Centiva Capital Inc.

Centiva Capital Inc.

November 12, 2008 15:05 ET

Centiva Investee Completes Major Acquisition

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2008) - Centiva Capital Inc. (TSX VENTURE:CVC) announces that its investee company, VFM Interactive Inc. ("VFM"), has acquired the business of European-based Leonardo Media B.V., the leading distributor of still image content for the travel industry. The combined entity now operates as VFM Leonardo.

Centiva holds a 14% equity interest in VFM Leonardo on a fully diluted basis.

With completion of the acquisition, VFM Leonardo becomes the world's largest provider and distributor of online visual content for the hotel and travel industry. VFM Leonardo's content library includes more than one million digital photographs, videos and 360 degrees virtual tours for over 80,000 hotels and resorts worldwide. VFM Leonardo distributes this content to its online media network of 30,000 plus travel-related channels including online travel agencies, travel research and supplier web sites, search portals and major travel intermediaries.

Centiva Capital Inc. is a TSXV listed company with investments in early-stage businesses with high growth potential and a portfolio of marketable securities.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Centiva Capital Inc.
    John Pennal
    (416) 956-4926