Prosys Announces the Signature of a Letter of Intent for the Purchase of its Computer Assembly Division
June 26 2008 - 6:20AM
Marketwired
MONTREAL, QUEBEC, CANADA (TSX VENTURE: POZ) - Following its
announcement dated May 9, 2008, the Corporation's management
declares that they are presently in extended negotiations with an
arm's length party after the signature of a letter of intent in
order to conclude a binding agreement of sale of its computer
assembly division "Prosys-Tec Computers Inc." If a binding
agreement of sale intervenes between the parties, it should be
concluded within the first quarter of the financial year.
About Prosys
Prosys is a computer manufacturer and distributor of information
technology products having offices in Montreal, Quebec, Ottawa,
St-John's and Vancouver. Through its subsidiary CDMS, Prosys also
offers a wide range of products, including 24/7 multilingual
technical service desk, network operations and monitoring, managed
services, IT consulting and a host of value add hardware solutions.
The vast customer base of Prosys is divided among various market
niches. Prosys' main clients are the Governments of Canada and
Quebec, crown corporations, universities, school boards and CEGEPs
throughout the province of Quebec. The investment in Peak is in the
scope of the Corporation's steps to diversify the global offer of
services to its current customers and to improve Prosys'
positioning for the development of the SMB market.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed Transaction and has neither approved nor
disapproved the contents of this press release.
Contacts: Prosys Tech Corporation Mr. Georges Hebert President
and Chief Executive Officer 514-255-3454, extension 270
Prosys Tech (Tier2) (TSXV:POZ)
Historical Stock Chart
From May 2024 to Jun 2024
Prosys Tech (Tier2) (TSXV:POZ)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Prosys Tech (Tier2) (TSX Venture Exchange): 0 recent articles
More PROSYS TECH CORPORATION News Articles