DataMark Holding Sells its Direct Mail Business for $7.7 Million.SALT LAKE CITY--(BUSINESS WIRE)--March 10, 1998--DataMark Holding, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DTAM DTAM Digital Tectonic Activity Map DTAM Double Take Application Manager DTAM Document Transfer, Access and Manipulation (CCITT T.433) DTAM Distribution Total Available Market DTAM Descend to and Maintain ) today announced the divestiture of its direct mail business to Focus Direct, Inc. of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The sale price was $7.7 million, with $7.0 million paid at closing and $700,000 due on June 30, 1999. DataMark also announced that it has agreed to repurchase 2,050,000 shares of its commons stock from founder Chad Evans for $2,000,000. "The strategic divestiture of our direct mail business will enable management to focus on our exciting Internet services business," said James Egide, Chairman of DataMark. "It also provides DataMark with the necessary working capital to fully execute our transaction and advertising-based Internet strategy." DataMark provides complex Internet solutions for a variety of companies and industries. In addition to providing Internet access See how to access the Internet. and Web hosting services A web hosting service is a type of Internet hosting service that allows individuals and organizations to provide their own websites accessible via the World Wide Web. Web hosts are companies that provide space on a server they own for use by their clients as well as providing , its WorldNow subsidiary provides a sophisticated Web presence with commerce and advertising revenue opportunities for television stations around the country. WorldNow has to date signed over 20 television stations to become part of the WorldNow Online Network (www.worldnow.com) of interconnected local Web communities. CONTACT: DataMark Holding, Inc. Mitch Edwards, 801/268-2202, Ext. 432 Fax 801/268-2292 mitch@worldnow.com or Focus Direct, Inc. Fred Lederman, 210/805-9185 |
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