Monday, March 06, 2006 8:55:22 PM
Here is an excerpt from C.C.'s 10QSB dated January 6th , 2006 .
The international segment is comprised of the operations of InterTAN, Inc. On May 12, 2004, the company acquired a controlling interest in InterTAN, Inc. and on May 19, 2004, completed its acquisition of 100 percent of the common stock of InterTAN for cash consideration of $259.3 million, which includes transaction costs and is net of cash acquired of $30.6 million. In addition to giving Circuit City a greater product-sourcing capability and the ability to accelerate the offering of private-label merchandise to its customers, the acquisition of InterTAN gave the company its first presence in the Canadian market. The international segment is primarily engaged in the business of selling both private-label and brand-name consumer electronics. The international segment's headquarters are located in Barrie, Ontario, Canada, and it operates through retail stores and dealer outlets in Canada under the trade names THE SOURCE BY CIRCUIT CITYSM, RadioShack(R), Rogers Plus(R) and Battery Plus(R). At November 30, 2005, the international segment conducted business through 954 retail stores and dealer outlets, which consisted of 533 company-owned stores, 304 dealer outlets, 93 Rogers Plus(R) stores and 24 Battery Plus(R) stores. The international segment also operates a Web site at www.thesourcecc.ca.
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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