MONTREAL, Feb. 15 /CNW Telbec/ - BRANCHEZ-VOUS! and Genex Communications
have signed a memorandum of agreement concerning the sale by Genex of its
Internet division, AgenceNews, to BRANCHEZ-VOUS!. The main assets include the
Matinternet.com et Showbizz.net web sites.
Showbizz.net (www.showbizz.net) is the largest entertainment information
web site in Québec. Since 1996, it has been providing a continuous coverage of
stars, movies and music, and it publishes influential movie reviews.
Approximately 240,000 Canadians visit it on a monthly basis(*).
Matinternet (www.matinternet.com) is the only independent site covering
general news on a continuous basis. Since 1995, its five journalists news room
has been covering, seven days a week, all main events in Montréal, Québec and
Canada. Over 150,000 Canadians visit it on a monthly basis(*).
"BRANCHEZ-VOUS! will allow Showbizz.net and Matinternet to regain the
place they deserve in the Internet market in Québec", says Patrice Demers,
President of Genex. "Their teams, audience and clients will benefit from these
sites being integrated into the largest independent Quebec-based web
"We are very proud of being handed the flag of these two institutions of
the Internet in Québec", says Patrick Pierra, CEO of BRANCHEZ-VOUS!.
"Showbizz.net is the leading site covering stars and entertainment in Québec.
Mostly geared towards young adults, it will become the second pillar of our
Content division, besides our tech-focused BRANCHEZ-VOUS.com portal. As for
Matinternet, a truly online daily newspaper, it is mostly visited by adults
from 25 to 54 with a male skew. It will greatly strengthen our
BRANCHEZ-VOUS.com portal, which it perfectly complements."
"Showbizz.net and Matinternet will enrich the advertising offering of the
BRANCHEZ-VOUS! Network, which is already a must-buy for all advertisers
targeting Quebecers online", says Sébastien Goulet, Vice President, Sales, of
BRANCHEZ-VOUS! and in charge of its Advertising division.
The agreement is for the acquisition of these two sites as well as
several other web sites, including CirculationMontreal.com, Info-affaires.com
and SummumSports.com, in consideration of a total amount of $ 600,000, of
which $ 300,000 will be paid in cash and $ 300,000 will be paid in common
shares of BRANCHEZ-VOUS!. Subject to the usual conditions and to the TSX
Venture Exchange and regulatory authorities approval, the transaction should
be concluded during the second quarter of 2008.
Some statements made in this news release constitute forward-looking
statements. Nothing guarantees that the transaction described above will be
completed, nor whether, if it is completed, it will be under the conditions
((*) : comScore MediaMetrix, audience totale, décembre 2007)
BRANCHEZ-VOUS! is a leading Montreal-based Internet media company, active
in Internet content and advertising.
"BRANCHEZ-VOUS! Advertising" sells Internet advertising space. It
commercializes the BRANCHEZ-VOUS! Network, the largest French-language
Internet advertising network in Canada with over 200 French-language web
sites, approximately 50 of which are represented on an exclusive basis; these
include GlobeTrotter.net, LeDevoir.com, JeuxVideo.com and the French version
of Canada411.ca. The BRANCHEZ-VOUS! Network reaches approximately 3 million
French Canadians each month. BRANCHEZ-VOUS! Advertising also represents the
myTELUS.com portal in Quebec.
"BRANCHEZ-VOUS! Content" produces, publishes and commercializes
French-language Internet content. It operates BRANCHEZ-VOUS.com, the largest
independent portal in Quebec, which primarily targets an audience of active
adults working in and/or interested by technology and reaches over 500,000
users each month.
BRANCHEZ-VOUS! is listed on the TSX Venture exchange under the symbol BZV
and has approximately 29.3 million shares outstanding. Additional information
on the Corporation can be obtained on SEDAR and at
www.branchez-vous.com/inc/english . The TSX Venture exchange has neither
approved nor disapproved the contents of this press release.
For further information:
For further information: Patrick Pierra, President and CEO,
BRANCHEZ-VOUS!, (514) 842-3838 ext.249; Nicholas Powell, Investor Relations
consultant, (514) 904-0084, http://www.branchez-vous.com/contacts/