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Tuesday, September 30, 2008 3:27:49 PM
(“ Tucows.com ”), a wholly-owned subsidiary of the Registrant, entered into a definitive agreement with an undisclosed purchaser to acquire Tucows.com’s remaining 10,000 web hosting end-user websites and customers for $990,930.12. The Registrant expects the transaction to close on or around September 30, 2008 (the “ Closing Date ”).
The purchase price is payable in cash, $941,383.61 on the Closing Date and $49,546.51 within 25 business days of the Closing Date.
The Registrant expects that the proceeds from the transaction will facilitate the commencement of the Registrant’s previously announced stock repurchase program.
http://ih.advfn.com/p.php?pid=nmona&cb=1222802830&article=28412416&symbol=A%5ETCX
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