LONGUEUIL, QC, Dec. 22 /CNW Telbec/ - Mediagrif Interactive Technologies
Inc. (TSX: MDF), a world-leading provider of e-commerce solutions,
announced today that it has acquired all of the issued and outstanding
shares of Laval based InterTrade Systems Inc. ("InterTrade") for a cash
consideration of $8.1 million.
InterTrade (www.intertrade.com) offers innovative e-commerce solutions that allow its clients to
efficiently manage and control their supply chain collaboration. In
addition to its complete EDI (Electronic Data Interchange) solutions,
InterTrade offers product-data-synchronization (catalogues) between
retailers and suppliers. InterTrade's private catalogue solution caters
to more than 20 retailers and 2,200 suppliers. Following this
acquisition, InterTrade's clientele will continue receiving the same
high quality service from InterTrade dedicated staff.
Mediagrif's e-commerce expertise and financial strength will help
InterTrade accelerate its growth in this fast-growing sector. In
parallel, Mediagrif's existing networks will be able to extend their
product offerings and have access to a strong EDI platform. This
transaction is expected to be immediately accretive to Mediagrif's
About Mediagrif Interactive Technologies Inc.
Mediagrif Interactive Technologies Inc. (TSX: MDF) delivers innovative e-commerce solutions to businesses since
1996. Its networks operate as dedicated Web platforms within specific
business sectors, enabling Mediagrif's clients to find, purchase and
sell products, to exchange information and to access business
opportunities with greater speed and efficiency. Mediagrif provides
e-commerce solutions in the fields of electronics components, computer
equipment and telecommunications, medical equipment, automotive
aftermarket, wine & spirits, diamonds and jewelry and government
opportunities. Several of Mediagrif's networks are industry leaders,
including The Broker Forum, Power Source On-Line, Market Velocity, Global Wine & Spirits, Polygon, BidNet and MERX. Headquartered in Longueuil, Mediagrif has several offices in North
America and Asia. For more information, please visit us at www.mediagrif.com.
Forward Looking Statement
This press release contains certain forward-looking statements with
respect to the Company. These forward-looking statements, by their
nature, necessarily involve risks and uncertainties that could cause
actual results to differ materially from those contemplated by these
forward-looking statements. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution the
reader that these assumptions regarding future events, many of which
are beyond our control, may ultimately prove to be incorrect since they
are subject to risks and uncertainties that affect us. We disclaim any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by applicable securities legislation. All
amounts are in Canadian dollars.
SOURCE Mediagrif Interactive Technologies Inc.
For further information: For further information:
Mediagrif Interactive Technologies Inc.
Chief Executive Officer
Tel.: (450) 449-0102 ext. 2004
Toll Free: 1 877 677-9088 ext. 2004
Chief Financial Officer
Tel.: (450) 449-0102 ext. 2135
Toll Free: 1 877 677-9088 ext. 2135