Tucows To Commence its Previously Announced Dutch Auction Tender on November 29, 2012
(M2 PressWIRE Via Acquire Media NewsEdge) TORONTO -- Tucows Inc. (NYSE AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, today announced that, further to its news release of November 13, 2012, the commencement of its "modified Dutch Auction" tender offer (the "Tender Offer") has been postponed to November 29, 2012 due to challenges coordinating the Tender Offer around the Thanksgiving holidays. The Tender Offer had previously been expected to commence the week of November 19, 2012.
Tender Offer Statement
The Tender Offer described in this release has not yet commenced. This release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Company's common stock. The solicitation and offer to buy the Company's common stock will only be made pursuant to the offer to purchase and related materials that the Company will send to its shareholders. Shareholders should read those materials carefully because they will contain important information, including the various terms and conditions of the Tender Offer.
Tucows is a global Internet services company. OpenSRS ( http://opensrs.com ) manages over fourteen million domain names and millions of value-added services through a reseller network of over 13,000 web hosts and ISPs. Hover ( http://hover.com ) is the easiest way for individuals and small businesses to manage their domain names and email addresses. Ting.com ( https://ting.com ) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. YummyNames ( http://yummynames.com ) owns and operates premium domain names that generate revenue through advertising or resale. More information can be found on Tucows' corporate website ( http://tucows.com ).
This news release contains, in addition to historical information, forward-looking statements related to the proposed tender offer, including the timing, total number of shares to be purchased under the proposed tender offer and the process for the proposed tender offer. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows' business, results of operations and financial condition is included in the Risk Factors sections of Tucows' filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.
TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.
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