NEOMEDIA wird durch die decke gehen
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Source: NeoMedia Technologies, Inc.
Newly-Formed NeoMedia Telecom Services Business Unit Grows with Acquisition of Triton Global Business Services
Tuesday December 21, 12:30 pm ET
NeoMedia, Triton and its BSD Software Parent Provide Services to Telecom, Internet and E-Business Companies
FT. MYERS, Fla.--(BUSINESS WIRE)--Dec. 21, 2004-- NeoMedia Technologies, Inc. (OTC BB:NEOM - News), today moved to add industry specific experience and expertise to its newly-formed NeoMedia Telecom Services business unit by signing a definitive merger agreement to acquire BSD Software Inc. (OTC BB:BSDS - News) and its operating entity, Triton Global Business Services.
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Via the Internet, Triton provides live and automated operator calling services and e-business support, including billing, clearinghouse and information management services, to companies in the telecommunications industry, helping clients improve services and profitability by enabling them to streamline operations and make quicker, more informed business decisions.
Triton is 90% owned by BSD, which acquired it in 2002. For its fiscal year ending July 31, 2004, BSD reported revenue of $6.1 million.
Charles T. Jensen, NeoMedia's president, CEO and COO, said that BSD shareholders will receive, for each share of BSD stock owned, NeoMedia stock equivalent to .07 divided by the volume weighted average price of NeoMedia stock for the five days prior to closing of the merger.
Mr. Jensen also said that NeoMedia and BSD/Triton will file a joint registration/information statement with the SEC for review. Closing of the acquisition and merger will occur when the review is complete and the registration is approved, he said.
Strong Synergies, Strong Relationships
Mr. Jensen reemphasized that the keys to the transaction were the strong synergies between NeoMedia and BSD/Triton.
"BSD and its Triton operating entity do business and have relationships with companies and in market sectors where NeoMedia has, or seeks to build, business and alliances," he said. "Those in-roads were integral to initiating and completing this agreement, particularly in the telecom industry, where NeoMedia intends to move forward quickly to build on those relationships, in Canada, in the U.S., and overseas."
Guy Fietz, CEO of BSD Software and president of Triton, said he was "excited about adding value to an innovative, public company with a portfolio of patented technology in emerging markets. BSD/Triton's proven sales and marketing approaches will compliment NeoMedia's group of companies and products, leveraging strengths from both sides to penetrate new and existing multinational opportunities," he said.
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