InfoNow Corporation, HALO Technology Holdings Agree to Terminate Merger Agreement
27 June 2006 - 12:00AM
PR Newswire (US)
DENVER and GREENWICH, Conn., June 26 /PRNewswire-FirstCall/ --
InfoNow Corporation (Pink Sheets: INOW), a leading provider of
channel visibility and channel management solutions, and HALO
Technology Holdings, Inc. (OTC:HALO) (BULLETIN BOARD: HALO) , a
holding company for established enterprise software companies,
today announced that the companies have mutually agreed to
terminate the Merger Agreement entered into on December 23, 2005
and previously announced on December 27, 2005. InfoNow will
continue operating as a standalone public company going forward.
About InfoNow Corporation InfoNow (Pink Sheets: INOW) provides
channel management and channel visibility software and services to
companies that sell through complex channel partner networks. The
Company's Channel Insight service gives companies rich, timely and
actionable data on channel sales, including enhanced market
intelligence on partners and end customers. It also includes tools
to help clients use this data to profitably grow their business,
through detailed customer segmentation and profiling, targeted
opportunity generation, robust partner tracking and analysis,
closed-loop opportunity tracking, sales credit assignment,
inventory tracking and more. The Company also offers channel
management services for partner profiling and referrals, lead
generation and management, and partner relationship management.
Since 1996, InfoNow has helped leading companies such as Apple,
Bank of America, Enterasys Networks, Hewlett-Packard, SMC, Visa and
Wachovia better serve their end customers through complex channel
networks. InfoNow is based in Denver, Colorado. For more
information, please visit the Company's Web site at
http://www.infonow.com/. About HALO Technology Holdings HALO
Technology Holdings, Inc. owns and operates a portfolio of
enterprise software companies. HALO's strategy is to acquire
private and public companies with a focus on profitability, product
quality, customer satisfaction and retention, and stable growth.
HALO generally uses a combination of debt and equity for its
acquisitions, as well as leveraging the balance sheets of target
companies, to minimize dilution to its shareholders. HALO pursues
acquisitions that it believes will contribute to a strong increase
in operating cash flow and earnings per share. Shares of HALO are
quoted on the Over-the-Counter Bulletin Board operated by the
National Association of Securities Dealers, Inc. under the symbol
"HALO". For more information, please visit
http://www.haloholdings.com/. DATASOURCE: InfoNow Corporation
CONTACT: David Banks of InfoNow Corporation, +1-303-293-0212, Web
site: http://www.infonow.com/ http://www.haloholdings.com/
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