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1) only a judge can determine libel. please read ihub's tou.
2) there is clearly an 'OR' in the sentence.
I can read and comprehend very well.
If Nic IS a criminal(noun) he is....
–noun
6.
a person guilty or convicted of a crime
Since there's no conviction, no record then Nic cannot be called a 'criminal'(noun)
SO any reference to Nic Toms being a criminal is false and could be considered libel.
Nic Toms will never make it onto the NASDAQ. COMT will suffer the same fate as CYSG.
Nic Toms. Criminal.
Read the definition for yourself.
If Nic IS a criminal? Where's the record? There is none. Just more false information.
Would you please post a criminal record for Mr. Toms? I can't seem to find one. I see alot of accusations from people but, nothing else. Innocent until proven guilty, that's how it works in my country anyhow.
Get ready for a big dose of Nic Toms and DNPI then!!!
The hearing was standard procedure. Says they had a hearing to determine if it should stay or not. Due to how long the merger with COMT and the acquisition of CMAC was going to take, NASDAQ wasn't willing to wait. Don't worry it'll be on the NASDAQ soon enough.
if.. when... lol..
sure... i'll be right here waiting..
as ive been saying for months on end.. nic cons has yet to prove me wrong.
criminals rarely do.
oh, it must be true then.. because they said so.. lol..
again, it doesnt matter what they say... only what the SEC says... and the SEC.. has said no... TWICE NOW.. in as many months..
so sorry
its hard to see.. its in english.. lol...
What's gonna happen when the deals are closed? Then what? The SEC let one slip through the cracks?
All part of the process. Don't forget, DNPI is merging with COMT AND acquiring CMAC Inc.
No, it's realistic, look at all the PRs, that's reality.
COMT hasn't been shut down, it's just going through the process.
COMT was delisted because of the extension, it wasn't shut down for being a scam.
Where are all these other scams?
The dilution for CYSg was in the filings, he didn't do it for his own good, he had to. Read the filings.
DNPI will still get listed on the NASDAQ, right after the merger with COMT and the acquisition of CMAC. Pretty obvious if you ask me, they even said so in the PR.
thats very optimistic.. i choose to stay realistic.
Let me know when that dream comes true.
until then, its just more of the same for Nic Toms.. FAILURE and DISAPPOINTMENT.
whats going to happen when he starts diluting these stocks like he did CYSG?
whats going to happen when he stops filing like he did with CYSG?
whats going to happen now that DNPI cannot sneak itself into the NASDAQ by reverse merging into a public shell? The SEC saw that con coming and laughed their heads off.
Not so fast nic cons! lol!!!!
whats the next two-bit con trick?
the SEC is obviously on to his scams. theyve now shut down two of them in about as many months!!!!
lol... THANK YOU SEC
The SEC isn't trying to protect anyone from Toms. What a joke. It was delisted because of the extension, read the PR. It's right there in black and white.
What's gonna be said when the deal closes?
one stock revoked.. one stock delisted... all thanks to our friends at the SEC...
at least some one is protecting investors from Nic Toms!
DecisionPoint Announces Extension of Merger Agreement With Comamtech
Today : Thursday 23 December 2010
DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced an extension of their reverse merger agreement with Comamtech. The merger of the two companies is now expected to close before the end of the first quarter of 2011.
Comamtech, a public company, was notified by the Nasdaq Stock Market that it will be delisted and trading in its shares will be suspended effective upon the open of business on Thursday, December 23, 2010. This determination was made by the Nasdaq Hearing Panel in part due to the updated prospective timeline with the DecisionPoint transaction. Comamtech will continue to maintain its status as a reporting company with the Securities and Exchange Commission and will update its shareholders on material events and financial information as required. Comamtech expects that its common stock will be quoted on the OTC Bulletin Board in the near future. After the merger is completed, assuming the merged company meets NASDAQ's listing standards, the combined company will apply for listing on the NASDAQ Capital Market.
"In order to accomplish the accretive and synergistic acquisition of CMAC which we announced this morning in a timely manner, we agreed to extend the timeline to complete our reverse merger with Comamtech," said Nicholas Toms, CEO of DecisionPoint. "We were aware that this would potentially impact Comamtech's Nasdaq listing, but it was always a requirement and our intention to apply for a Nasdaq Capital Market listing for the combined company once the reverse merger was completed. We believe that the completion of both the CMAC acquisition and merger with Comamtech will result in a stronger and more formidable competitor in the enterprise mobility industry."
About DecisionPoint Systems, Inc.
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit:
http://www.decisionpt.com/news.php.
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Company Contact:
Nicholas R. Toms - NJ Office
Chief Executive Officer
T: 973-290-0100 ext 110
ntoms@decisionpt.com
Investor Relations Contact:
Stephanie Prince/Jody Burfening
Lippert/Heilshorn & Associates
T: 212-838-3777
sprince@lhai.com
LOL!! Where on earth does it say that the SEC think's he's a fraud? Must've read that in a fairy tale somewhere. I beg you to point this out because it's just not true.
so far this year Nic Cons has had one stock revoked.. and now another one he's involved with was delisted..
i dont think this is part of any 'master plan'.. if you read the PR, you can clearly see they tried to fight the delisting... and lost...
the SEC revoked one of his stocks
the SEC delisted another shell he planned to use to try and backdoor his way into the nasdaq
clearly, the SEC thinks he's a fraud and con-artist
many people do as well...
the proof is in the pudding.. CYSG tanked in one year from .0076 to .0001 before being revoked altogether..
DNPI now has a snowball's chance in hell of uplisting
but dont take my word for it, just ask our good friends at the SEC
all along,i tried to warn you.
its ok to be optimistic... but instead, i'm realistic.
