NeoMedia signs letter of intent to purchase Triton Global Business Services and parent company BSD Software

December 11, 2003

1 Min Read

FT. MYERS, Fla. -- NeoMedia Technologies, Inc. (OTCBB:NEOM), said today that it has executed a non-binding Letter of Intent to acquire Triton Global Business Services Inc. and its parent company, BSD Software Inc. (Pink Sheets:BSDS), both of Calgary, Alberta, Canada.

Triton, formed in 1998 and acquired by BSD in 2002, is an Internet Protocol-enabled provider of live and automated operator calling services, e-business support, billing and clearinghouse functions and information management services to telecommunications, Internet and e-business service providers.

Charles T. Jensen, president, COO and acting CEO of NeoMedia, said a Letter of Intent has been signed outlining terms, including an exchange of one share of NeoMedia common stock for each share of BSD Software, not to exceed 40 million shares. The transaction, he said, is dependent on due diligence by both companies, approval by NeoMedia's Board of Directors, BSD Software's Board of Directors, shareholders, required regulatory approvals and other conditions.

Jensen said that the keys to the proposed transaction were the strong synergies between NeoMedia and BSD Software.

"Triton has forged and maintained relationships with companies and in industries where NeoMedia also has and seeks business and alliances," he said. "This is particularly true in telecom, where NeoMedia hopes to build on those relationships, in Canada, the U.S. and overseas."

Guy Fietz, president of BSD Software and Triton, said he was "excited about being part of an innovative, public company with multinational relationships. NeoMedia and Triton/BSD seem a very good fit," he said.

NeoMedia Technologies, Inc.

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