Mediagrif and Quebecor Media Announce Closing of the Acquisition of Reseau
LONGUEUIL, QUEBEC -- (Marketwired) -- 11/29/13 -- Mediagrif
Interactive Technologies ("Mediagrif"), a leading provider in
e-commerce solutions, and Quebecor Media announce today the closing
of the transaction previously announced on May 31, 2013 regarding the
acquisition of Reseau Contact by Mediagrif. Total cash consideration
for the acquisition is $7.5 M, subject to certain working capital
Reseau Contact is Quebec's most popular dating site with a community
of more than a million members.
About Mediagrif Interactive Technologies Inc.
Mediagrif Interactive Technologies Inc. (TSX:MDF) delivers innovative
e-commerce solutions to businesses since 1996. Its web platforms
enable clients to find, purchase and sell products, exchange
information, gain access to business opportunities and manage supply
chain collaboration with greater speed and efficiency. The Company
provides e-commerce solutions in the fields of electronic components,
computer equipment and telecommunications, medical equipment,
automotive aftermarket, wine and spirits, diamonds and jewelry,
classified ads, recruitment and career services, supply chain
collaboration and government opportunities. Mediagrif has its
headquarters in Longueuil and has offices in North America and Asia.
For more information, please visit us at www.mediagrif.com or call 1
About Quebecor Media Inc.
Quebecor, a Canadian telecommunications, entertainment and news media
leader, is one of the best-performing integrated communications
companies in the industry. Driven by their determination to deliver
the best possible customer experience, all of Quebecor's subsidiaries
and brands are differentiated by their high-quality, multiplatform,
convergent products and services.
Quebecor (TSX:QBR.A)(TSX:QBR.B) is headquartered in Quebec. It holds
a 75.36% interest in Quebecor Media, which employs nearly 16,000
people in Canada.
A family business founded in 1950, Quebecor is strongly committed to
the community. Every year, it actively supports more than 400
organizations working in the vital fields of culture, health,
education, the environment and entrepreneurship.
Visit our web site: www.quebecor.com
Follow us on Twitter: twitter.com/QuebecorMedia
This press release contains certain forward-looking statements. These
forward-looking statements, by their nature, necessarily involve
risks and uncertainties that could cause actual results to differ
materially from those contemplated by these forward-looking
statements. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution
the reader that these assumptions regarding future events, many of
which are beyond our control, may ultimately prove to be incorrect
since they are subject to risks and uncertainties that affect us. We
disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
securities legislation. All amounts are in Canadian dollars.
Mediagrif Interactive Technologies
Claude Roy, President and CEO
450-449-0102, ext. 2004
1-877-677-9088, ext. 2004
Paul Bourque, Chief financial officer
450-449-0102, ext. 2135
1-877-677-9088, ext. 2135
Martin Tremblay, Vice President, Public affairs
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