DELISTED FROM NASDAQ
Please do proper DD on Nic Toms and be VERY VERY careful and weary of investing in ANY stock with his name associated with it.
This is just more of the same disappointment, mismanagement, and failure that comes with associating your money with Nic Toms in ANY way.
This is just the beginning of the end here. It will continue to get worse.
Comamtech Inc. Delisting From Nasdaq Stock Market Date : 12/22/2010 @ 4:01PM
Source : MarketWire
Stock : Comamtech Inc. (COMT)
Quote : 2.0 0.0999 (5.26%) @ 7:22AM
Comamtech Inc. Delisting From Nasdaq Stock Market
Comamtech Inc. (MM) (NASDAQ:COMT)
Intraday Stock Chart
Today : Wednesday 22 December 2010
Comamtech Inc. ("Comamtech") (NASDAQ: COMT) today announced that the Company had received a letter from the NASDAQ Stock Market, Inc. ("Nasdaq") on December 21, 2010 informing the Company that it will be delisted from the Nasdaq Stock Market and that trading in its shares will be suspended effective upon the open of business on Thursday, December 23, 2010. The Company expects that its common stock will be quoted on the OTC Bulletin Board in the near future. Quotes for OTC Bulletin Board stocks can be found at OTCBB.com. The Company will continue to maintain its status as a reporting company with the Securities and Exchange Commission and update its shareholders on material events and financial information as required.
On September 20, 2010, the Nasdaq staff notified the Company that it had determined that the Company would be a public shell as a result of the completion of its transaction with N. Harris Computer Corporation. As previously announced, upon closing of the N. Harris Computer Corporation transaction on November 4, 2010, the Nasdaq Staff informed the Company that, based on the public shell determination under Nasdaq Listing Rule 5101, the Company would be delisted, unless it appealed the determination by requesting a hearing. On November 10, 2010, the Company requested a hearing, which was held on December 16, 2010.
The Nasdaq Hearing Panel acknowledged that the Company appears to be making good faith and diligent efforts to move quickly toward a reverse merger acquisition with DecisionPoint Systems Inc. (OTCBB: DNPI). However, the Nasdaq Hearing Panel concluded that the prospective timeline and associated uncertainty regarding conditions required for Nasdaq listing in connection with the DNPI transaction are longer than a public shell should remain listed on Nasdaq. The Nasdaq Hearing Panel therefore declined to exercise discretionary authority to permit continued listing of the Company pending the DNPI closing and determined that the Company will be delisted.
Marc Ferland, CEO of the Company commented, "Although the Nasdaq Hearing Panel declined to exercise their discretionary authority to continue our listing through the closing of the merger with DNPI, the merger transaction will result in a going concern and we intend to be fully compliant with the new listing qualifications post-closing."
Mr. Nicholas Toms, Chairman and CEO of DNPI stated: "Upon the completion of the merger transaction, the Company will promptly pursue a new listing on Nasdaq." About Comamtech Inc.
Comamtech is the successor to Copernic Inc. which was sold to N. Harris Computer Corporation on November 4, 2010.
About DecisionPoint Systems, Inc.
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit http://www.decisionpt.com/news.php.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual outcomes to differ materially from plans, projections, expectations and other anticipated results. Some of these risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims an intent or obligation to update any description of the scope, focus or subject matter of the forward-looking statements or any other matters contained in this press release except as otherwise required by law.
Contacts:
Comamtech Inc.
Marc Ferland
President and Chief Executive Officer
418-653-1555
mferland@comamtech.com
Investors-Comamtech
Trading Symbol
Nasdaq: COMT
Public Marketplaces
Small Cap Market of the Nasdaq
Outstanding Shares
2,096,908 as of November 24, 2010
Copernic Inc's public documents are filed on the following sites:
SEC-U.S. Security and Exchange Commission
SEDAR-Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval
CUSIP: 199836107
Company Information
Transfer Agent:
Michael Lee
Equity Transfer and Trust Company
200 University Ave. Suite 400
Toronto ON MSH 4H1
Phone: 416.361.0930 x236
Fax: 416.361.0470
Corporate Counsel Canada and United States:
Fasken Martineau DuMoulin LLP
Stock Exchange Tower
P.O. Box 242, Sutie 3400
800 Place Victoria
Montreal, Quebec
H4Z 1E9
Toll Free: 800.361.6266
Phone: 514.397.7400
Fax: 514.397.7600
For financial inquiries please contact:
Jean-Rock Fournier
Executive Vice president and Chief Financial Officer
Phone: 418.653.1555
Email: jrfournier@comamtech.com
http://decisionpointsystems.com/pages2.php?Investors-Comamtech-74
DecisionPoint Systems CEO Interviewed on CorporateProfile.com
Nov 22, 2010 11:59:00 AM Close Ad
Email story | Discuss on ZenoBank | View more ads NEW YORK, NY -- (MARKET WIRE) -- 11/22/10 -- Corporate Profile, LLC announced today that DecisionPoint Systems, Inc.'s (OTCBB: DNPI) CEO Nic Toms was interviewed on CorporateProfile.com.
The video can be viewed at: http://www.corporateprofile.com/
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit http://www.decisionpt.com/news.php.
About Corporate Profile.com
CorporateProfile.com is a broadcasting website where Fashion meets Finance. Merging two mainstream industries results in a unique platform for investors to receive today's hottest tips and market info.
Safe Harbor Disclaimer
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Source: Corporate Profile LLC
Comamtech Announces Resolution of Trading Interruption
Today : Thursday 18 November 2010
Comamtech Inc. ("Comamtech") (NASDAQ: COMT) announces that NASDAQ Stock Market ("Nasdaq") has fully resolved an operational error which had prevented the Comamtech shares from being traded on Nasdaq. Comamtech and Nasdaq expect trading of Comamtech shares to proceed without any residual interruption.
