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ACS Archon Minerals Limited

0.18
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Archon Minerals Limited TSXV:ACS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.18 0.18 0.235 0 01:00:00

Hartco Announces Sale of ACS Division to Systemex

31/03/2011 5:19pm

Marketwired Canada


Hartco Inc. (TSX:HCI) today announced that it has come to an agreement to sell
the Advanced Connectivity Solutions division ("ACS") of Metafore Technologies
Inc. ("Metafore"), its wholly-owned subsidiary, to Systemex Communications Inc.
("Systemex"). The terms of the transaction were not disclosed. The ACS division
provides cabling, Internet and related services in the Greater Toronto Area
(GTA) to a major Canadian cable services provider.


"The divestiture of the ACS division will allow Metafore to focus on
strengthening its leadership position in its core IT infrastructure business
across Canada," said Pat Waid, Hartco's President and Chief Operating Officer.
"We are pleased to sell ACS to Systemex, who will invest in the ACS business and
ensure its long-term success for the benefit of its customers and associates." 


"We are happy to welcome the ACS associates to our company," said Gaston
Dandurand, President of Systemex. "This transaction, along with the recent
acquisitions of JP Cable and Labreche Telecom are strategic and consistent with
our plan to expand as a significant player in Ontario and ultimately have a
national coverage in servicing the wireless telecommunications industry in
Canada. We are glad to add 150 technicians on the road to our current team of
400 technicians". Synergis Capital Inc., a boutique M&A firm, acted as the
exclusive advisor to Systemex for these transactions. 


About Hartco Inc. 

Hartco Inc. (TSX:HCI) has been a leader in the Canadian information technology
business for more than thirty years. Through its operating divisions, which
together include more than 50 locations across Canada, Hartco Inc. delivers
information technology solutions to private and public sector organizations of
every size. For more information, please visit www.hartco.com. 


About Systemex 

Systemex Communications Inc. is a private company, located in Quebec.  Systemex
offers a complete range of engineering, construction, installation and
infrastructure maintenance to the wires and wireless telecommunications
industry.  The new ACS division operates the same business within the Ontario
market. For more information, please visit www.systemex.ca. 


Forward-Looking Statements 

This news release contains forward-looking information. Except for historical
information contained herein, the statements in this document are
forward-looking. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause actual results in future periods to differ
materially from forecasted results. Those risks include, among others, changes
in customer demand for information technology products or services, changes in
supplier pricing actions or terms, customer orders, pricing actions by
competitors, changes in laws and regulations and general changes in economic
conditions. Risks that could cause our results to differ materially from our
expectations are discussed in our Annual Management's Discussion & Analysis.


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