Datamark Systems Group Inc. Announces Exploration of Conversion to Income Trust.MONTREAL Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. -- Datamark Systems Group Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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 ) today announced that it is exploring a reorganization of Datamark into an income trust.If pursued, the reorganization would be designed to enhance shareholder value through the distribution of a significant portion of the cash flow generated by the Datamark business, on a tax-effective basis to unitholders of the trust, while maintaining a platform for growth.Datamark has retained legal counsel to advise it on possible structures for a conversion.Any reorganization would be subject to approval by Datamark's shareholders.There can be no assurance that any conversion transaction will occur. Datamark's management and its board of directors believe that an income trust structure could benefit both the company and its shareholders by providing a capital structure that is more efficient and more tax effective than the current corporate structure under which Datamark operates.The Datamark management team has successfully grown the company to its current size by executing its business model with a strong focus on enhancing shareholder value.A conversion to an income trust is expected to provide shareholders with greater liquidity and the opportunity to participate in the trust's cash flow in the form of monthly distributions.The business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets of Datamark would be unaffected by the reorganization and would continue to be managed by the current senior executives and employees of Datamark. Datamark Systems Group Inc. is dedicated to providing efficient and innovative document management solutions.The company's operating divisions and subsidiaries, Datamark Systems, Proforms and Les Impressions Intra-Media Inc. provide a full range of products and services including forms, labels, airline products and short and long run commercial printing.Document management services encompasses warehousing and distribution as well as customized inventory and cost reporting.Datamark Systems Group Inc.'s plants and distribution centers are in Quebec Quebec, city, Canada Quebec, Fr. Québec, city (1991 pop. 167,517), provincial capital, S Que., Canada, at the confluence of the St. Lawrence and St. Charles rivers. , Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. , Manitoba and Alberta.Datamark Systems Group Inc. is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol DMK. Datamark Systems Group Inc. (TSX:DMK) |
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