Forward Looking Statements
Forward Looking Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual outcomes to differ materially from plans, projections, expectations and other anticipated results. Some of these risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims an intent or obligation to update any description of the scope, focus or subject matter of the forward-looking statements or any other matters contained in this press release except as otherwise required by law.
About Comamtech Inc.
Comamtech is the successor to Copernic which was sold to N. Harris Computer Corporation on November 4, 2010.
Contacts:
Comamtech Inc.
Marc Ferland
President and Chief Executive Officer
514-992-1234
mferland@comamtech.com
Comamtech Announces New Trading Symbol on NASDAQ (COMT)
http://ih.advfn.com/p.php?pid=nmona&article=45218905&symbol=CNIC
Comamtech Announces New Trading Symbol on NASDAQ (COMT)
Date : 11/12/2010 @ 4:01PM
Source : MarketWire
Stock : Comamtech Inc. (CNIC)
Quote : 2.4 -0.0201 (-0.83%) @ 7:22AM
Comamtech Announces New Trading Symbol on NASDAQ (COMT)
Copernic Inc. (MM) (NASDAQ:CNIC)
Intraday Stock Chart
Today : Friday 12 November 2010
Comamtech Inc. ("Comamtech") (NASDAQ: CNIC) announces that it has received a new trading symbol on NASDAQ which will be COMT. The new trading symbol will replace the predecessor Copernic Inc. symbol of CNIC. The new trading symbol will be effective at the market open of NASDAQ Stock Market ("Nasdaq") on Monday, November 15, 2010.
The new trading symbol was obtained in connection with the completion of the Comamtech plan of arrangement, as previously announced on November 4, 2010, pursuant to which the shareholders of Copernic Inc. have become shareholders of Comamtech.
Comamtech Inc. has filed an appeal to the recent delisting notice which it received from Nasdaq in connection with the completion of the plan of arrangement. The appeal will stay the suspension and the delisting through the conclusion of the appeal process. Comamtech has been informed by Nasdaq that the hearing will be held on December 16, 2010. Comamtech shares shall continue to trade at least until said hearing date or longer depending on the determination by Nasdaq of the continuing suitability of the trading of Comamtech shares on Nasdaq. Comamtech has previously announced a reverse acquisition of DecisionPoint system (OTCBB: DNPI) which is expected to be an important factor in the appeal to Nasdaq regarding continuation of trading of the Comamtech shares. Comamtech anticipates meeting all of the Nasdaq listing qualification requirements effective as of the closing of the DNPI acquisition, however, there is no guarantee or assurance that the appeal will succeed.
About Comamtech Inc.
Comamtech is the successor to Copernic which was sold to N. Harris Computer Corporation on November 4, 2010.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual outcomes to differ materially from plans, projections, expectations and other anticipated results. Some of these risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims an intent or obligation to update any description of the scope, focus or subject matter of the forward-looking statements or any other matters contained in this press release except as otherwise required by law.
Contacts:
Comamtech Inc.
Marc Ferland
President and Chief Executive Officer
514-992-1234
mferland@comamtech.com
Investor warning.. Proper due diligence is required here.
Please be careful with any stocks involving Nic Toms (CEO of DNPI and CYSG)
The SEC just REVOKED CYSG for delinquent filings.
Please do more DD on the man for your own protection.
I see CNIC continues to TREND DOWN. a pattern for all Nic Toms' stocks.
Copernic, Harris and Comamtech Announce Final Order Approving the Plan of Arrangement and Closing of Harris Transaction Today : Thursday 4 November 2010
Copernic Inc. ("Copernic") (NASDAQ: CNIC), N. Harris Computer Corporation ("Harris"), a wholly-owned subsidiary of Constellation Software Inc. (TSX: CSU), and Comamtech Inc. ("Comamtech") jointly announce the final order approving their previously announced plan of arrangement (the "Plan of Arrangement") granted by the Ontario Superior Court of Justice (Commercial List) on November 1, 2010 (the "Final Order"). The Plan of Arrangement was approved by Copernic's shareholders at a special meeting held on October 25, 2010 (the "Shareholder Approval"). Following the Shareholder Approval and the Final Order, the Plan of Arrangement has closed and the shareholders of Copernic have become shareholders of Comamtech, a newly incorporated corporation which (i) retained certain non-operating assets of Copernic having a current net fair market value as determined by Copernic of approximately US$2.80 million; and (ii) has received from Harris approximately US$4.4 million, with additional amounts payable by Harris (subject to adjustment) as described in the management information circular of Copernic dated September 27, 2010.
Copernic's certificates formerly representing its common shares and the electronically traded shares now represent only the right to exchange such shares for Comamtech shares. Pursuant to the Plan of Arrangement, the Copernic common shares were deemed to be exchanged on a one-for-one basis for common shares of Comamtech. Harris is now the owner of all the newly issued and outstanding shares of Copernic. Registered holders of Copernic common shares should tender their Copernic share certificates and letters of transmittal in exchange for certificates representing common shares of Comamtech by the initial exchange date which has been set as November 15, 2010. Electronically traded shares of Copernic are expected to be automatically exchanged for shares of Comamtech on November 15, 2010, subject to completion by Comamtech of certain regulatory compliance procedures.
As previously announced on October 20, 2010, Comamtech has entered into an agreement to acquire all of the outstanding shares of DecisionPoint Systems, Inc. (OTC.BB: DNPI) ("DNPI"), in a reverse take-over. The Comamtech reverse acquisition of DNPI is expected to close prior to the end of the current calendar year.
