ODESIA Completes the Sale of its Interest in Odesia Europe SAS
20 December 2013 - 9:06AM
Marketwired
ODESIA Completes the Sale of its Interest in Odesia Europe SAS
MONTREAL, QUEBEC--(Marketwired - Dec 19, 2013) - ODESIA Group
Inc. ("ODESIA" or the "Corporation") (TSX-VENTURE:ODS), announces
that it has closed the sale of all of its interest in Odésia Europe
SAS, being 70% of the issued and outstanding shares, to Sirius
Services Conseils en Technologie de l'Information Inc. (« Sirius
»).
For a total cash consideration of $1,024,365 payable over two
years, the transaction allows the Corporation to focus its North
American activities. Odésia Europe SAS' total debt of approximately
$1,526,000 and previously consolidated in the Corporation's
financial statements, will now be assumed by Sirius.
Nicolas Bonnafous, President and CEO of ODESIA, said: "We are
proud of this transaction because, in addition of being a winning
deal for both sides, we leave this subsidiary in good financial
condition considering its assets, customer base and revenues."
About ODESIA Group Inc.
Founded in 1998, ODESIA Group Inc. is a Canadian Information
Technology (IT) consulting and solutions company headquartered in
Montreal. ODESIA offers solutions in Business Intelligence,
Business Process Management and Big Data Analytics. ODESIA's
mission is to help its clients improve operations efficiency,
enhance process performance and make better business decisions by
mastering the right information at the right time and the right
place. Website: www.odesia.com
ODESIA is listed on the Toronto Venture exchange under the
symbol "ODS".
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which
reflect ODESIA's current expectations regarding future events and
may involve risks or uncertainties. Actual results could differ
materially from those projected herein.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
ODESIA Group Inc.Mr. Nicolas BonnafousPresident and
CEO514.876.1155nbonnafous@odesia.com
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