TORONTO, Dec. 29 /PRNewswire-FirstCall/ -- Envoy Communications Group Inc. announced today that its offer to purchase common shares of the Company for not less than US$2.55 per common share and not more than US$2.70 per common share (the "Offer"), which was previously scheduled to expire at 5:00 p.m. (Toronto time) on Friday, December 29, 2006, has been extended to, and will expire at, 5:00 p.m. (Toronto time) on Tuesday, January 9, 2007, unless the Offer is extended further, otherwise upon the other terms and conditions set forth in the Offer to Purchase, dated November 20, 2006, as amended by the Notice of Variation and Extension, dated December 14, 2006 (the "Offer to Purchase").
The United States Securities and Exchange Commission (the "SEC") has notified the Company that, as a result of the formation of a soliciting dealer group in connection with the Offer, announced by the Company on December 22, 2006, the SEC was requesting that the Offer remain open for acceptance until 5:00 p.m. (Toronto time) on January 9, 2007. The Offer is being extended to comply with this request and to permit the satisfaction of all conditions set forth in the Offer to Purchase. The Company will be mailing a Second Notice of Extension to all holders of common shares in connection with its announcement today. Except for the extension of the expiry date of the Offer, the terms and conditions previously set forth in the Offer to Purchase continue to be applicable in all respects.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Envoy common shares. The solicitation and the offer to buy Envoy common shares is only made pursuant to a separate offer to purchase and issuer bid circular, and related materials. Envoy has filed the offer to purchase, issuer bid circular and related documents with Canadian securities regulatory authorities and the Tender Offer Statement on Schedule TO with the SEC. Envoy will file the second notice of extension referred to in this press release with both the Canadian securities regulatory authorities and the SEC. Shareholders should carefully read the Tender Offer Statement (and all amendments thereto), the offer to purchase and issuer bid circular, the related letter of transmittal, the notice of variation and extension, the second notice of extension and other related materials because they contain important information, including the various terms and conditions of the offer. The second notice of extension will be sent to all holders of Envoy common shares as soon as possible. The amendment to the Tender Offer Statement (including the second notice of extension) will also be available at no charge at the SEC's website at http://www.sec.gov/. and the website of the Canadian securities administrators at http://www.sedar.com/. Shareholders are urged to read these materials carefully prior to making any decision with respect to the tender offer.
About Envoy
Envoy Communications Group businesses include the Watt Group, an international consumer and retail branding group of companies, and Envoy Capital Group, a merchant banking and financial services company. For more information on Envoy Communications Group Inc., visit our website at http://www.envoy.to/
Cautionary Statement
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 21E (i) (1) of the United States Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Envoy's actual results to be materially different from any future results expressed or implied by these statements. Such factors include the following: general economic and business conditions, changes in demand for Envoy's services, changes in competition, the ability of Envoy to integrate acquisitions or complete future acquisitions, interest rate fluctuations, currency exchange rate fluctuations, dependence upon and availability of qualified personnel and changes in government regulation. In light of these and other uncertainties, the forward-looking statements included in this press release should not be regarded as a representation by Envoy that Envoy's plans and objectives will be achieved. These forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update or revise the statements.
