
"This acquisition perfectly fits Montec's business plan of buying
profitable companies that will create additional synergies within the group,"
said Myer Bentob, President and Chief Executive Officer of Montec Holdings
About Yak Communications (Canada) Corp.
Yak Communications (Canada) Corp. is an integrated communications
provider offering a full range of long distance (1+, toll free and
dial-around) services, calling cards and cellular long distance to residential
consumers across Canada. Yak's most prominent long distance offering is
10-10-YAK (925), a dial-around service offered at very economical per minute
rates. Yak was acquired by Globalive Communications Corp. in the fourth
quarter of 2006.
About Datex Inc.
Datex is a leading application service provider of Customer Relationship
Management (CRM), Customer Information Systems (CIS) and billing solutions in
a variety of divergent vertical markets. Using its proprietary Customer
Lifestyle Management (CLM) process, Datex's team has successfully managed and
maintained the customer care and billing infrastructure for more than
60 companies spanning three decades of knowledge and experience. Datex's team
of technology experts solves the logistical and technological challenges of
small and medium sized customer focused business. For more information about
Datex, please visit our website at www.datex.ca.
About Montec Holdings Inc.
Montec Holdings Inc. is listed on the TSX Venture Exchange (TSX-V: MTE).
Montec's objective is to create shareholder value by building a profitable
technology entity with high-growth potential. Structured as a holding company,
it will acquire, in each case, at least 51% shareholdings of a number of
synergetic companies and it will develop a diversified portfolio of
high-growth technology companies. The Company recently completed the
acquisition of Datex Billing Services Inc. For more information about Montec
Holdings, please visit our website at www.montecholdings.com.
This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected herein. The Company disclaims any obligation
to update these forward-looking statements.
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: Myer Bentob, Chairman & CEO, Montec Holdings
Inc., Tel: (514) 630-7262, Email: firstname.lastname@example.org; Eric Bouchard,
Investor Relations, The Equicom Group Inc., Tel: (514) 844-7997, Email: