Tucows Inc (TCX)

[Rckhnd]

On September 26, 2008, as part of Tucows Inc.’s (the “ Registrant’s ”) previously announced strategy to divest of non-strategic assets, Tucows.com Co.

(“ 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.


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