Canpages Inc.

Canpages Inc.

August 12, 2009 06:00 ET

Canpages Inc. Acquires PhoneGuide Print and Online Directories

Canada's fastest growing local search company to add over 7,000 new advertisers and expand coverage area in Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2009) - Canpages Inc., Canada's fastest growing local search firm, announced today that it has acquired Texas-based ypOne Publishing's PhoneGuide print and online directories in Ontario.

The acquisition results in a growth of Canpages' advertising base by more than 7,000 new customers as it consolidates PhoneGuide's 19 print directories that currently serve several parts of Southern Ontario. The acquisition also means an increase in Canpages' revenues by $9.2 million.

"With the acquisition of PhoneGuide directories we are able to expand our footprint in the Ontario market which will provide greater reach for our advertisers" said Olivier Vincent, President and CEO of Canpages. "Canpages is already Canada's fastest growing local search company and the agreement speaks to our commitment to aggressively build on the company's success."

In addition to the company's print directories, Canpages has invested considerably into the development of its online local search platform, Canpages.ca to provide a best-in-class local search experience to Canadians and deliver exceptional value to advertisers. In less than a year, its online presence has grown from 300,000 unique visitors per month to over 3.5 million. Along with unique refinement options that enable users to narrow their search to specific categories, neighbourhoods, price ranges and more, Canpages is the first in Canada to offer "Street Scene" search functionality, a feature which provides high resolution, 360-degree street-level views of local business environments.

Canpages publishes more than 80 local telephone directories throughout Ontario, Quebec, Alberta, British Columbia, Northwest Territories and Yukon. In less than one year, Canpages has expanded its reach from 2 million to 8 million homes and businesses across the country. This consolidation with allow a core focus on the Ontario market where the company is experiencing significant growth.

The PhoneGuide acquisition represents the third major directories acquisition for the company in less than eight months and another milestone for Canpages. Earlier this year, the company acquired EZ Finder(TM) Phonebooks and ZipLocal.ca.

About Canpages Inc. and Canpages.ca

Canpages is the largest independent local search and directories publisher in Canada. Its website, Canpages.ca features a national residential and business database and more than 3.5 million unique visitors come to visit it every month with their local search requests. With 80 publications and over 80,000 customers, Canpages reaches more than 8 million households and businesses across Canada. Headquartered in Vancouver, Canpages employs 600 people and has offices in Alberta, British Columbia, Ontario and Quebec. For more information visit: www.Canpages.ca.

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