In connection with the Plan of Arrangement, a substitution listing for Copernic has been filed by Comamtech with The NASDAQ Stock Market ("Nasdaq"). Nasdaq has issued a response and notification that as a result of the closing of the Plan of Arrangement there remains only a "public shell" holding only cash and non-operating assets. Nasdaq has stated that it will suspend public trading of all shares as of November 15, 2010, and that it will file further notice to the US Securities and Exchange Commission to remove the publicly trading common stock from listing on Nasdaq, unless an appeal is filed with the Nasdaq Listing Qualifications Panel. Comamtech intends to file the appeal to the delisting notice on the basis of the prospective acquisition of DNPI. The appeal will stay the suspension and delisting through the conclusion of the appeals process. Comamtech anticipates meeting all of the Nasdaq listing qualifications requirements effective as of the closing of the DNPI acquisition, however, there is no guarantee or assurance that the appeal will succeed.
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling cutting-edge search technology, providing innovative home and business software products and solutions for desktop, web and mobile users, through its online properties, including www.mycopernic.com and www.copernic.com. With its award winning Copernic Desktop Search® software search engine product, Copernic brings the power of a sophisticated, yet easy-to-use search engine to the user's PC. More information can be found at www.copernic.com.
About N. Harris Computer Corporation
Harris is a wholly owned subsidiary of Constellation Software Inc. ("Constellation") and is a leading provider of financial management and Customer Information Systems (CIS) software solutions. Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to all levels of local government, public power and water entities as well as school districts throughout North America. Harris' focus is on creating long-term relationships with our customers and ensuring that we meet the changing needs of our customers over time. For further information on Harris Computer Systems, please visit our website at http://www.harriscomputer.com, or call 888-847-7747.
About Constellation Software Inc.
Constellation acquires, manages and builds vertical market software businesses that provide mission critical software solutions. Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Further information about Constellation may be obtained from the Company's web site at www.csisoftware.com.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual outcomes to differ materially from plans, projections, expectations and other anticipated results. Some of these risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims an intent or obligation to update any description of the scope, focus or subject matter of the forward-looking statements or any other matters contained in this press release except as otherwise required by law.
Contacts:
Copernic Inc.
Marc Ferland, President and Chief Executive Officer
Toll Free: (877-289-4682 #1013
418-527-0528 #1013
mferland@copernic.com
www.copernic.com
N. Harris Computer Corporation
Bryce Cooper, Executive Vice President
Harris Computer Systems
613-226 5511 ext 2132
bcooper@harriscomputer.com
www.harriscomputer.com
Constellation Software Inc.
John Billowits, Chief Financial Officer
416-861-2279
info@csisoftware.com
www.csisoftware.com
Are these financials AUDITED or is this another CYSG-style scam from the same group of people?
Copernic Inc. Announces 2010 Third Quarter Results Date : 10/29/2010 @ 4:01PM
Source : MarketWire
Stock : Copernic Inc. (CNIC)
Quote : 2.55 -0.02 (-0.78%) @ 7:22AM
Copernic Inc. Announces 2010 Third Quarter Results
Copernic Inc. (MM) (NASDAQ:CNIC)
Intraday Stock Chart
Today : Friday 29 October 2010
Copernic Inc., (the "Company"), (NASDAQ: CNIC), a leading software development company in the technology sector, specializing in internet, desktop and mobile search products, today reported its financial results for the third quarter ended September 30, 2010 ("Q3 2010"). Unless otherwise stated, all figures in this release are in US dollars.
Financial Highlights
-- Revenues from continuing operations were $0.35 million for Q3 2010, the
same as for Q3 2009.
-- Gross margin from continuing operations in Q3 2010 was 98% compared to
93% for Q3 2009.
-- Expenses from continuing operations in the third quarter of 2010 were at
$1.4 million compared to 1.1 million in the comparable period in 2009.
During Q3 2010, an amount of $0.7 million was spent in relation with
potential business acquisitions. Excluding these fees, expenses for Q3
2010 amounted to 0.7 million.
-- Net loss from continuing operations in Q3 2010 was $1.1 million ($0.52
per share) compared to a net loss of $0.78 million ($0.37 per share) for
the same period in 2009.
-- Liquidities sufficient to meet normal operating requirements until end
of 2010 were at $1.9 million as of September 30, 2010, compared to $4.4
million as of September 30, 2009.
Recent Highlights
-- Copernic Inc. announced on October 25th that its shareholders have
approved the sale of Copernic to N. Harris Computer Corporation
("Harris"), a wholly-owned subsidiary of Constellation Software Inc.
(TSX: CSU), pursuant to a plan of arrangement (the "Plan of
Arrangement"). On August 25, 2010, Copernic and Harris jointly announced
that they had entered into an arrangement agreement with Comamtech Inc.
("Comamtech"), a newly incorporated corporation, with respect to an
arrangement (the "Arrangement") pursuant to which Copernic will
ultimately be acquired and taken private by Harris and current
shareholders of Copernic will become shareholders of Comamtech, which
shall retain certain non-operating assets of Copernic.
A special meeting of shareholders was held at 10:00 a.m. (EDT) on
October 25, 2010 (the "Special Meeting"), whereby a special resolution
approving the Plan of Arrangement was approved by 98 % of the votes cast
by shareholders of Copernic represented in person or by proxy at the
Special Meeting. Copernic's board of directors had previously
unanimously recommended that holders of Copernic common shares vote in
favour of the Plan of Arrangement.
