Ad.Venture Partners, Inc. completes acquisition of 180 Connect Inc.

    Stock Symbols: TSX: NCT.U
                   OTCBB: AVPA.OB, AVPAW.OB, AVPAU.OB

    TORONTO and NEW YORK, Aug. 24 /CNW/ - Ad.Venture Partners, Inc.
("Ad.Venture") (OTCBB: AVPA.OB, AVPAW.OB, AVPAU.OB), together with its
wholly-owned subsidiaries 180 Connect Exchangeco Inc. ("Purchaser") and
1305699 Alberta ULC ("Canco"), and 180 Connect Inc. ("180 Connect" or the
"Company") (TSX: NCT.U) announced today that Ad.Venture has completed the
previously announced acquisition of 180 Connect.
    Under the terms of the acquisition, Purchaser acquired all of the issued
and outstanding common shares of 180 Connect pursuant to a plan of arrangement
under the Canada Business Corporations Act (the "Arrangement") in exchange for
13,643,183 shares of Ad.Venture common stock and 2,779,260 exchangeable shares
of Purchaser. As part of the Arrangement, all outstanding options to purchase
180 Connect common shares were exchanged for options to purchase shares of
Ad.Venture common stock.
    Each exchangeable share is exchangeable for one share of Ad.Venture
common stock, subject to adjustment, at the option of the holder and will be
redeemable or purchasable at the option of Purchaser or Canco on August 24,
2009 or earlier upon the occurrence of certain specified events.
    As a result of completing the Arrangement 180 Connect is now an indirect
wholly-owned subsidiary of Ad.Venture. 180 Connect intends to apply to delist
its common shares from the Toronto Stock Exchange and to cease to be a
reporting issuer in Canada. In connection with closing of the Arrangement,
Ad.Venture changed its name to 180 Connect Inc. Ad.Venture has applied to list
its common stock, warrants and units on the NASDAQ to trade under the symbols
"CNCT", "CNCTW" and "CNCTU", respectively. Pending listing on the NASDAQ,
Ad.Venture's common stock, warrants and units will continue to trade on the
OTCBB under the symbols AVPA.OB, AVPAW.OB and AVPAU.OB respectively.
    All of the proceeds from Ad.Venture's trust account, after payment of
transaction expenses for Ad.Venture and deferred underwriting fees from its
initial public offering in the aggregate amount of $37.9 million, remain in
180 Connect to be used to pay transaction expenses of 180 Connect in
connection with the arrangement and for working capital and debt reduction
purposes and potential acquisitions.
    "We are very pleased to have reached the successful conclusion of this
very complex process and are grateful to the many investors who supported the
company and continue to validate our business model. We are eager to proceed
with the task of creating a uniquely capable, diversified brand name in the US
market," stated Mr. Brian McCarthy, Executive Chairman of 180 Connect. "We
continue to believe strongly in the growth prospects for our business, fueled
by increasing customer demand and supported by a robust market in North
America. As the past few years have shown, 180 Connect views the markets in
which we operate as a terrific source of opportunity to find and create
value," Mr. McCarthy continued. "This transaction creates an extraordinary
opportunity for our Company to meet the growing demand in our markets and to
further establish valuable relationships that will allow us to make the most
of those opportunities. We are delighted to have completed this process with a
partner that shares our enthusiasm to grow the business."
    "180 Connect has been acknowledged as a leader in the installation,
integration and fulfillment services sector and its management team, led by
Brian McCarthy and Peter Giacalone, has the skills, experience and vision to
enhance and grow the business in order to create substantial shareholder
value," stated Mr. Howard Balter, Chief Executive Officer of Ad.Venture
Partners. "This is a great opportunity to acquire and grow a business that has
established an extraordinary record in delivering world class customer service
solutions to customers across North America. We expect to continue to build on
those capabilities and to seek out new opportunities to realize them," Mr.
Balter continued. "180 Connect has an exceptionally strong management team and
we share their vision for the future. We are committed to the business and
based on the Company's expertise, solid relationships, North American
footprint and highly talented employee base, we believe and are excited about
the substantial opportunities to drive profitable revenue expansion and to
further leverage the service platform to pursue additional growth

    About 180 Connect

    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.

    Forward-Looking Statements

    This news release contains forward-looking statements which reflect
management's expectations regarding the future growth, results of operations,
performance and business prospects and opportunities. Statements about future
plans and intentions, results, levels of activity, performance, goals or
achievements or other future events constitute 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. 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 Ad.Venture's Form S-4/proxy statement dated August 9, 2007 and contained in
the Company's Annual Information Form for the year ended December 31, 2006 and
its Management Information Circular dated July 6, 2007. Many factors,
including those discussed under "Risk Factors", 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, no assurance can be given 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 Ad.Venture, Purchaser, Canco or
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; Claudia A. Di Maio, Director Investor
Relations, TEL: (866) 995-8888, DIRECT LINE: (416) 930-7710, EMAIL:; Devlin Lander, Integrated Corporate Relations, TEL.:
(415) 292-6855

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