REGINA, Feb. 5, 2015 /CNW/ - Information Services Corporation (TSX:ISV), ("ISC" or "the Company") previously announced that it had entered into an Asset Purchase Agreement with OneMove Technologies Inc., OneMove Online Systems Inc. and related parties, (collectively "OneMove") to acquire econveyance™, a proprietary online conveyancing solution, and related operating assets of the OneMove business. In connection with this transaction, the Company has received a Request for Information from the Competition Bureau. The Company is working with the Competition Bureau in relation to this request. In light of this process, the closing of the transaction has not yet occurred.
ISC is a provider of registry and information services to the Province of Saskatchewan. The Company is the exclusive provider of the Land Titles Registry, Land Surveys Directory, Personal Property Registry and Corporate Registry in Saskatchewan, which are key supporters of economic activity in the province.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities legislation, including certain statements with respect to the Competition Bureau and the closing of this transaction. All statements other than statements of historical fact are forward-looking statements. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Although ISC believes the forward-looking information contained in this release is based upon reasonable assumptions, readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. Many factors and risks could cause our actual results to differ materially from those expressed or implied by forward-looking information including those detailed in ISC's Annual Information Form, dated March 19, 2014, ISC's unaudited condensed Consolidated Financial Statements and Notes and Management's Discussion and Analysis for the quarter ended September 30, 2014 as well as other documents filed by ISC with Canadian securities regulators through SEDAR (www.sedar.com) from time to time. Investors and others should carefully consider the above-noted factors and risks and other uncertainties and potential events. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.
SOURCE Information Services Corporation
For further information: All general, market or media inquiries with respect to this transaction are to be sent to Information Services Corporation, as follows: Investor Relations Contact, Jonathan Hackshaw, Director, Investor Relations & Corporate Communications, Information Services Corporation, 306-798-2136, [email protected] ; Media Contact, Pamela Keck, Manager, Investor Relations, Information Services Corporation, 306-798-1137, [email protected]