Datamark Systems Group Inc.

Datamark Systems Group Inc.

March 14, 2007 18:26 ET

Datamark Systems Group Inc.: Significant Shareholder Signs Support Agreement


On February 9, 2007, Datamark Systems Group Inc. (TSX:DMK) announced that it entered into an Acquisition Agreement with Komunik Corporation providing for the combination of Komunik, a private Montreal-based company, and Datamark.

As previously announced, the transaction is subject to the approval of Datamark's shareholders, applicable regulatory and court approvals, and certain other conditions. On February 9, 2007, shareholders holding 66.59% of Datamark's shares entered into definitive agreements whereby they agreed to support the transaction. Datamark announces today that a significant shareholder holding 11.46% of Datamark's shares entered into a definitive agreement whereby it agreed to support the transaction, thereby resulting in shareholders holding 78.05% of Datamark's shares having agreed to support the transaction.

Pursuant to the Acquisition Agreement, Datamark is prohibited from soliciting competing offers. However, the Board of Directors may entertain superior proposals. In certain circumstances, Datamark may terminate the Acquisition Agreement and withdraw its recommendation to shareholders to accept Komunik's offer. In such an event and in certain other circumstances, Datamark would be required to pay a termination fee to Komunik of $1,250,000.

About Komunik

Komunik is a provider of end-to-end solutions for relationship marketers. Through technology innovation, Komunik helps Fortune 1000 companies increase their control of the marketing environment. Komunik provides marketers with world-class expertise and support for multi-channel activities and business process optimization. Komunik's value proposition includes: Marketing Programs Outsourcing, Email Marketing, Interactive Marketing and Variable Printing Solutions. The Company's proprietary technology provides a flexible feature set to meet marketers' demands. Konversation, a modular technology platform, is designed to optimize and integrate business processes and relationship marketing activities.

About Datamark

Datamark Systems Group Inc. is dedicated to providing efficient and innovative document Management solutions. The company's operating divisions and subsidiaries, Datamark Systems, Proforms and Les Impressions Intra-Media Inc. provide a full range of products and services including forms, labels, airline products and short and long run commercial printing. Document management services encompass warehousing and distributions as well as customized inventory and cost reporting. Datamark Systems Group Inc.'s plants and distributions centers are in Quebec, Ontario, Manitoba and Alberta. Datamark Systems Group Inc.'s shares are listed on the Toronto Stock Exchange under the symbol DMK.

Cautionary note about forward-looking statements

Some of the statements made in this release may constitute forward-looking information or statements within the meaning of securities laws. These statements are based on certain factors and assumptions, which Datamark and Komunik believe are reasonable as of the current date. While Datamark and Komunik consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Datamark and Komunik caution that actual future performance could be affected by a number of factors, including technological change, regulatory change and competitive factors, many of which are beyond Datamark's and the Komunik's control. Therefore, future events and results may vary substantially from what Datamark and Komunik currently foresee. While Datamark and Komunik may elect to, they are under no obligation (and expressly disclaim any such obligation) and do not undertake to update or alter this information.

Contact Information

  • Datamark Systems Group
    Jeffrey Zunenshine
    450-663-7878, ext. 410
    Komunik Corporation
    Alain Paquin
    President and CEO
    Massy-Forget Public Relations
    Emily Bradshaw/Safia Genereux-Khali
    514-842-2455 extension 26 or 31 /