Comamtech Inc.

July 09, 2009 17:10 ET

Close of Sale of Copernic Search Assets to Empresario

MONTREAL, QUEBEC--(Marketwire - July 9, 2009) - Copernic Inc. ("Copernic" or the "Company") (NASDAQ:CNIC) today announced that it completed the sale of and its third party Ad Network to Empresario Inc., a privately owned digital media network based in Chicago, Illinois.

"The closing of this transaction took place as planned on June 30th, 2009 which will allow us to reflect the details in our Q2 results" stated Marc Ferland, President and CEO of Copernic. "Although we have now closed an important chapter in the history of the company we look forward to generating shareholder value with a more focused Company."

About Copernic Inc.

Copernic Inc. specializes in developing, marketing and selling cutting-edge search technology. They also provide innovative home and business software products and solutions for desktop, web and mobile users, through its online properties, including and

About Empresario Inc.

Empresario is a privately owned digital media network based in Chicago, Illinois. Empresario operates a meta-search platform, multiple content driven community sites, and an advertiser network that spans across several vertical markets.

Empresario also offers quality web services to distinguished publishers. Its white-label product line allows digital publishers to leverage Empresario's web applications and network infrastructure under their own brands.

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims any intent or obligation to update any description of the scope, focus or subject matter of the statements in this press release.

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