-- On October 20, 2010, Copernic announced that its wholly-owned
subsidiary, Comamtech Inc. ("Comamtech"), entered into a definitive
arrangement agreement (the "Arrangement Agreement") with DecisionPoint
Systems, Inc. ("DNPI"), with respect to an arrangement (the
"Arrangement") to acquire all the outstanding shares of DNPI in a
reverse take-over with the result, that at closing DNPI shareholders
shall hold approximately 70.6% of the issued and outstanding shares of
Comamtech, on a fully diluted basis.
The Arrangement will be completed by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Plan of Arrangement") and provides for the amalgamation of DNPI with 2259736 Ontario Inc., a wholly-owned subsidiary of Comamtech.
Completion of the Arrangement will be subject to certain customary conditions, including approval of the Arrangement by not less than 66 2/3 percent of the votes cast at a special meeting of the shareholders of Comamtech. The shareholders of Comamtech will be asked, at the special meeting, to approve the continuance of Comamtech under the General Corporation Law of the State of Delaware. The completion of the Arrangement is also subject to court approvals, the approval of the amalgamation by DNPI shareholders, the closing of the transaction with Harris and certain regulatory approvals.
Pursuant to the Arrangement Agreement, Comamtech has agreed to pay DNPI a termination fee of $500,000 in certain circumstances if the proposed Arrangement is not completed. DNPI, likewise, has agreed to pay Copernic a termination fee of $500,000 in the event of a material breach or non-performance by DNPI of its obligations under the Arrangement Agreement. The Arrangement Agreement also contains mutual non-solicitation covenants and mutual rights to match any superior proposal.
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling cutting-edge search technology, providing innovative home and business software products and solutions for desktop, web and mobile users, through its online properties www.copernic.com and www.mycopernic.com. With its award winning Copernic Desktop Search software search engine product, the Company brings the power of a sophisticated, yet easy-to-use search engine to the user's PC.
More information can be found at www.copernic.com.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims any intent or obligation to update any description of the scope, focus or subject matter of the statements in this press release.
Copernic Inc.
Condensed Consolidated Balance Sheet
(expressed in U.S. dollars and in accordance with generally accepted
accounting principles in Canada)
As at As at
September 30, December 31,
2010 2009
(unaudited) (audited)
$ $
Assets
Current assets
Cash 503,245 465,949
Temporary investments 1,457,102 3,504,930
Accounts receivable 433,212 256,110
Income taxes receivable 273,410 337,802
Balance of sale receivable - 655,131
Prepaid expenses 295,106 118,149
Other assets 2,700,637 -
--------------------------------------------------------------------------
5,662,712 5,338,071
Balance of sale receivable - 3,694,060
Property and equipment 79,206 115,110
Intangible assets 146,251 202,597
Goodwill 3,362,003 3,362,003
--------------------------------------------------------------------------
9,250,172 12,711,841
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Liabilities
Current liabilities
Accounts payable and accrued liabilities 1,174,124 1,010,140
Deferred revenue 79,953 103,668
Deferred rent 869 1,534
Current portion of obligations under
capital leases 10,621 50,630
--------------------------------------------------------------------------
1,265,567 1,165,972
--------------------------------------------------------------------------
Obligations under capital leases 9,289 7,906
Future income taxes 32,293 45,146
--------------------------------------------------------------------------
Commitments
Shareholders' Equity
Capital stock
Authorized
Unlimited number of common shares, no
par value
Issued and outstanding
2,096,913 (2,091,437 as at December 31,
2009) common shares 96,565,618 96,556,485
Contributed Surplus 5,930,663 5,853,737
Accumulated other comprehensive income 561,137 561,137
Accumulated deficit (95,114,395) (91,478,542)
--------------------------------------------------------------------------
7,943,023 11,492,817
--------------------------------------------------------------------------
9,250,172 12,711,841
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Copernic Inc.
Condensed Consolidated Statements of Operations
(unaudited)
(expressed in U.S. dollars and in accordance with generally accepted
accounting principles in Canada)
For the nine months For the three months
ended ended
September 30, September 30,
------------------------------------------------
2010 2009 2010 2009
$ $ $ $
Revenues 1,079,965 1,280,083 355,273 353,293
Cost of revenues 22,405 55,168 5,224 25,725
--------------------------------------------------------------------------
Gross Margin 1,057,560 1,224,915 350,049 327,568
--------------------------------------------------------------------------
Expenses
Marketing, sales and
services 372,448 431,931 73,978 146,777
General and administration 2,325,717 1,763,411 1,154,741 616,796
Product development and
technical support 636,391 854,017 174,481 297,076
Amortization of property
and equipment 45,374 87,075 14,127 32,845
Amortization of intangible
assets 58,444 538,394 19,607 182,531
Gain on disposal of
property and equipment (2,827) - - -
Gain on disposal of
intangible assets (9,960) - - -
Restructuring charges - 20,624 - (4,998)
Interest and other income (224,261) (184,707) (314) (161,025)
Gain on disposal of an
investment - (169,239) - -
Loss on foreign exchange 49,577 47,129 7,964 37,118
--------------------------------------------------------------------------
3,250,903 3,388,635 1,444,584 1,147,120
--------------------------------------------------------------------------
Loss from continuing
operations before income
taxes and discontinued
operations (2,193,343) (2,163,720) (1,094,535) (819,552)
Current income taxes - 1,498 - -
Future income taxes (12,853) (594,990) (4,284) (36,416)
--------------------------------------------------------------------------
(12,853) (593,492) (4,284) (36,416)
--------------------------------------------------------------------------
Loss from continuing
operations (2,180,490) (1,570,228) (1,090,251) (783,136)
Results of discontinued
operations, net of income
