Here comes the start of the Canaccord pump..... this was released by Canaccord today and explains the recent share purchases.
JORDEX RESOURCES ("JDX-T;JRRSF-L") - adding to its portfolio of B2B
e-commerce and telecommunications companies, has made an equity
investment of US$500,000 in Bizfon Inc., a leader in small business
phone systems. Advent International and MF Private Capital Inc. are
the primary investors in this US$13,000,000 financing. Bizfon Inc. is
a developer of integrated communications hardware and software. The
Company's primary product is a communications switch that incorporates
call management, voice mail, and automated attendant in a single, low
cost package. The Company's products provide an easy to use
communications solution for a potential market of more than 10 million
small businesses (less than 20 employees) in the United States and
Canada by providing them with a full featured phone system at a price
point (under $2,000 for complete system) that is more affordable than
the $5,000 to $20,000 cost of a typical full featured phone system.
According to International Data Corporation, more than 85% of the 10
million small businesses (less than 20 employees) have historically
been forced to run their business using archaic one or two line phones
and answering machines. Bizfon has entered into a distributing
agreement with Bell Canada to distribute their products on a co-brand
basis. Jordex announced last year its investment in Medsite.com, a
B2B medical Internet community for physicians. Through an additional
investment, the Company recently increased its number of preferred
class B shares in Medsite to maintain its proportionate ownership in
the latest round. Recently Jordex invested in HorizonLive.com, a
leading provider of online presentations. Additionally, the Company
has signed a letter of intent to acquire 100% of Enviromation, Inc.
which is in the business of designing, manufacturing, installing and
servicing control systems for water treatment facilities. Jordex
intends to expand Enviromation's markets by expanding its distribution
channels, including utilizing the power of marketing over the Internet.
Best Regards
KEITH |
