MONTREAL, June 5 /CNW/ - Montec Holdings Inc. ("Montec" or the "Company") (TSX-V: MTE), a holding company focused on acquiring and developing a diversified portfolio of high-growth technology companies, today announced its subsidiary Datex Billing Services Inc. ("Datex") has acquired the telecom expense management services business of Contour Telecom Inc., a wholly owned subsidiary of Yak Communications (Canada) Corp. ("Yak Communications"). Contour is an outsourced provider of telecom management services including consolidated billing, sophisticated cost management and robust reporting.
The acquired business is synergistic to Datex's activities and brings diversification to Datex's billing and customer management services. The acquired business has many Fortune 1000-type clients that will enhance Datex's presence and service offering to tier-one companies. This transaction moves Datex into the much larger enterprise market, whereas Datex has dealt almost exclusively in the carrier market niche up to now. Datex also secures a revenue stream as Contour has been a Datex client for the past four years. Additionally, this acquisition brings to Datex a number of highly experienced telecom personnel which reinforce Datex's internal operational capacities.
"We think that this new business unit dovetails into the Datex model of outsourced customer management and billing services and we are delighted to bring to Datex a number of Fortune 1000 clients that can benefit from Datex's years of telecom experience. Our first task will now be to ensure the successful integration of this division's activities to Datex; an operational plan has already been deployed to that effect," said Jim Dawson, president of Datex.
"This acquisition perfectly fits Montec's business plan of buying profitable companies that will create additional synergies within the group," said Myer Bentob, President and Chief Executive Officer of Montec Holdings Inc.
About Yak Communications (Canada) Corp.
Yak Communications (Canada) Corp. is an integrated communications provider offering a full range of long distance (1+, toll free and dial-around) services, calling cards and cellular long distance to residential consumers across Canada. Yak's most prominent long distance offering is 10-10-YAK (925), a dial-around service offered at very economical per minute rates. Yak was acquired by Globalive Communications Corp. in the fourth quarter of 2006.
About Datex Inc.
Datex is a leading application service provider of Customer Relationship Management (CRM), Customer Information Systems (CIS) and billing solutions in a variety of divergent vertical markets. Using its proprietary Customer Lifestyle Management (CLM) process, Datex's 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's team of technology experts solves the logistical and technological challenges of small and medium sized customer focused business. For more information about Datex, please visit our website at www.datex.ca.
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. The Company 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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