OTTAWA, Ont. –
May 21, 2004 - LINMOR Inc. “LINMOR” [TSX: LIR], an enterprise monitoring and
service management solution provider, today announced the completion of the
transaction whereby NUVO Network Management Inc., “NUVO” [TSX-V: NNM] acquired
all of the issued and outstanding shares of LINMOR by way of a plan of
arrangement under Ontario law. The
transaction, previously announced on April 2, 2004, was completed following
receipt of the necessary LINMOR shareholder approval and other regulatory
approvals and obtaining the Final Order of the Court.
About
LINMOR
LINMOR Inc.'s NEBULA® suite is a premier network monitoring
and service management solution that solves the IT infrastructure management
problem by empowering enterprises and service providers to optimize their
network performance, prevent outages, and catalogue their entire network
inventory. NEBULA delivers hard dollar results that include decreased
operational costs and deferred capital expenditures. LINMOR can show customers a
complete payback in as little as six months. LINMOR customers include AT&T,
MCI, and Burlington Northern Santa Fe Railway. Founded in 1994, LINMOR trades on
the Toronto Stock Exchange (TSX) under the symbol LIR. For more information,
visit www.LINMOR.com.
About
NUVO
A
leader in the remote management and protection of IT infrastructures, NUVO
delivers managed security and IT infrastructure services for large and midsize
organizations around the world.
NUVO provides a single point of management and accountability for the
protection and performance of security infrastructures, corporate networks and
business systems. NUVO customers
benefit from high-availability of business applications, secure IT
infrastructures and reduced costs of IT operations. NUVO operates under a partner-led sales
model with organizations like Cisco, GE, IBM, Infonet and
Sprint.
Company
Contact:
James
Cragg
Chief
Executive Officer
613 727
2757 x311
James.cragg@LINMOR.com
This
News Release may contain forward-looking statements. Forward-looking statements including
statements concerning expectations, business prospects, anticipated economic
performance, financial condition and other similar matters are subject to risk
and uncertainties which could cause actual results to differ materially from
those discussed in the forward-looking statements. Forward-looking statements speak only as
of the date of the documents in which they are made. The Company disclaims any obligation or
undertaking to provide any update or revision to any forward-looking statement
made by or on behalf of the Company to reflect any change in expectations or
change in events, conditions or circumstances on which the forward-looking
statement was initially based. No
undue reliance should be placed on forward-looking
statements.
NEBULA is
a registered trademark of LINMOR Inc. All other brands, names, or trademarks
mentioned in this document are the property of their respective owners.
OTTAWA, Ont. –
May 21, 2004 - LINMOR Inc. “LINMOR” [TSX: LIR], an enterprise monitoring and
service management solution provider, today announced the completion of the
transaction whereby NUVO Network Management Inc., “NUVO” [TSX-V: NNM] acquired
all of the issued and outstanding shares of LINMOR by way of a plan of
arrangement under Ontario law. The
transaction, previously announced on April 2, 2004, was completed following
receipt of the necessary LINMOR shareholder approval and other regulatory
approvals and obtaining the Final Order of the Court.
About
LINMOR
LINMOR Inc.'s NEBULA® suite is a premier network monitoring
and service management solution that solves the IT infrastructure management
problem by empowering enterprises and service providers to optimize their
network performance, prevent outages, and catalogue their entire network
inventory. NEBULA delivers hard dollar results that include decreased
operational costs and deferred capital expenditures. LINMOR can show customers a
complete payback in as little as six months. LINMOR customers include AT&T,
MCI, and Burlington Northern Santa Fe Railway. Founded in 1994, LINMOR trades on
the Toronto Stock Exchange (TSX) under the symbol LIR. For more information,
visit www.LINMOR.com.
About
NUVO
A
leader in the remote management and protection of IT infrastructures, NUVO
delivers managed security and IT infrastructure services for large and midsize
organizations around the world.
NUVO provides a single point of management and accountability for the
protection and performance of security infrastructures, corporate networks and
business systems. NUVO customers
benefit from high-availability of business applications, secure IT
infrastructures and reduced costs of IT operations. NUVO operates under a partner-led sales
model with organizations like Cisco, GE, IBM, Infonet and
Sprint.
Company
Contact:
James
Cragg
Chief
Executive Officer
613 727
2757 x311
James.cragg@LINMOR.com
This
News Release may contain forward-looking statements. Forward-looking statements including
statements concerning expectations, business prospects, anticipated economic
performance, financial condition and other similar matters are subject to risk
and uncertainties which could cause actual results to differ materially from
those discussed in the forward-looking statements. Forward-looking statements speak only as
of the date of the documents in which they are made. The Company disclaims any obligation or
undertaking to provide any update or revision to any forward-looking statement
made by or on behalf of the Company to reflect any change in expectations or
change in events, conditions or circumstances on which the forward-looking
statement was initially based. No
undue reliance should be placed on forward-looking
statements.
NEBULA is
a registered trademark of LINMOR Inc. All other brands, names, or trademarks
mentioned in this document are the property of their respective owners.