Datamark Inc. is Pleased to Announce the Transaction to Acquire Systems Business Forms Limited.6 MONTREAL--(BUSINESS WIRE)--July 2, 1998--(ME:DMK DMK Denmark DMK Dravida Munnetra Kazhagam (political party in the state of Tamil Nadu, India) DMK Dystrophia Myotonica Kinase DMK Deluxe Mounting Kit (CB radio) DMK Dynamic Management Kit .) Mr. Jeffrey Zunenshine, President of Datamark Inc. ("Datamark") is pleased to announce the closing of the previously announced transaction to acquire Sytems Business Forms Limited ("Systems"). The purchase price for the shares of Systems was comprised of $2,438,880.54 cash and the issuance of 2,187,756 common shares of Datamark, which were valued at $3.08 per share, for a total of $9,177,228. Systems has approximately $3,700,000 of existing debt. 6 The acquisition of Systems, whose sales and earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. gross revenues to over $90,000,000 and will strengthen Datamark's position as one of the largest document management and business forms companies in Canada. 6 Systems, whose head office is in Winnipeg, is primarily concentrated in Western Canada
Western Canada, commonly referred to as the West . The transaction will allow Datamark to be a truly national company. 6 Systems is a major supplier to the airline industry, which will enhance Datamark's ability to market its existing baggage tag technology. 6 Systems and Datamark have few overlapping accounts and the company expects that System's manufacturing facilities will further complement the sales efforts of the total sales force. 6 Datamark is listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol DMK.
CONTACT: Datamark Inc.
Jeffrey Zunenshine, 514/367-4468
or
Systems Business Forms Limited
Don Howe, 204/284-3890
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