TORONTO, April 10 /CNW/ - Kaboose Inc. (TSX: KAB), the largest
independent family-focused online media company in North America, today
announced that it has accelerated the operational integration of its BabyZone
Under the integration plan, BabyZone's sales, marketing, editorial and
technology teams will be fully integrated with Kaboose's existing teams and
leverage the significant infrastructure that Kaboose has invested in its other
operations. As per the BabyZone acquisition agreement, Kaboose has also
accelerated the 2007 earn-out payments to the former BabyZone shareholders and
has placed US$10 million into an escrow account that will be paid in March
2008 with an additional US$0.5 million to be paid based on certain performance
"The accelerated integration of BabyZone is an important step in
realizing the significant opportunity BabyZone has within our company and
within the market in which we operate," stated Jason DeZwirek, Co-Founder and
Chief Executive Officer of Kaboose. "Since the acquisition in June 2006,
BabyZone has consistently performed above our expectations. We expect all
aspects of our operations to benefit from the talented people at BabyZone
working more closely with other Kaboose teams and properties."
About Kaboose Inc.
Kaboose is the largest independent, family-focused online media company
in North America and one of the top-five most visited family destinations
online. From pregnancy to parenting, birthday parties to scrapbooking, and
entertainment to education, Kaboose has the content and applications to help
parents plan and share their family life. Kaboose owns some of the world's
leading online properties targeting families, including BabyZone.com,
ParentZone.com, Kaboose.com, AmazingMoms.com, TwoPeasInABucket.com,
BubbleShare.com; BirthdayInABox.com, Funschool.com and Zeeks.com. Kaboose
trades on the Toronto Stock Exchange under the symbol "KAB."
This document may contain forward-looking statements, relating to Kaboose
Inc.'s operations or to the environment in which it operates, which are based
on Kaboose Inc.'s operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond Kaboose Inc.'s
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in these forward-looking statements.
Consequently, readers should not place any undue reliance on such
forward-looking statements. Kaboose Inc. disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For further information:
For further information: Jonathan Pollack, Chief Financial Officer for
Kaboose Inc. at TEL: (416) 593-3000 ext.290, FAX: (416) 593-4658