180 Connect Inc. announces approval of merger by Ad. Venture Partners' stockholders



    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/

    Stock Symbol: TSX: NCT.U

    TORONTO, Aug. 24 /CNW/ - 180 Connect Inc. ("180 Connect" or the
"Company"), one of North America's largest providers of installation,
integration and fulfillment services to the home entertainment, communication,
and home integration service industries, announced that stockholders of
Ad.Venture Partners, Inc. ("AVP"), (OTCBB: AVPA.OB) approved the merger with
180 Connect at AVP's special meeting of stockholders held today. The
transaction is expected to close later today following approval by the Court
of Queen's Bench of Alberta and completion of filings with Industry Canada.
    Upon closing of the merger, 180 Connect will become an indirect,
wholly-owned subsidiary of AVP, and delist its common shares from the Toronto
Stock Exchange ("TSX"). AVP will change its name to 180 Connect Inc. and will
list its common stock, warrants and units of common stock/warrants on the
Nasdaq Global Market ("NASDAQ") following closing of the transaction.

    180 Connect Inc.

    180 Connect Inc. is one of North America's largest providers of
installation, integration and fulfillment services to the home entertainment,
communications and home integration service industries. With more than 4,000
skilled technicians and 750 support personnel based in over 85 operating
locations, 180 Connect is well positioned as the only pure play national
residential service provider in the market. 180 Connect Inc. shares are traded
under the name of 180 Connect Inc. on the TSX under the symbol NCT.U.

    Forward-Looking Information

    This news release contains forward-looking statements. Wherever possible,
words such as "may", "should", "could", "expect", "plan", "intend",
"anticipate", "believe", "estimate", "predict" or "potential" or the negative
or other variations of these words, or other similar words or phrases, have
been used to identify these forward-looking statements. Forward-looking
statements in this news release include, but are not limited to, statements
with respect to: the timing of the approval of the Arrangement by the Court of
Queen's Bench, the completion of the Arrangement, delisting of the Company's
common shares from the TSX and listing of AVP's securities on NASDAQ. These
statements reflect management's current beliefs and are based on information
currently available to management. Forward-looking statements involve
significant risk, uncertainties and assumptions. See "Risk Factors" contained
in the Company's Annual Information Form for the year ended December 31, 2006
and in the Company's Management Information Circular dated July 6, 2007. Many
factors, including those discussed under "Risk Factors" in the Annual
Information Form and in the Management Information Circular, could cause
actual results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements. These factors
should be considered carefully and prospective investors should not place
undue reliance on the forward-looking statements. Although the forward-looking
statements contained in this news release are based upon what management
believes to be reasonable assumptions, the Company cannot assure investors
that actual results will be consistent with these forward-looking statements.
These forward-looking statements are made as of the date of this news release
and the Company assumes no obligation to update or revise them to reflect new
events or circumstances, except as required by law.

    %SEDAR: 00020398E




For further information:

For further information: please contact the following or visit our
website at www.180connect.net; Claudia A. Di Maio, Director Investor
Relations, TEL: (866) 995-8888, DIRECT LINE: (416) 930-7710, EMAIL:
cdimaio@180connect.net

Organization Profile

180 CONNECT 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