BUSINESS
WIRE -- Apr 4 -- CGI Holding, which plans to change its name to Think
Partnership, announced a deal to buy Vintacom and Real Estate School
Online. The Company expects to pay an aggregate of $4.95 million in
cash and $4.95 million in stock to acquire the two companies. The
acquisitions should add $3.2 million to its pre-tax income.
Located in Edmonton, Alberta and founded in 1999, Vintacom operates
DreamMates.com, SingleMe.com, and PassionatePersonals.com and the Relationship Exchangeaffiliate network of dating sites. "We see great potential for
immediate synergy between ourselves, Cherish, WebSourced, PrimaryAds
and KowaBunga," said Brad Hogg, CEO, who will continue to lead the business. CGI has seven subsidiaries: 1.WebSourced, (SEO & PPC management Keyword Ranking); 2.MarketSmart Advertising, 3.Rightstuff/Bright Idea Studios, and 4.Checkup Marketing, providing off-line advertising, PR, marketing, branding and shopping evaluation services; 5.Cherish (online dating); 6.Ozona Online Network (web design, web apps, hosting, e-commerce; and 7.KowaBunga! Marketing (affiliate marketing). CGI plans to also acquire Proceed Interactive (marketing agency) and PrimaryAds (affiliate network). RELEASE @ YAHOO
Mark Brooks:
Think Partnership is building itself a powerful marketing team and
online personals hub. They will shortly have a combined workforce
of 400 people. Scott Mitchell has been leading the acquisitions
team and commented to me, "Vintacom will be a very important ingredient
in our long term growth strategy within the online dating
vertical. Vintacom's expertise in online dating technology,
affiliate marketing, and community management will benefit all our
dating properties." Brad added, "access to these (marketing)
competencies will enable Vintacom to accelerate its already aggressive
growth strategy." Watch this space!
Mr Wong
Vote for CGI to Acquire Vintacom/Relationship Exchange:
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