/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
OTTAWA, May 28 /CNW Telbec/ - Interactive Capital Partners Corporation
("ICPC" or the "Company") (TSX-V:HFM.P), a capital pool company under Policy
2.4 of the TSX Venture Exchange (the "Exchange"), is pleased to announce that
it has engaged the services of Investpro Securities Inc. to act as sole and
exclusive sponsor (the "Sponsor"), and, subject to completion of satisfactory
due diligence, to provide the Exchange with a sponsorship report in compliance
with the polices of the Exchange. The engagement of the Sponsor is in
connection with ICPC's previously announced letter of intent for the proposed
acquisition by ICPC of all the outstanding common shares of Homehelp.net Inc.
(the "Transaction"). The Transaction is intended to be ICPC's "qualifying
transaction" in accordance with the Exchange's policies. An agreement to
sponsor should not be construed as any assurance with respect to the merits of
the Transaction or the likelihood of completion.
Completion of the Transaction is be subject to a number of conditions,
including but not limited to, Exchange acceptance and if applicable pursuant
to Exchange Requirements (as such term is defined under the Exchange
policies), majority of the minority shareholder approval. Where applicable,
the Transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the Transaction will be completed as
proposed or at all.
Investors are cautioned that, except as disclosed in the management
information circular or filing statement to be prepared in connection with the
Transaction, any information released or received with respect to the
Transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: regarding this news release, contact: Mark
Maheu, President and Chief Executive Officer of Interactive Capital Partners
Corporation, (613) 794-6963, fax: (613) 834-6514, firstname.lastname@example.org