MONTREAL, July 27 /CNW/ - Montec Holdings Inc. (TSX-V: MTE) ("Montec"), a holding company focused on acquiring and developing a diversified portfolio of high-growth technology companies, today disclosed the terms of the previously announced acquisition of Angus Dortmans Associates Inc. ("ADA"), a private management consultancy firm, by its 51%-owned subsidiary Datex Billing Services Inc. ("Datex").
Under the terms of the acquisition agreement, Datex will pay $200,000 to former ADA shareholders over a period of two years. The initial financial impact of this transaction on Montec is expected to be immaterial.
About Angus Dortmans Associates Inc.
Angus Dortmans Associates provides management advisory services to end-user organizations that rely on business telecommunications, networks and contact centres to advance their business goals. The firm helps organizations solve problems and make better decisions.
About Datex Inc.
Datex (www.datex.ca) is a leading application service provider of Customer Management and Billing solutions and Telecom Expense Management solutions, in a variety of divergent vertical markets. Using its proprietary Customer Lifestyle Management (CLM) process, Datex team has successfully managed and maintained the customer care and billing infrastructure for more than 60 companies spanning three decades of knowledge and experience. Datex' team of technology experts solves the logistical and technological challenges of small and medium sized customer focused business.
About Montec Holdings Inc.
Montec Holdings Inc. is listed on the TSX Venture Exchange (TSX-V: MTE). Montec's objective is to create shareholder value by building a profitable technology entity with high-growth potential. Structured as a holding company, it will acquire, in each case, at least 51% shareholdings of a number of synergetic companies and it will develop a diversified portfolio of high-growth technology companies. Montec recently completed the acquisition of Datex Billing Services Inc. For more information about Montec Holdings, please visit our website at www.montecholdings.com.
Forward Looking Statements
This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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