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LINMOR Announces Completion of Acquisition by NUVO Network Management Inc.



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.