Having just completed a private placement for more than $3.0 million, a strong established business and new versions of our products being launched this fall, we expect to see significant growth over the next year
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Ottawa, Canada (PRWEB) September 26, 2006
Impatica Inc., an Ottawa-based industry leader in the delivery and viewing of PowerPoint presentations over the Internet and wireless networks, today announced that a market for trading of the Class A Common shares of Impatica has been established on the Canadian Unlisted Board (CUB) under the symbol IPAT. The market maker is W.D. Latimer & Co Ltd, an IDA member firm that specializes in market making in Canadian securities.
"This does not mean that there is any change in the status of our shares," explained Michael G. Doyle, Chairman and CEO of Impatica. "Impatica has been a reporting issuer (a 'public company') since 2001. Our stock is still unlisted and we continue to maintain Canadian Controlled Private Corporation (CCPC) status from a tax point of view," Doyle added.
Anyone wishing to buy or sell common shares should have their broker contact the Toronto office of W.D. Latimer.
In a letter to shareholders dated September 26, the Company also disclosed the following additional information:
- Impatica ShowMate commenced shipping in late March with a strong reaction from the marketplace.
- Research In Motion (Nasdaq: RIMM; TSX: RIM) is now selling the Impatica ShowMate at their online store http://www.shopblackberry.com.
- RIM will also sell the Impatica ShowMate through all of their major distributors worldwide. This means that over 200 carriers and hundreds of independent resellers will be able to purchase inventory from local suppliers with whom they already have supply agreements.
- Sprint Nextel are now selling the ShowMate throughout the US. A number of other resellers, such as Simply Wireless with 80 stores, are also selling the ShowMate.
Impatica ShowMate is the first and only device that allows BlackBerry users to project PowerPoint presentations directly from their handhelds, without the need for a laptop computer. A pocket-sized device that weighs less than three ounces, the extremely popular Impatica ShowMate supports full-featured PowerPoint presentations including rich text, images, charts, graphs, animations and slide transition effects. Impatica's ShowMate is available from distributors and strategic partners around the world and from Impatica directly at http://www.impatica.com.
"Having just completed a private placement for more than $3.0 million, a strong established business and new versions of our products being launched this fall, we expect to see significant growth over the next year," concluded Doyle.
About Impatica Inc.
Impatica products enable users of Microsoft PowerPoint and Macromedia Director™ to deliver their content plug-in free, to Java-enabled computers, BlackBerrys and other handheld wireless devices, even at cellular and dial-up speeds. Using Impatica ShowMate, PowerPoint presentations can be projected from a wireless handheld, without need for a cumbersome laptop computer.
Approximately 3,000 organizations including some 2,500 colleges and universities and hundreds of corporations use Impatica products to communicate more effectively with hundreds of thousands of people every day.
For more information:
(613) 736-9982 ext. 279
mdoyle @ impatica.com
Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Impatica's growth, the state of the financial markets, regulatory risks and other factors. Unless otherwise required by applicable securities laws, Impatica disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect Impatica's financial and business results is included in public Impatica files from time to time with Canadian securities regulatory authorities.