taxes (1,455,363) 4,386,401 (12,092) (38,598)
--------------------------------------------------------------------------
Net income (loss) for the
period (3,635,853) 2,816,173 (1,102,343) (821,734)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Basic and diluted loss /
share - continuing
operations (1.04) (0.75) (0.52) (0.37)
Basic and diluted earnings
(loss)/ share -
discontinued operations (0.69) 2.10 - (0.02)
--------------------------------------------------------------------------
Basic and diluted net
earnings (loss)/ share (1.73) 1.35 (0.52) (0.39)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Copernic Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(expressed in U.S. dollars and in accordance with generally accepted
accounting principles in Canada)
For the nine months For the three months
ended ended
September 30, September 30,
------------------------------------------------
2010 2009 2010 2009
$ $ $ $
Cash flows from (used for)
Operating activities
Loss from continuing
operations (2,180,490) (1,570,228) (1,090,251) (783,136)
Adjustments for
Amortization of property
and equipment 45,374 87,075 14,127 32,845
Amortization of
intangible assets 58,444 538,394 19,607 182,531
Employee stock-based
compensation 76,926 84,718 2,063 29,493
Gain on disposal of an
investment - (169,239) - -
Gain on disposal of
intangible (9,960) - - -
Future income taxes (12,853) (594,990) (4,284) (36,416)
Accreted interest on
balance of sale
receivable (217,603) (126,093) - (126,093)
Unrealized loss on
foreign exchange 542 8,502 379 4,785
Net change in non-cash
working capital items (150,063) 178,939 278,583 137,571
--------------------------------------------------------------------------
Cash used for operating
activities from
continuing operations (2,389,683) (1,562,922) (779,776) (558,420)
Cash provided by (used
for) discontinued
operations (17,076) 765,357 (12,092) 181,648
--------------------------------------------------------------------------
Cash used for operations (2,406,759) (797,565) (791,868) (376,772)
--------------------------------------------------------------------------
Investing activities
Increase in Other assets (65,637) - - -
Proceeds on the disposal
of an investment - 169,239 - -
Proceeds on the disposal
of an intangible 9,960 - - -
Purchase of intangible
assets (2,098) (3,224) - -
Purchase of property and
equipment (3,357) (28,897) - (5,423)
Net decrease in temporary
investments - 3,005,227 - (3,406)
--------------------------------------------------------------------------
Cash provided by (used
for) continuing
operations (61,132) 3,142,345 - (8,829)
Cash provided by
discontinued operations 493,507 74,297 200,000 74,297
--------------------------------------------------------------------------
Cash provided by investing
activities 432,375 3,216,642 200,000 65,468
--------------------------------------------------------------------------
Financing activities
Issuance of capital stock 9,133 - 8,400 -
Repayment of obligations
under capital leases (45,281) (44,465) (6,554) (16,922)
--------------------------------------------------------------------------
Cash provided by (used
for) financing activities (36,148) (44,465) 1,846 (16,922)
--------------------------------------------------------------------------
Net change in cash and
cash equivalents during
theperiod (2,010,532) 2,374,612 (590,022) (328,226)
Cash and cash equivalents
- Beginning of period 3,970,879 2,067,705 2,550,369 4,770,543
--------------------------------------------------------------------------
Cash and cash equivalents
- End of period 1,960,347 4,442,317 1,960,347 4,442,317
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Cash and cash equivalents
comprise:
Cash 503,245 438,556 503,245 438,556
Temporary investments 1,457,102 4,003,761 1,457,102 4,003,761
--------------------------------------------------------------------------
1,960,347 4,442,317 1,960,347 4,442,317
Supplemental cash flow
information - continuing
operations
Cash paid for interest 4,006 7,469 800 2,470
Cash paid for income taxes - 1,498 - -
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Contacts:
Copernic Inc.
Jean-Rock Fournier, CA
Executive Vice President and Chief Financial Officer
418-527-0528 ext. 1271 / Toll Free: 877-289-4682
jrfournier@copernic.com
www.copernic.com
Oh no!!! -2%. I guess the world is over here too. That's not even a significant drop, c'mon man. The merging company DNPI closed up so CNIC is the choice for criticism? Come back when the merger is complete and let's see where it's at then.
Trick question: Which market tier does CNIC trade on?
check out the close at EoD... just like i said. not sure how else to explain it to you.
Red numbers = DOWN.
Are you standing on your head? That trend looks up to me. Maybe I'm upside down?
From CNIC Shareholder Approval Marks Major Milestone Toward DecisionPoint Completing Reverse Merger Copernic Inc. (MM) (NASDAQ:CNIC)
Intraday Stock Chart
Today : Tuesday 26 October 2010
DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced that shareholders of Copernic, Inc. (NASDAQ: CNIC) have approved the sale of the company to N. Harris Computer Corporation, a wholly-owned subsidiary of Constellation Software Inc. (TSX: CSU). DecisionPoint entered into a reverse merger agreement with Comamtech, the successor company of Copernic, Inc. on October 20, 2010.
"We are pleased by the result of this important shareholder vote," said Nicholas Toms, Chief Executive Officer of DecisionPoint. "With this positive outcome, the operating businesses of Copernic will be monetized, enabling DecisionPoint and Comamtech to continue on the path to completing our reverse merger agreement."
DecisionPoint and Comamtech, the successor company of Copernic, Inc. announced a reverse merger agreement on October 20, 2010. Copernic has entered various agreements to divest all of its operating businesses, resulting in $3.5 million cash and installment payments due of $5.4 million, or a total of $8.9 million of mainly cash and receivables which will be transferred into Comamtech; and currently outstanding shares of Copernic will be exchanged one-for-one for new publicly traded shares in Comamtech. After the merger, the resulting legal entity will be named DecisionPoint Systems, Inc. and it is intended that the merged company will apply to have its common stock listed on the Nasdaq Capital Market. The entire management team of DecisionPoint will become the management team of the merged company.
