Business
MPVC Inc. Announces Asset Purchase
MPVC Inc. Announces Asset Purchase.
About this update from Northern Uranium Corp.
[{"type":"text","content":"\n\n\n\nWINNIPEG, Jan. 4 /CNW/ - MPVC Inc. (the \"Corporation\") (TSX-V: MPI)\nannounced today that its wholly-owned subsidiary, OneContact, Inc. (\"OCI\"),\nhas entered into an asset purchase agreement (the \"agreement\") with The\nMarketing Leaders Inc. (\"TML\"). TML specializes in outbound telemarketing and\ncustomer acquisition programs across many markets. Pursuant to the agreement\nOCI agreed to acquire all of the customers and related delivery infrastructure\nof TML for a purchase price of $130,000 CDN. The closing of the proposed\ntransaction is expected to occur on or before January 05, 2007.\n\n\nThe addition of TML to the OCI Toronto Facility, offers the ability to\nexecute programs with a high degree of redundancy between Toronto and the\nexisting OCI Texas facility. It also enables Canadian customers to leverage\nour multi-lingual skills for outbound telemarketing drawing on more depth for\ndiverse languages.\n\n\nThe proposed transaction is subject to conditions precedent, including:\nthe completion of any required review and subsequent approval by regulatory\nbodies; the approval of the final terms and conditions of the proposed\ntransaction by the board of directors of each of TML and OCI and the entering\ninto a definitive form of agreement; consent of the shareholders of TML; and\nconfirmation of support from customers of TML representing 90% of the revenue\nexpected to be realized from TML Inc.'s customers; and the receipt of\nemployment agreements from key personnel at TML. Evergreen Marketing, the\nlargest TML customer has provided evidence of support by way of an LOI to\ncontinue the services.\n\n\nDuring negotiations Evergreen was consulted on the basis of OCI being\nable to provide more scalability to TML. A large outbound operation out of\nFlorida, Evergreen has a desire to provide additional business on the basis of\nOCI's ability to scale their programs in both Toronto and Texas in a fashion\nbetter than TML would have been able to, on their own.\n\n\nThe TSX Venture Exchange has neither approved nor disapproved the\n\n\ncontents of this press release. This press release contains forward-\n\n\nlooking statements.\n\n\nThe Corporation is subject to significant risks and uncertainties which\nmay cause the actual results, performance or achievements of the Corporation\nto be materially different from any...