Sitebrand Inc.

Sitebrand Inc.

February 07, 2011 09:10 ET

Sitebrand Inc. Announces Bankruptcy of Its Subsidiary

GATINEAU, QUEBEC--(Marketwire - Feb. 7, 2011) - Sitebrand Inc. (TSX VENTURE:SIB), a player in online marketing solutions today announces that its wholly owned subsidiary, Inc., has made an assignment in bankruptcy under the provisions of the Bankruptcy and Insolvency Act. 

The assignment in bankruptcy follows the previous announcement that Inc. filed a Notice of Intention to make a proposal to its creditors. Inc.'s efforts to restructure its business and to make a proposal that would be acceptable to creditors were not successful. Doyle Salewski Inc., a licensed trustee, is the trustee in bankruptcy for Inc. 

The Board of Directors of SiteBrand Inc. intends to seek new opportunities for the Company and is evaluating its strategic alternatives.

About Sitebrand

Sitebrand personalizes the customer experience for leading online websites across North America with relevant messaging to boost conversion rates, build visitor loyalty, brand, and grow revenues.

Disclaimer: Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The company assumes no obligation to update any forward-looking statements contained in this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sitebrand
    John Eckert
    Chairman of the Board