LONGUEUIL, QC, Aug. 28 /PRNewswire-FirstCall/ -- Mediagrif Interactive Technologies Inc. (TSX: MDF), a world-leading developer of e-business networks and provider of complete e-business solutions, announced today that it has entered into an agreement for the acquisition of all of the issued and outstanding shares of U.S.-based epipeline, Inc., a leading online source of research for government contractors. The closing of the transaction is subject to certain standard conditions, including the approval of shareholders of epipeline at a duly called meeting to be held September 7, 2007. Closing of the transaction is expected to take place shortly after the shareholders' meeting.
epipeline (http://www.epipeline.com/) provides a wide range of solutions and research services to identify, qualify and track potential government contract opportunities, and acts as an information conduit between contract companies and the government. Applications and solutions are accessed over the Internet and are available on a paid subscription basis.
About Mediagrif Interactive Technologies Inc.
Mediagrif Interactive Technologies Inc. (TSX: MDF) is a world-leading operator of e-business networks and provider of complete e-business solutions. Mediagrif's e-business networks allow buyers and sellers within specific industries to source, purchase or sell products and to exchange documents more efficiently using the Internet. Mediagrif operates 14 networks, including industry leaders The Broker Forum (http://www.brokerforum.com/) Power Source On-Line (http://www.powersourceonline.com/), Telecom Finders (http://www.telecomfinders.com/), Global Wine & Spirits (http://www.globalwinespirits.com/) and Polygon (http://www.polygon.net/). The company also owns MERX (http://www.merx.com/), the exclusive provider of e-publishing services to the Government of Canada, and is a leading provider of government bid aggregation services and e-procurement services in the U.S. Headquartered in Longueuil, Mediagrif has other offices in Canada, the U.S, China, India and Dubai. For more information, please visit us at http://www.mediagrif.com/ or call 1 877 677-9088.
