Tucows Amends and Extends Third Modified Dutch Tender Offer



    TORONTO, Sept. 10 /CNW/ - Tucows Inc. (AMEX:  TCX, TSX:TC) a global
provider of domain names, email and other Internet services, announced today
that it has narrowed the price range that it is offering for the repurchase of
shares of its Common Stock under the modified Dutch auction tender that
commenced on August 20, 2009 to no less than $0.52 and no more than $0.60 per
share. The previous price range offered by the Company was no less than $0.40
and no more than $0.60 per share. The Company has also extended the term of
the tender offer to 5:00 p.m., New York City time, on October 2, 2009. The
offer was previously scheduled to expire at 5:00 p.m., New York City time, on
September 18, 2009.
    The closing price of Tucows' common stock on the NYSE Amex on September
9, 2009 was $0.58 per share. Shareholders have the opportunity to tender some
or all of their shares at a price within the $0.52 to $0.60 per share price
range. Based on the number of shares tendered and the price specified by the
tendering shareholders, Tucows will determine the lowest per share price
within the range that will enable it to buy 5,000,000 shares, or such lesser
number of shares that are properly tendered. If shareholders of more than
5,000,000 shares properly tender their shares at or below the determined price
per share, Tucows will purchase shares tendered by such shareholders, at the
determined price per share, on a pro rata basis. Additionally, if more than
5,000,000 shares are properly tendered, the number of shares to be repurchased
by Tucows pursuant to the tender offer may, at the discretion of Tucows, be
increased by up to 2% of Tucows' outstanding shares, or approximately
1,357,000 shares, without amending or extending the tender offer.
    Shareholders whose shares are purchased in the offer will be paid the
determined purchase price per share net in cash, without interest, after the
expiration of the offer period. The offer is subject to a number of other
terms and conditions specified in the offer to purchase that has been
distributed to shareholders.
    The information agent for the offer is StockTrans, Inc. None of Tucows,
its board of directors or the information agent is making any recommendation
to stockholders as to whether to tender or refrain from tendering their shares
into the tender offer. Shareholders must decide how many shares they will
tender, if any, and the price within the stated range at which they will offer
their shares for purchase by Tucows.

    This press release is for informational purposes only and is not an offer
to buy or the solicitation of an offer to sell any shares of Tucows' common
stock. The offer is being made solely by the tender offer statement. Investors
are urged to read Tucows' tender offer statement on Schedule TO filed with the
Securities and Exchange Commission in connection with the tender offer, which
includes as exhibits, the offer to purchase, the supplement to the offer to
purchase and the amended letter of transmittal when they become available,
because they contain important information, as well as any amendments or
supplements to the statements when they become available. Each of these
documents has been or will be filed with the Securities and Exchange
Commission, and investors may obtain them for free from the Securities and
Exchange Commission at its website (www.sec.gov) or from StockTrans, Inc., the
information agent for the tender offer, by directing such request to:
StockTrans, Inc., Attn: Re-Organization Dept., 44 West Lancaster Avenue,
Ardmore, PA 19003, telephone (800) 733-1121.

    About Tucows

    Tucows is a global Internet services company. OpenSRS manages over 8
million domain names and millions of email boxes through a reseller network of
over 9,000 web hosts and ISPs. Hover is the easiest way for individuals and
small businesses to manage their domain names and email addresses. YummyNames
owns premium domain names that generate revenue through advertising or resale.
Butterscotch.com is an online video network building on the foundation of
Tucows.com. More information can be found at http://tucowsinc.com.

    This news release contains, in addition to historical information,
forward-looking statements related to such matters as our business, including
statements regarding the expected expiration date, the number of shares to be
purchased and the purchase price per share. Such statements are based on
management's current expectations and are subject to a number of uncertainties
and risks, which could cause actual results to differ materially from those
described in the forward-looking statements. Information about potential
factors that could affect Tucows' business, results of operations and
financial condition is included in the Risk Factors sections of Tucows'
filings with the Securities and Exchange Commission. All forward-looking
statements included in this document are based on information available to
Tucows as of the date of this document, and, except to the extent Tucows may
be required to update such information under any applicable securities laws,
Tucows assumes no obligation to update such forward-looking statements.

    
    TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All
    other trademarks and service marks are the properties of their respective
    owners.
    





For further information:

For further information: Lawrence Chamberlain, The Equicom Group for
Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com

Organization Profile

Tucows Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890