stock watcher
what is your opinion on MPL COMMUNICATIONS MPZ.AL, they recently
announced that they were buying CARLSON ONLINE
News Release Disclaimer
PUBLISHER AGREES TO BUY CARLSON
ONLINE
Wednesday, July 21, 1999, 1:52 PM EDT
Toronto, Ontario
Stephen D. Pepper, Chairman,
MPL Communication Inc.
133 Richmond St. West,
Toronto, Canada
Tel: (416) 869-1177
Fax: (416) 869-0456
MPL COMMUNICATIONS Inc.(ASE-MPZ) publisher of ID Online,
Investor's Digest of Canada, The Investment Reporter and other
financial advisory services, announced today it has agreed to
purchase Carlson Online Services Inc., Canada's premier provider
of institutional quality online 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 "online" electronic delivery services that includes
IDOnline.ca, the umbrella name for all of MPL's electronic
delivery services and Canada's major provider of online
independent, high-quality actionable investment advice.
In making the acquisition announcement, Mr. Stephen Pepper,
chairman of MPL, said the acquisition is an important step in the
company's aggressive, online 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 online financial advice and
actionable company financial information to many thousands of
Canadian investors."
Carlson online was founded in January, 1996, by Mr. 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 bi-lingual 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.
ABOUT MPL COMMUNICATIONS INC.:
Through its publications and online services, including
ID Online.ca, MPL is Canada's largest provider of independent
investment advice. Its publications include The Investment
Reporter, founded in 1941 and one of the oldest continuously
published investment advisories in North America, and Investor's
Digest of Canada, Canada's preeminent newspaper for investors.
MPL also is the Canadian publisher of Louis Rukeyser's Wall
Street, the U.S.'s most widely-circulated investment newsletter.
Other publications in the MPL stable include its All Star Funds
mutual fund 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.
MPL Communications Inc. trades on the Alberta Stock Exchange
under the symbol MPZ and has approximately 14 million shares
outstanding.
- 30 -
MPL COMMUNICATIONS
INC.
(Publishing)
idonline.ca
ASE: MPZ
1.450
-0.100
Add this organization to my
portfolio
© 1999 BCE Emergis
|
