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Another buyback to reduce the float.

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Rckhnd   Wednesday, 05/13/09 09:24:03 PM
Re: None
Post # of 111 
Another buyback to reduce the float.


TORONTO, May 13, 2009 (Canada NewsWire via COMTEX) -- Tucows Inc. (NYSE
AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet
services, announced today that it intends to commence a second modified "Dutch
auction" tender offer to repurchase up to 4,000,000 shares of its common stock,
representing approximately 5.8% of the Tucows' outstanding shares. The tender
offer is expected to commence on Tuesday, May 26, 2009 and to expire, unless
extended, at 5:00 P.M., New York City Time, on Tuesday, June 23, 2009.

Under the tender offer, shareholders will have the opportunity to tender some or
all of their shares at a price within an expected range of $0.36 to $0.45 per
share, which price range may be modified by Tucows prior to the commencement of
the offer. Based on the number of shares tendered and the prices specified by
the tendering shareholders, Tucows will determine the lowest per share price
within the range that will enable it to buy 4,000,000 shares, or such lesser
number of shares that are properly tendered. If shareholders of more than
4,000,000 shares properly tender their shares at or below the determined price
per share, Tucows will purchase shares tendered by such shareholders, at the
determined price per share, on a pro rata basis. Additionally, if more than
4,000,000 shares are properly tendered, the number of shares to be repurchased
by Tucows pursuant to the tender offer may, at the discretion of Tucows, be
increased by up to 2% of Tucows' outstanding shares, or approximately 1,378,000
shares, without amending or extending the tender offer.

Shareholders whose shares are purchased in the offer will be paid the determined
purchase price per share net in cash, without interest, after the expiration of
the offer period. The offer is not contingent upon any minimum number of shares
being tendered. The offer is subject to a number of other terms and conditions
specified in the offer to purchase that is being distributed to shareholders.

The information agent for the offer will be StockTrans, Inc. None of Tucows, its
board of directors or the information agent is or will be making any
recommendation to stockholders as to whether to tender or refrain from tendering
their shares into the tender offer. Shareholders must decide how many shares
they will tender, if any, and the price within the stated range at which they
will offer their shares for purchase by Tucows.

This press release is for informational purposes only and is not an offer to buy
or the solicitation of an offer to sell any shares of Tucows' common stock. The
offer will be made solely by the offer to purchase and the related letter of
transmittal.

Stockholders and investors should read carefully the offer to purchase and
related materials when they are available because they contain important
information.

Stockholders and investors may obtain a free copy (when available) of the offer
to purchase and other documents that will be filed by Tucows with the SEC at the
SEC's web site (www.sec.gov) or from StockTrans, Inc., the information agent for
the tender offer, by directing such request to: StockTrans, Inc., Attn:
Re-Organization Dept., 44 West Lancaster Avenue, Ardmore, PA 19003, telephone
(800) 733-1121. Stockholders are urged to carefully read these materials prior
to making any decision with respect to the offer.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over 8 million
domain names and millions of email boxes through a reseller network of over
9,000 web hosts and ISPs. Hover is the easiest way for individuals and small
businesses to manage their domain names and email addresses. YummyNames owns
premium domain names that generate revenue through advertising or resale.
Butterscotch.com is an online video network building on the foundation of
Tucows.com. More information can be found at http://tucowsinc.com.

This news release contains, in addition to historical information,
forward-looking statements related to such matters as our business, including
statements regarding the expected time of commencement of the tender offer and
the planned source of funds to purchase shares tendered in the tender offer.
Such statements are based on management's current expectations and are subject
to a number of uncertainties and risks, which could cause actual results to
differ materially from those described in the forward-looking statements.
Information about potential factors that could affect Tucows' business, results
of operations and financial condition is included in the Risk Factors sections
of Tucows' filings with the Securities and Exchange Commission. All
forward-looking statements included in this document are based on information
available to Tucows as of the date of this document, and Tucows assumes no
obligation to update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other
trademarks and service marks are the properties of their respective owners.

SOURCE: Tucows Inc.



CONTACT: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257,

lchamberlain@equicomgroup.com



There is only one success - to be able to spend your life in your own way
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