ActiveCore Announces Acquisition of C Comm Network Corporation
May 07 2004 - 3:00PM
PR Newswire (US)
ActiveCore Announces Acquisition of C Comm Network Corporation
TORONTO, May 7 /PRNewswire-FirstCall/ -- IVP Technology Corp.
(BULLETIN BOARD: TALL) , d.b.a. ActiveCore Technologies, Inc.,
announced today that it has acquired all the issued shares of C
Comm Network Corporation, a privately held Toronto based company,
effective May 6, 2004. The purchase price, approximately USD
475,000, will be satisfied by issuance of ActiveCore shares. C Comm
is a corporate message broadcasting service which employs
communication media such as Facsimile, Voice, SMS text, MMS
graphics and e-mail to deliver dedicated messages to an
organization's customers, partners, employees and other
stakeholders in the mode preferred by the recipient. C Comm's
outbound messaging capability provides ActiveCore with a key
technology infrastructure platform which will combine with the
capabilities of its DynaPortal and ActiveLink products. The company
will begin marketing C Comm's capabilities under the product
category "ActiveCast". Using ActiveCast the company will begin to
offer a complete range of inbound data capture, legacy data base
access, and outbound messaging products and services. Brian
MacDonald, Chairman and CEO of ActiveCore said "We believe that the
addition of C Comm's existing customer base will allow our revenue
from this portion of our business to reach approximately USD 1
million by the end of the current fiscal year. Revenue from this
division will be recurring and brings with it a high profit margin.
In the last week we also added four additional experienced sales
personnel to augment C Comm's existing sales force." Robert
Schieren, spokesman for C Comm Network Corporation commented "we
are very excited by the purchase of our company by ActiveCore and
by the ability to link our technology and customers with
ActiveCore's portal and data base integration capabilities.
Companies such as J2 Global and Xpedite have already demonstrated
that linking back office systems through specialty portals to
outbound communication media is a powerful tool for creating truly
"Smart" enterprises. ActiveCore's growing customer base in health
care, financial services and government provide the perfect market
sectors for rapid expansion." About ActiveCore Technologies, Inc.
IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc.
develops, sells and implements its own "Smart Enterprise" suite of
products. These products consist of web portal, enterprise and
mobile components and applications which give organizations of all
sizes the capability to "integrate, enable and extend" back office
systems to connect to customers and stakeholders. ActiveCore also
operates under the name MDI Solutions, as an IT and specialized
integration service primarily to the healthcare industry. For
information about ActiveCore contact Brian MacDonald at (416)
252-6200. Detailed information about ActiveCore can be found on the
website http://www.activecore.com/. Statements contained in this
news release regarding IVP Technology and planned events are
forward-looking statements, subject to uncertainties and risks,
many of which are beyond IVP Technology's control, including, but
not limited to, reliance on key markets, suppliers, and products,
currency fluctuations, dependence on key personnel and trade
restrictions, each of which may be impacted, among other things, by
economic, competitive or regulatory conditions. These and other
applicable risks are summarized under the caption "Risk Factors" in
IVP Technology's Registration Statement on Form SB-2 filed with the
Securities and Exchange Commission on December 24, 2003.
Forward-looking statements by their nature involve substantial
risks and uncertainties. As a result, actual results may differ
materially depending on many factors, including those described
above. DATASOURCE: ActiveCore Technologies, Inc. CONTACT: Brian
MacDonald of ActiveCore Technologies, Inc., +1-416-252-6200 Web
site: http://www.activecore.com/
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