GVIC Communications Corp.

November 29, 2007 12:45 ET

GVIC Announces Acquisition of JuneWarren Publishing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - The Board of Directors of GVIC Communications Corp. ("GVIC" or the "Company") (TSX:GCT)(TSX:GCT.C) is pleased to announce that GVIC has entered into an agreement to acquire 100% of the assets of JuneWarren Publishing Ltd. ("JuneWarren") based in Edmonton, Alberta, effective January 1, 2008.

The JuneWarren operations include oil and gas related a) magazine publications and related custom publishing initiatives, b) directory and atlas publications and c) charts and maps. The primary publications are Canadian Oilfield Service & Supply Directory, Oilweek, Oil & Gas Inquirer, Oilsands Review, Alberta Construction Magazine and Canadian Oilfield Gas Plant Atlas.

JuneWarren's publications complement GVIC's Nickle's Energy Group, which publishes the Daily Oil Bulletin, the Canadian Oil Register directory, New Technology Magazine (which focuses on technology in the oil industry, the Rig Locator and The Profiler (an oil industry theme based magazine).

The merger of the JuneWarren and Nickle's businesses will provide a significantly expanded information business with which to serve Canada's oil and gas industry. A number of synergies exist including the opportunity to provide enhanced online product offerings with deeper and richer content, new products for the oilsands and other areas, greater advertising service and effectiveness, and improved distribution, amongst other opportunities.

The acquisition allows GVIC to further develop its strategy of growing through two core segments: 1) the business and professional information sector and 2) the local newspaper and trade information sector.

GVIC acquired the JuneWarren assets for cash and preferred shares.

GVIC's combined daily and community newspaper group offers distribution of more than 1.3 million copies across B.C., Alberta, Saskatchewan, Manitoba, Ontario and Quebec. GVIC's trade information group consists of the largest agricultural publication group in Western Canada, approximately 45 print and online trade magazines published by the Business Information Group, and the Business In Vancouver Media Group. GVIC's business & professional information group includes Specialty Technical Publishers which publishes regulatory & compliance information; CD Pharma Interactive Medical Productions which develops electronic interactive continuing medical education programs for doctors; Fundata which provides investment fund related electronic and print information and analytics to the Canadian and global investment community and a wide variety of Canadian newspapers and media; and a variety of directories, specialty websites and electronic information published by the Business Information Group.

Shares in GVIC can be traded on the Toronto Stock Exchange under the symbol GCT.

About the Company: GVIC Communications Corp. is an information communications company focused on expanding across North America through both internal growth and the strategic acquisition of information communications companies that provide essential information and related services through print, electronic and online media. GVIC is pursuing this strategy through two core business segments: 1) the business and professional information markets and 2) the newspaper and trade information markets.

Forward Looking Statements

Certain statements in this press release may not be historical and may constitute forward-looking statements reflecting financial performance. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Forward-looking statements are based on management's estimates, beliefs and opinions on the date the statements are made. GVIC assumes no obligation to update forward-looking statements if circumstances should change. Additional information on these and other potential factors that could affect GVIC's financial results are detailed in documents filed from time to time with the applicable Canadian securities regulatory authorities.

The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.

Contact Information

  • GVIC Communications Corp.
    Mr. Orest Smysnuik
    (604) 872-8565