******NEWS*******
Tuesday March 14, 11:06 am Eastern Time
Company Press Release
SOURCE: ArtQuest International Alliances Inc.; Cenosis Inc.
Artquest and Cenosis Reach E-commerce Solutions Agreement
MONTREAL, March 14 /CNW-PRN/ - ArtQuest International Alliances Inc. (ME: AQ.B - news) and Cenosis Inc. (ME: CE - news) are pleased to announce their agreement for the marketing of e-commerce solutions involving management and data transfer of numeric content for the graphic arts industry. The agreement provides that KangaCom Inc., a new division of Cenosis, will distribute ArtQuest products in consideration of royalty payments. ArtQuest's technological platform allows for the transition from analogue to numeric mode, which vastly reduces production costs and printing time by eliminating the need to produce film, as was traditionally required. Due to their open architecture, ArtQuest softwares are compatible with equipment currently being used in the printing and graphic arts industries.
With the annual, worldwide transfer of millions of megabytes of numeric content for printing, solutions distributed by KangaCom in partnership with Bell Nexxia will meet the need for efficiency. A publication produced in Paris, for example, can now be distributed via a wide-band IP network and printed simultaneously and reliably in Montreal and in many other locations, thus allowing for reduced costs and production times while ensuring high-quality printing that is consistent with current industry standards.
Cenosis and KangaCom recently announced their partnership with Bell Nexxia for the joint distribution of extranet solutions delivered on Nexxia's wide-band IP network and announced funding of $2.5 million which is earmarked for marketing their extranet solutions. For its part, ArtQuest recently announced a Europe distribution agreement with Agfa Europe, S.A. and secured an institutional financing of $4.5 million, part of which will be used to develop these new applications.
Mr. Guy Le Henaff, President of ArtQuest said: ``ArtQuest and Cenosis target the same market for their respective solutions. The recent alliance between Bell Nexxia, Cenosis and KangaCom opens the door to a growing business that ArtQuest solutions can optimize. Our solutions are complementary and will allow for maximum use of KangaCom services.'
According to Mr. Robert Parenteau, Vice-President, Production at Cenosis: ``ArtQuest's products represent an important component for the development of Cenosis' business to business e-commerce solutions. The products stemming from the ArtQuest platform provide integral quality content, while maximizing the use of new printing technologies. ArtQuest products and solutions have already proven themselves on the market and are currently being used by major players in the industry.'
ArtQuest is a high-technology company that designs, develops and markets innovative computerized solutions for the printing and graphic arts industries. ArtQuest has offices in Canada, the United States and France. Its products are marketed in Europe and in North America through OEM partners such as MCI Imaging (Mitsubishi), Kodak and AGFA, as well as through other distributors. Its products are currently marketed in over 22 countries worldwide. ArtQuest solutions improve printing quality while ensuring predictable content and production time frames. Its Internet site is www.artquest.net.
Cenosis is a high-technology company active in the design and development of workflow software for the print media and publishers, in applications development for digital data transfer in the graphic arts industry, marketed through its wholly-owned subsidiary KangaCom Inc., and also in systems integration. The company offers complete information technology solutions and turnkey services resulting in substantial productivity gains for customers. Cenosis has an Internet site at the following address: www.cenosis.com.
KangaCom, a division of Cenosis Inc., is an e-commerce business dedicated to the management and transfer of digital data for the printing and the graphic arts industries. The result of a recent partnership between Bell Nexxia and Cenosis, KangaCom will market extranet solutions using Bell Nexxia's wide-band IP network, which has a capacity of 160 gigabytes per second. These solutions will make it possible to transfer large amounts of graphic information from one country to another in a matter of seconds, resulting in a dramatic reduction in production delivery times for the client.
The agreement between Cenosis and ArtQuest is subject to approval by the applicable regulatory authorities and both boards of directors.
SOURCE: ArtQuest International Alliances Inc.; Cenosis Inc. |
