Home Page News Briefs People Media Telecom Archives About Us GET FREE NEWS UPDATES
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers

ZAQ announces relaunch of activities and trading

News | 12/19/2003 5:00 am EST

ZAQ Inc. will resume operations under the terms of a business plan approved by the board of directors this fall. Class A shares of the company resumed trading December 15. Under the terms of the plan, the company will continue providing interactive marketing solutions to its clients and will continue to develop, acquire and market software-based products for interactive marketing. It will also provide software development, enhancement and maintenance services to Information Solutions Analytics Compliance Technologies Inc. (ISAC), which owns approximately 37.7% of ZAQ’s voting shares. In the same media release in which it announced the resumption of trading and business activities, the company also noted that it has recently acquired Nobelia Inc., a Victoriaville QC-based software and services company for $31,000 cash and 152,857 shares of ISAC worth $566,000 held by ZAQ. Some assets held by Nobelia not core to ZAQ’s business will be divested. ISAC has also lent ZAQ $500,000 in working capital to be repaid with market interest rates.

This content is available to wirereport.ca subscribers

Already a subscriber? Sign in here

Unlock all the Canadian telecom, broadcasting and digital media news you need.

Take a free trial or subscribe to The Wire Report now.

FREE TRIAL

Two weeks free access to thewirereport.ca and our exlusive newsletters.

Register for free

* Required

SUBSCRIBE

Unlimited access to thewirereport.ca and our exlusive newsletters.

Continue

* Required

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com