EWEB 4.4
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uly 26, 2005--Euroweb International Corp. (Euroweb) (NasdaqSC: EWEB), today announced that Euroweb with its wholly-owned subsidiary Euroweb Hungary Rt. (EWHU) has entered into a binding Sale and Purchase Agreement to acquire 100% of Navigator Group, a Hungary-based provider of IT outsourcing, applications development, and IT consulting services. Upon closing, EWHU will pay US$8,500,000 in cash for the 85% of the total shares of Navigator and Euroweb shall issue shares of common stock of Euroweb worth US$1,500,000 for the remaining 15% of Navigator. A large portion of the cash used for the purchase will be obtained through a loan to be provided by Commerzbank Hungary. Navigator Group recorded revenue in 2004 of about 1.6 billion HUF (about US$8 million), and serves to position Euroweb as a potential IT market consolidator in Hungary and Eastern Europe.
PLUG 7.0
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TGB 1.1
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Taseko Mines Limited engages in the exploration, development, and operation of mineral property interests. Its principal business activities include the operation of the Gibraltar Copper Mine, as well as the exploration of the Prosperity Gold-Copper Property and Harmony Gold Property. The company’s Gibraltar Mine and the Prosperity Gold Property are located in south central British Columbia, Canada; and The Harmony Gold Property is located in Graham Island, British Columbia |
