Prosys Announces an Option to Increase its Participation in Peak Positioning Corporation
20 Febrero 2008 - 7:30AM
Marketwired
MONTREAL, QUEBEC ("Prosys"), is pleased to announce that it has
an option to subscribe to additional common shares in the capital
of Peak Positioning Corporation ("Peak") in which it already holds
an important position in the shareholding. This option is up to a
maximum of 50.1% of the issued and outstanding common shares of
Peak at an exercise price of $ 0.75 per common share. This option
enabling Prosys to become the majority shareholder of Peak is valid
until January 24, 2010.
"The investment in Peak enables it to pursue the development and
commercialization of its wireless laptop computer security modules
and asset recovery services. Moreover, it enables Prosys to offer
efficient wireless laptop computer security and asset recovery
services to its clients" declared Mr. Georges Hebert, President and
Chief Executive Officer of Prosys.
About Peak
Peak, a Montreal based start-up company, has partnered with
global leaders in the field of wireless communications to develop a
portfolio of wireless security and asset recovery services for the
laptop computer industry. The services will include using wireless
communications to disable and retrieve lost or stolen laptop
computers.
About Prosys
Prosys is a computer manufacturer and distributor of information
technology products having offices in Montreal, Quï¿1/2bec, 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
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