Press release from Marketwire
Cyberplex Announces Agreement to Acquire Tsavo Media Shareholder Conference Call
Tuesday, May 18, 2010
-- the acquisition of leading online media publisher, Tsavo Media, in a transaction valued at approximately US$75 million (the "Tsavo Acquisition"); and -- a C$30.25 million bought deal private placement of subscription receipts.
Geoffrey Rotstein, President and Chief Executive Officer of Cyberplex and Ted Hastings, President and CEO of Tsavo Media will host a conference call tomorrow, Wednesday May 19, 2010, at 8:30am to announce the acquisition of Tsavo Media.
The conference call is open to everyone and can be accessed by:
Phone: Dial in using the number below. Please call ten minutes in advance of the scheduled call. Participant Dial-in Number: Toll Free Number: 1-888-892-3255 Playback Instructions: A replay of the conference call will be available as of midnight the same day, until midnight Wednesday, May 26, 2010. Toll Free Number: 1-800-937-6305 Playback Pass Code: 990144
Cyberplex Inc. (www.cyberplex.com) is a leader in providing advertising solutions, online customer acquisition strategies and technology development. The Company, through its subsidiaries, leverages its proprietary affiliate network, robust advertising relationships and experience, along with technology design, development and solutions specialists to develop and implement web-based programs and solutions that have a proven record in delivering results.
About Tsavo Media
Based in Waterloo, Ontario, Tsavo Media develops highly relevant content experiences for today's digital consumers, as well as niche content monetization services to publishers. Fundamental demand for Tsavo's offering continues to grow with the inevitable transition of online pricing models from clicks to actions. The ability to intelligently identify consumer intent and accurately match it with relevant and timely offers will be critical for delivering value for advertisers as they consistently move online in the future. Tsavo has more than 300 websites offering consumer information in five strategic categories - health & wellness, technology, lifestyle, education and finance. Its network of sites attracts more than 30 million visitors each month.
This news release may contain forward-looking statements that are based on management's current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Cyberplex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cyberplex Inc. Alexzandria (Ali) Johnson Marketing Manager 416.260.4482 416.597.2345 (FAX) email@example.com www.cyberplex.com