Nuvo Network Management Inc.
TSX VENTURE : NVO

Nuvo Network Management Inc.

June 29, 2005 16:35 ET

NUVO Issues Performance Achievement Shares to Former Shareholders of Network Guidance

OTTAWA, ONTARIO--(CCNMatthews - June 29, 2005) - NUVO Network Management Inc. (TSX VENTURE:NVO), a leading managed services provider for solutions that Maximize IT® availability and performance, today announced that the company will issue an additional 618,545 common shares to former shareholders of Network Guidance Company, a privately held USA-based management services provider acquired by NUVO in May of 2004. These shares are being issued as part of the acquisition agreement and are based on the achievement of certain performance milestones and conditions in connection with the acquisition.

About NUVO

NUVO (TSX Venture Exchange: NVO) provides remote management and protection of IT infrastructures for businesses worldwide to maximize the availability of their computing infrastructure. NUVO enables our customers to excel by delivering fully integrated, proactive management services and business data. This provides the critical information needed for effective analysis and decision-making to maximize performance and control costs. NUVO achieves this through certified experts, best-of-class technology, deep integration, highly automated processes, and best practices in a 24x7, resilient infrastructure. www.nuvo.com.

Forward Looking Statements

Certain statements included in this press release are forward-looking and are subject to certain risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that may cause results or events to differ from current expectations include, but are not limited to, those set out on NUVO's website at http://www.nuvo.com/news/fls.html.

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

Contact Information

  • NUVO Network Management Inc.
    Carl Smith
    Chief Financial Officer
    (613) 721-6886
    marketing@nuvo.com