Business
Allen-Vanguard extends exclusivity period with U.S. investor
OTTAWA, April 23 /CNW Telbec/ - Allen-Vanguard today reported that it has agreed to extend beyond...
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\nOTTAWA, April 23 /CNW Telbec/ - Allen-Vanguard today reported that it has\nagreed to extend beyond April 24, 2009 the period of exclusivity with the U.S.\ninvestment firm that has expressed interest in a going-private transaction as\nannounced April 6, 2009. "Discussions have made good progress, therefore we\nsee merit in continuing the dialogue," said David E. Luxton, President and\nCEO. The Company said that it has amended the exclusivity agreement with the\nU.S. investment firm to allow continuing discussions on an exclusive basis\nsubject to a provision that permits either party to terminate upon reasonable\nnotice.\n\n\nForward looking statements\n\n\nThis press release may contain forward-looking statements, which reflect\nAllen-Vanguard's current expectations regarding future events, its strategy,\nexpected performance and condition. Forward-looking statements include\nstatements that are predictive in nature, that depend upon or refer to future\nevents or conditions, or that include words such as "expects," "anticipates,"\n"plans," "believes," "estimates" or negative versions thereof and similar\nexpressions. In addition, any statement that may be made concerning future\nperformance, strategies or prospects, and possible future acquisitions or\ndispositions, is also a forward-looking statement. Forward-looking statements\nare based on current expectations and projections about future events and are\ninherently subject to, among other things, risks, uncertainties and\nassumptions about the Company and economic factors. Forward-looking statements\nare not promises or guarantees of future performance, and actual events and\nresults could differ materially from those expressed or implied in any\nforward-looking statements made about the Company. Any number of important\nfactors could contribute to these digressions, including, but not limited to,\ngeneral economic, political and market factors in North America and\ninternationally, interest and foreign exchange rates, global equity and\ncapital markets, business competition, technological change, changes in\ngovernment regulations, unexpected judicial or regulatory proceedings, and\ncatastrophic events. We stress that the above-mentioned list of important\nfactors is not exhaustive. We encourage you to consi...