Québec, July 5, 2007 – Fortsum Business Solutions Inc. (« Fortsum Business Solutions ») (TSX Venture Exchange: FRT) announces that it has acquired Centre informatique Micro-Accès inc. (« Micro-Accès ») for the amount of $1,969,000. Founded in 1988, Micro-Accès is a Québec company providing integrated management software and electronic business solutions adapted for childcare and daycare centres throughout Canada. Revenues generated by Micro-Accès totalled $2.8M for fiscal year 2006, excluding activities associated with its site PetitMonde.com that are not included in the transactions as announced on June 11, 2007.
”Present in Ontario and a leader in its sector within Québec, Micro-Accès benefits from a business model which is in line with Fortsum Business Solutions’ growth strategy of developing new vertical markets, expanding our business operations outside Québec and ensuring a significant base of recurrent revenues and new subscriber customers,” explained François Taschereau, Chief Executive Officer of Fortsum Business Solutions. ”This acquisition is one more step in the implementation of our development plan. We are looking forward to serve Micro-Accès’s clients and we are glad to count on current employment to that effect. Fortsum Business Solutions is thus richer both in human and business terms,” added François Taschereau.
Conditions
In accordance with the June 11, 2007 announcement, the acquisition price for Micro-Accès totals $1,969,000, representing 9% of Fortsum Business Solutions’ total assets as of March 31, 2007. The Corporation, which already holds 6.8% of Micro-Accès’s shares, plans to pay the entire cost of the acquisition in cash upon closing. As mentioned above, the agreement excludes Micro-Accès’s PetitMonde.com division, including its revenues, expenses, assets and employees.
About Micro-Accès
With 19 years of experience and leadership in the market, Micro-Accès sets itself apart from the competition with a completely integrated solution, which is more powerful and more comprehensive than the competition’s, allowing it to optimize operations in childcare and daycare centres. Located in Montréal with some thirty employees, Micro-Accès holds nearly 90% of the childcare centre market and about 50% of the private daycare market within Québec. For more information: www.micro-acces.com
About Fortsum Business Solutions
Fortsum Business Solutions Inc. is mainly involved in the development, integration, marketing and support of accounting, commercial and banking data management software. For more information: www.fortsum.com
Forward-looking information
This press release may contain forward-looking information. Statements based on current management expectations involve inherent risks and uncertainties, both known and unknown. Actual results may vary from forecasts. The reader should not place undue faith in forward-looking information.
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For Information:
FORTSUM BUSINESS SOLUTIONS INC.
François Taschereau
Chief Executive Officer
ftaschereau@fortsum.com
Dany Beaudet
Shareholder Communications Coordinator
Tel.: (418) 877-0088 Ext. 2272
Toll-free: 1 888 268-0088
Fax: (418) 877-9994
dbeaudet@fortsum.com
Frédéric Tremblay
HKDP Communications et affaires publiques
Tel.: (514) 395-0375, ext. 234
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