Copernic Updates Investors on Private Placement
29 Janeiro 2010 - 8:00PM
Marketwired
Copernic, Inc. ("Copernic") (NASDAQ: CNIC) and 220872 Ontario Inc.
have agreed to delay closing of the previously announced private
placement in order to negotiate the inclusion of the strategic
acquisition by Copernic of a majority interest in Sunbay Energy,
("Sunbay") a company in the waste conversion and energy generation
business, from Newlook Industries Corp. (TSX VENTURE: NLI)
("Newlook") which is controlled by Mr. John Simmonds.
"Sunbay holds the Canadian marketing rights to the Turbo Plasma
Torch, a key component in the process of converting waste to energy
which is manufactured by Europlasma, a public company located in
France. In addition, Sunbay is in the development stages on a waste
to energy project in one Canadian city and is in negotiations on
similar projects in other Canadian cities", stated Mr. John
Simmonds, Chief Executive Officer of Newlook, adding that "Newlook
looks forward to growing this enterprise with Copernic".
Mr.Marc Ferland, Chief Executive Officer of Copernic stated that
"Copernic welcomes the opportunity to acquire a majority interest
in Sunbay and to participate in the waste conversion and energy
generation business. I would like to thank the shareholders of
Copernic for their patience while the parties negotiate the terms
of this transaction."
It is intended that the relevant legal documentation
incorporating the Sunbay transaction and the private placement,
including the terms and conditions thereof, will be signed by the
parties and announced no later than February 12, 2010.
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, 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 an intent or obligation to update any
description of the scope, focus or subject matter of the statements
in this press release.
www.copernic.com
Contacts: Copernic Inc. Marc Ferland President and Chief
Executive Officer Telephone Toll Free: 877-289-4682 #1013 Telephone
Local: 418-527-0528 #1013 mferland@copernic.com
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