MPL Communications Inc. Acquires Carlson Online Services
Toronto, Ontario--
MPL Communications Inc. (MPL) today announced it has completed
acquisition of Carlson Online Services Inc. (Carlson Online) of
Vancouver.
MPL publishes a number of well-known financial advisory services
including Investor's Digest of Canada, The Investment Reporter
and IDOnline. Carlson Online is Canada's premier provider of
institutional quality online Canadian public company information.
The purchase price was over $3 million, payable in part by cash
and in part by shares in MPL. David Carlson, the founder of
Carlson Online, has accepted a senior position with MPL in
Toronto.
MPL Communications Inc. trades on the Alberta Stock Exchange
under the symbol MPZ and has approximately 14 million shares
outstanding.
Carlson Online becomes an integral part of MPL's rapidly growing
electronic delivery services www.IDOnline.ca the company's
umbrella electronic delivery service. MPL is recognized as
Canada's major provider of online, independent, actionable
investment services.
Carlson Online was founded in 1996 by David Carlson as a
comprehensive Internet resource for investors in Canadian stocks.
The electronic service's website is www.carlsononline.com. It
provides bilingual information and each week up to 70,000 people
access the site. Carlson OnLine makes available advanced
screening, up to 25 years of company financial statements and
ratios, and insider trading reports.
Altogether the service provides up-to-date information on more
than 4,200 Canadian public companies and on American publicly
traded companies through a U.S. affiliate, Wall Street Research
Net.
In announcing the completion of the acquisition, Stephen Pepper,
Chairman of MPL, said "the bringing together of the two companies
positions MPL as the leader in the delivery of both independent
online financial advice and actionable company financial
information to many thousands of Canadian investors."
MPL is Canada's largest provider of independent investment
advice. The Investment Reporter, founded in 1941, is one of the
oldest continuously published investment advisories in North
America. Investor's Digest of Canada is widely acknowledged as
the country's pre-eminent newspaper for investors.
MPL is also the Canadian publisher of Louis Rukeyser's Wall
Street, the U.S.'s most widely circulated investment newsletter.
Other MPL publications include its All Star Funds mutual funds
rating service, the Canadian Mutual Fund Adviser, the Money
Reporter, Blue Book of Stock Reports, Best U.S. Stocks for
Canadian Investors and the Canadian Resources and Pennymines
Analyst.
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For further information please contact:
Stephen D. Pepper
Chairman MPL Communications Inc.
Tel: (416) 869-1177
www.IDOnline.ca
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