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Q9 Shareholders Approve Plan of Arrangement
Toronto, ON - October 10, 2008 - Q9 Networks Inc. ("Q9") (TSX: Q) announced today that its shareholders approved the proposed plan of arrangement pursuant to which an affiliate of ABRY Partners, LLC ("ABRY"), will purchase all of the outstanding common shares (other than those owned by ABRY or its affiliates) of Q9, at a price of C$17.05 per common share in cash...
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Q9 Networks Reports Third Quarter 2008 Results
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Revenue of $16.9 million, a 16% increase over the same quarter 2007 and a 6% increase over the previous quarter |
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Adjusted EBITDA of $3.9 million, a 4% decrease from the same quarter 2007 and a 15% decrease from the previous quarter |
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Loss before taxes of $0.2 million, compared to income before taxes of $1.0 million for the same quarter 2007 and income before taxes of $0.7 million in the previous quarter |
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Revenue under contract entering the fourth quarter 2008 was $15.1 million, an increase of 7% over the previous quarter |
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On August 24, 2008, Q9 announced it has agreed to be acquired by ABRY Partners at $17.05 per share in cash |
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1.888.696.2266
COPYRIGHT © 2000-2008 Q9 Networks Inc. All rights reserved.
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