Kowabunga! Announces Sale of The Catamount Group
10 July 2008 - 10:44PM
Business Wire
Kowabunga!� (AMEX:THK), the leading provider of interactive
performance-based advertising networks and technology platforms,
today announced that the sale of The Catamount Group, LLC, a direct
marketing agency which operated under its Direct division, has been
finalized. �As announced previously, we intend to divest certain
non-core assets and focus our resources on our growing Network
division,� said Stan Antonuk, CEO of Kowabunga!. �The sale of The
Catamount Group, the smallest of the business units held for sale,
represents the first step in the execution of our divestiture plan.
With McFarland Dewey & Co., LLC as our financial advisor, we
are moving forward with plans to sell the other non-core
businesses.� The terms of the Catamount sale were not disclosed.
About Kowabunga! Inc. Think Partnership Inc. is now doing business
under the name "Kowabunga! Inc." and will seek formal shareholder
approval to change its legal name to Kowabunga! Inc. later in 2008.
Kowabunga Marketing Inc. will continue as a subsidiary, operating
its affiliate network and related products. Kowabunga! Inc. is the
leading provider of interactive performance-based advertising
networks and technology platforms. Kowabunga! provides a
comprehensive and integrated set of scalable and cost-effective
marketing solutions for both advertisers and publishers. These
solutions increase customer retention and revenues through a
diverse set of related marketing channels, including affiliate
marketing, click-fraud-protected pay-per-click advertising, lead
generation, interactive direct marketing, integrated offline
advertising, campaign management, public relations, and branding.
Kowabunga! also operates several direct-to-consumer services
including online dating, online education, and home business
opportunities. High-profile brands include ValidClick AdExchange�,
MyAP�, PrimaryAds�, BabyToBee�, Second Bite� and MSA. For more
information, visit www.kowabunga.com. Forward Looking Statements
Statements made in this press release that express the company�s or
management�s intentions, plans, beliefs, expectations or
predictions of future events, are forward-looking statements. Those
statements are based on many assumptions and are subject to many
known and unknown risks, uncertainties and other factors that could
cause the company�s actual activities, results or performance to
differ materially from those anticipated or projected in such
forward-looking statements. For a discussion of these risks, see
the company�s report, as filed with the Securities and Exchange
Commission on Form 10-K, filed March 31, 2008, under the section
headed �Risk Factors.� The company cannot guarantee future
financial results, levels of activity, performance or achievements,
and investors should not place undue reliance on the company�s
forward-looking statements.
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