Update on MPZ. I guess this company is starting to make some interesting moves:
Subject 29567
MPL Communications Inc - News Release
MPL Communications agrees to purchase Carlson Online
MPL Communications Inc MPZ
Shares issued 14,000,556 Jul 20 close $1.46
Wed 21 Jul 99 News Release
Mr. Stephen Pepper reports MPL Communications has agreed to purchase Carlson Online Services Inc., Canada's premier provider of institutional quality on-line Canadian public company information.
Terms of the transaction and purchase price were not disclosed. The transaction is subject to regulatory and corporate approvals and satisfactory due diligence.
Carlson Online will become an integral part of MPL's rapidly growing on-line electronic delivery services that includes IDOnline.ca, the umbrella name for all of MPL's electronic delivery services and Canada's major provider of on-line independent, high-quality actionable investment advice. In making the acquisition announcement, Stephen Pepper, chairman of MPL, said the acquisition is an important step in the company's aggressive,
on-line growth strategy. "We at MPL believe," he said, "that the combined forces of our rapidly growing IDOnline.ca investment advisory service and Carlson Online will elevate MPL to a position of dominance in the delivery of both independent on-line financial advice and actionable company financial information to many thousands of Canadian investors."
Carlson Online was founded in January, 1996, by David Carlson as a comprehensive Internet resource for investors in Canadian stocks. It is currently headquartered in Vancouver. At the completion of the acquisition, Mr. Carlson will move to MPL's Toronto headquarters to assume a senior position at MPL. The Carlson site, carlsononline.com, is bilingual and each week up to
70,000 people access the site and benefit from an institutional-quality alternative to expensive data suppliers.
Mr. Carlson, in welcoming the joining of Carlson and MPL forces, said, "Now, combined with MPL's advisory information gathering capabilities our combined services will allow us to deliver, clear and specific actionable investment advice and information to all Canadians. "Currently the Carlson site provides advanced screening, up to 25 years of financial statements and ratios, insider trading reports and compiles the most up-to-date information currently available on more than 4,200 Canadian public companies. Through a U.S. affiliate, Wall Street Research Net,
Carlson also provides coverage on American publicly traded companies as well.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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