June 26, 2008 07:20 ET

Prosys Announces the Signature of a Letter of Intent for the Purchase of its Computer Assembly Division

MONTREAL, QUEBEC, CANADA--(Marketwire - June 26, 2008) - Prosys-Tech Corporation ("Prosys") (TSX VENTURE:POZ) - Following its announcement dated May 9, 2008, the Corporation's management declares that they are presently in extended negotiations with an arm's length party after the signature of a letter of intent in order to conclude a binding agreement of sale of its computer assembly division "Prosys-Tec Computers Inc." If a binding agreement of sale intervenes between the parties, it should be concluded within the first quarter of the financial year.

About Prosys

Prosys is a computer manufacturer and distributor of information technology products having offices in Montreal, Quebec, Ottawa, St-John's and Vancouver. Through its subsidiary CDMS, Prosys also offers a wide range of products, including 24/7 multilingual technical service desk, network operations and monitoring, managed services, IT consulting and a host of value add hardware solutions. The vast customer base of Prosys is divided among various market niches. Prosys' main clients are the Governments of Canada and Quebec, crown corporations, universities, school boards and CEGEPs throughout the province of Quebec. The investment in Peak is in the scope of the Corporation's steps to diversify the global offer of services to its current customers and to improve Prosys' positioning for the development of the SMB market.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Prosys Tech Corporation
    Mr. Georges Hebert
    President and Chief Executive Officer
    514-255-3454, extension 270