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Technology Stocks : Q/Media Software Corp (QMS.T) -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (564)	12/15/2000 9:32:41 AM
From: Lalit Jain	Read Replies (1) \| Respond to of 568

Q-Media receives receipt for final prospectus: Prospectus qualifies voting shares issued in acquisition of Quebecor World's North American CD replicating and fulfillment facilities VANCOUVER, Dec. 15 /CNW/ - Q-Media Services Corporation today announced that it has received the receipt for its final prospectus in British Columbia and Ontario to qualify the voting common shares of Q-Media to be issued upon the exercise of special warrants held by a subsidiary of Quebecor World Inc. The special warrants with an aggregate value of US $5 million were originally issued to a subsidiary of Quebecor World Inc. on August 2, 2000 as partial consideration for the purchase of Quebecor World's North American CD replicating and fulfillment facilities. The special warrants will be automatically exercised on December 19, 2000 into 2,078,292 voting common shares with a deemed value of $2.60 per share or approximately Cdn. $5.4 million. The balance of the warrants, representing a value of approximately Cdn$2.0 million, will be satisfied through the issuance of convertible redeemable preferred shares, series A, having a par value of Cdn. $1.00 each. About Q-Media Services Corporation Q-Media Services Corporation operates seven supply chain management facilities located in Vancouver, Canada; Redmond, Washington; Fife, Washington; Irvine, California; Austin, Texas; Nashville, Tennessee; and Westborough, Massachusetts. These facilities provide complete outsourced supply chain management services to technology customers, such as hardware manufacturers in the personal computer industry, content publishers, and software publishers. The company's services include planning and procurement of materials, production and assembly services, and fulfillment and inventory management. Shares of Q-Media Services Corporation are traded on the Toronto Stock Exchange under the symbol (QMS) U.S. S.E.C. exemption: 12g3-2(b) 82- 3761. Further information can be found at the web site: www.qmedia.ca. -30- For further information: John Longley, Chief Financial Officer, (604) 232-5751, shareholder@qmedia.com; Shafiq Jamal, Barr and Wilcox Group, sjamal@barr-wilcoxgroup.com, (604) 488-1100