rapidly reinventing place-based media in the image of the Internet and we are honoured to have Hartco as an investor and partner that is ready to help strengthen our position as technology leaders in this new and expanding market.
Montreal, Quebec - Charlottetown, PE (PRWEB) July 14, 2011
Hartco Inc. announced a $6 million investment in ScreenScape Networks Inc. (“ScreenScape”), an online service for engaging audiences in public places through the use of Internet-enabled digital displays.
Hartco Inc. (“Hartco”) will be represented on ScreenScape’s Board of Directors and will receive 6 million common shares of ScreenScape as well as warrants to purchase an additional 3 million common shares in exchange for its investment.
“ScreenScape has the potential to revolutionize digital place-based media with its innovative network-centric platform,” said Pat Waid, Hartco’s president and chief operating officer. “Hartco is very enthusiastic about ScreenScape’s future prospects, particularly given the company’s world-class talent and industry leading technology.”
“Hartco’s investment will enhance our ability to support a growing roster of blue-chip customers,” said Mark Hemphill, ScreenScape chairman and founder. “ScreenScape is rapidly reinventing place-based media in the image of the Internet and we are honoured to have Hartco as an investor and partner that is ready to help strengthen our position as technology leaders in this new and expanding market.”
About Hartco Inc.
Hartco Inc. 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 http://www.hartco.com.
About ScreenScape Networks
ScreenScape is an Internet Service and Community that offers a smarter, simpler and more costeffective way to use screen displays in your venue. Members of ScreenScape form a community of venues interconnecting to establish a shared resource and a marketplace for exchanging content.
For more information, please visit the website http://screenscape.net.
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 results to differ materially from expectations are discussed in Hartco’s Annual Management Discussion & Analysis.
ScreenScape Networks Inc.
(902) 368-1975 | screenscape(at)screenscape(dot)net | http://screenscape.net
P.O. Box 291, 137 Queen Street, Suite 204 Charlottetown, PE C1A 7K4 Canada