Terms of the merger agreement call for Comamtech to acquire all of the outstanding common shares of DecisionPoint at an exchange ratio of 1 Comamtech share for every 8 DecisionPoint outstanding common shares held by shareholders, for a total issuance of approximately 4.2 million common shares. Outstanding warrants, options and preferred shares will be converted at the same ratio. The merged company is anticipated to have approximately 6.3 million basic common shares outstanding and 7.4 million fully diluted shares outstanding. DecisionPoint shareholders are expected to retain approximately 71% of the new company's outstanding shares on a fully diluted basis. The transaction is intended to be a tax free exchange for Federal income tax purposes. Subject to shareholder approval of both companies as well as other customary closing conditions and regulatory approvals, the transaction is expected to close during the fourth quarter.
For further details please refer to the formal announcement made on October 20, 2010.
About DecisionPoint Systems, Inc.
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit http://www.decisionpt.com/news.php.
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Company Contact:
Nicholas R. Toms - NJ Office
Chief Executive Officer
T: 973-290-0100 ext 110
ntoms@decisionpt.com
Investor Relations Contact:
Stephanie Prince/Jody Burfening
Lippert/Heilshorn & Associates
T: 212-838-3777
sprince@lhai.com
From DNPI.... Shareholder Approval Marks Major Milestone Toward DecisionPoint Completing Reverse Merger Date : 10/26/2010 @ 8:05AM
Source : MarketWire
Stock : DecisionPoint Systems (DNPI)
Quote : 0.3 0.0 (0.00%) @ 8:02AM
Shareholder Approval Marks Major Milestone Toward DecisionPoint Completing Reverse Merger Decisionpoint Systems (BB) (OTCBB:DNPI)
Intraday Stock Chart
Today : Tuesday 26 October 2010
DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced that shareholders of Copernic, Inc. (NASDAQ: CNIC) have approved the sale of the company to N. Harris Computer Corporation, a wholly-owned subsidiary of Constellation Software Inc. (TSX: CSU). DecisionPoint entered into a reverse merger agreement with Comamtech, the successor company of Copernic, Inc. on October 20, 2010.
"We are pleased by the result of this important shareholder vote," said Nicholas Toms, Chief Executive Officer of DecisionPoint. "With this positive outcome, the operating businesses of Copernic will be monetized, enabling DecisionPoint and Comamtech to continue on the path to completing our reverse merger agreement."
DecisionPoint and Comamtech, the successor company of Copernic, Inc. announced a reverse merger agreement on October 20, 2010. Copernic has entered various agreements to divest all of its operating businesses, resulting in $3.5 million cash and installment payments due of $5.4 million, or a total of $8.9 million of mainly cash and receivables which will be transferred into Comamtech; and currently outstanding shares of Copernic will be exchanged one-for-one for new publicly traded shares in Comamtech. After the merger, the resulting legal entity will be named DecisionPoint Systems, Inc. and it is intended that the merged company will apply to have its common stock listed on the Nasdaq Capital Market. The entire management team of DecisionPoint will become the management team of the merged company. Terms of the merger agreement call for Comamtech to acquire all of the outstanding common shares of DecisionPoint at an exchange ratio of 1 Comamtech share for every 8 DecisionPoint outstanding common shares held by shareholders, for a total issuance of approximately 4.2 million common shares. Outstanding warrants, options and preferred shares will be converted at the same ratio. The merged company is anticipated to have approximately 6.3 million basic common shares outstanding and 7.4 million fully diluted shares outstanding. DecisionPoint shareholders are expected to retain approximately 71% of the new company's outstanding shares on a fully diluted basis. The transaction is intended to be a tax free exchange for Federal income tax purposes. Subject to shareholder approval of both companies as well as other customary closing conditions and regulatory approvals, the transaction is expected to close during the fourth quarter.
For further details please refer to the formal announcement made on October 20, 2010.
About DecisionPoint Systems, Inc.
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit http://www.decisionpt.com/news.php.
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Company Contact:
Nicholas R. Toms - NJ Office
Chief Executive Officer
T: 973-290-0100 ext 110
ntoms@decisionpt.com
Copernic Shareholders Approve Plan of Arrangement
Monday 10/25/2010 4:02 PM ET - Marketwire
As of 3:56 PM ET 10/25/10
Copernic Inc. ("Copernic") (NASDAQ: CNIC) is pleased to announce that its shareholders have approved the sale of Copernic to N. Harris Computer Corporation ("Harris"), a wholly-owned subsidiary of Constellation Software Inc. (TSX: CSU), pursuant to a plan of arrangement (the "Plan of Arrangement"). On August 25, 2010, Copernic and Harris jointly announced that they had entered into an arrangement agreement with Comamtech Inc. ("Comamtech"), a newly incorporated corporation, with respect to an arrangement (the "Arrangement") pursuant to which Copernic will ultimately be acquired and taken private by Harris and current shareholders of Copernic will become shareholders of Comamtech, which shall retain certain non-operating assets of Copernic.
A special meeting of shareholders was held at 10:00 a.m. (EDT) on October 25, 2010 (the "Special Meeting"), whereby a special resolution approving the Plan of Arrangement was approved by 98% of the votes cast by shareholders of Copernic represented in person or by proxy at the Special Meeting. Copernic's board of directors had previously unanimously recommended that holders of Copernic common shares vote in favour of the Plan of Arrangement.
The Arrangement will be completed by way of the Plan of Arrangement under section 182 of the Business Corporations Act (Ontario) and requires the approval of the Ontario Superior Court of Justice (Commercial List). The hearing in respect of the final order (the "Final Order") to approve the Arrangement is currently anticipated to be held on November 1, 2010 at 10:00 a.m. (Toronto Time). If the Final Order is obtained on November 1, 2010, and all other conditions to the completion of the Arrangement are satisfied or waived, it is anticipated that the Arrangement will be completed on or about November 2, 2010.
For further details regarding the Arrangement, please refer to Copernic's management information circular dated September 27, 2010 (the "Circular"), a copy of which is available under the corporate profile of Copernic on SEDAR at www.sedar.com.
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling cutting-edge search technology, providing innovative home and business software products and solutions for desktop, web and mobile users, through its online properties, including www.mycopernic.com and www.copernic.com. With its award winning Copernic Desktop Search(R) software search engine product, Copernic brings the power of a sophisticated, yet easy-to-use search engine to the user's PC. More information can be found at www.copernic.com.
About N. Harris Computer Corporation
Harris is a wholly owned subsidiary of Constellation Software Inc. ("Constellation") and is a leading provider of financial management and Customer Information Systems (CIS) software solutions. Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to all levels of local government, public power and water entities as well as school districts throughout North America. Harris' focus is on creating long-term relationships with our customers and ensuring that we meet the changing needs of our customers over time. For further information on Harris Computer Systems, please visit our website at http://www.harriscomputer.com, or call 888-847-7747.
About Constellation Software Inc.
Constellation acquires, manages and builds vertical market software businesses that provide mission critical software solutions. Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Further information about Constellation may be obtained from the Company's web site at www.csisoftware.com.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual outcomes to differ materially from plans, projections, expectations and other anticipated results. Some of these risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims an intent or obligation to update any description of the scope, focus or subject matter of the forward-looking statements or any other matters contained in this press release except as otherwise required by law.
Contacts:
Copernic Inc.
Marc Ferland
President and Chief Executive Officer
418-527-0528 #1013 or Toll Free: 877-289-4682 #1013
mferland@copernic.com
www.copernic.com
N. Harris Computer Corporation
Harris Computer Systems
Bryce Cooper, Executive Vice President
613-226 5511 ext 2132
bcooper@harriscomputer.com
www.harriscomputer.com
Constellation Software Inc.
John Billowits
Chief Financial Officer
416-861-2279
info@csisoftware.com
www.csisoftware.com
SOURCE: Copernic Inc.
mailto:mferland@copernic.com
http://www.copernic.com
mailto:bcooper@harriscomputer.com
http://www.harriscomputer.com
mailto:info@csisoftware.com
http://www.csisoftware.com
Copernic Inc. creates strategic technology partnership with the industry-leading software and hardware organizations and system integrators. Copernic and its world-class partners collaborate to develop emerging search solutions to ensure customers find information relevant to them.
Copernic Inc. is recognized as a certified member of the Intel® Software Partner Program.
Copernic Inc. is a certified IBM Business partner and is integrating the latest Lotus™ technologies. We partnered with IBM to bring in the best technologies to our customers.
DecisionPoint Announces Reverse Merger Agreement With Copernic
Copernic Inc. (MM) (NASDAQ:CNIC)
Today : Wednesday 20 October 2010
DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced a merger agreement with Comamtech, the successor company of Copernic, Inc. (NASDAQ: CNIC). Copernic has entered various agreements to divest all of its operating businesses, resulting in $3.5 million cash and installment payments due of $5.4 million, or a total of $8.9 million of mainly cash and receivables which will be transferred into Comamtech; and currently outstanding shares of Copernic will be exchanged one-for-one for new publicly traded shares in Comamtech.
This is the same company that sued and reported Mark Cuban to the SEC for dumping their stock when they called and told him they were planning another stock offering, then it was MAMA aka MAMA.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33624289
A unit of Constellation Software Inc. (CSU.T, C$41.25, C$0.25, 0.6%) plans to acquire and privatize Copernic Inc. (CNIC, $2.61, -$0.10, -3.5%).
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DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to our clients by helping them move their business decision points closer to their customers.
We do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.
This is our entire business and we are experts at it. We have a 30-year track record helping our clients make what is possible in mobile computing, practical and reliable.
DecisionPoint has the complete range of offerings needed to make this happen. Business process and mobile solution consulting. Technology implementation and support. Hardware and software and consumables.
DNPI = newly public....huge deals with Coca-cola, US Air Force, Celgene, Scientific Games, Motorola, Petco, Nordstrom, Pfizer. They do RFID Mobile Computing for jumbo-sized companies.
http://www.youtube.com/watch?v=yFDkogPQmgo
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6718829
CEO Nicholas Toms was the founder, CEO, and took public Peak Technologies on the NASDAQ which got bought out for $210 million or $18/share 5 years later:
http://findarticles.com/p/articles/mi_qa3755/is_199705/ai_n8765568/
"DecisionPoint Recognized by Motorola as Top 10 North American Wireless LAN Partner"
"DecisionPoint has been a Motorola PartnerSelect Business Partner since 2003 and was named Motorola PartnerSelect Business Partner of the Year in 2007"
http://finance.yahoo.com/news/DecisionPoint-Recognized-by-iw-2681894867.html?x=0&.v=1
CEO Nicholas Toms formed DNPI just 3 years ago. $53 million 2008 revenues with $1 million in operating income.
"""Southeastern Container turns to Motorola and decisionpoint systems for RFID asset tracking
Expected to Deliver thousands of dollars in annual savings""""
http://www.motorola.com/staticfiles/Business/Solutions/Industry%20Solutions/RFID%20Solutions/Documents/Static%20Flies/Southeastern%20Container%20Case%20Study%20-%20Asset%20Tracking.pdf?localeId=33
DNPI RECENT PRS:
http://www.decisionpt.com/news.php
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