SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Source Information Mgmt Co.(SORC) -- Ignore unavailable to you. Want to Upgrade?


To: JanyBlueEyes who wrote (94)12/23/1998 3:11:00 PM
From: P.E. Allen  Respond to of 121
 
Uncle Ernie loves SORC.......

Could be the next double or triple bagger.

Another tip from your Uncle Ernie!!!!!!!!!



To: JanyBlueEyes who wrote (94)12/29/1998 8:36:00 AM
From: JanyBlueEyes  Read Replies (1) | Respond to of 121
 
News - Acquisition

The Source Information Management Company Agrees to Acquire Canadian Rebate Company

ST. LOUIS--(BUSINESS WIRE)--Dec. 29, 1998--The Source Information Management Company (NASD:SORC) today announced that it has entered into a letter of intent to add Promark's business to Source's Canadian business.

Promark, a Toronto-based magazine rebate company, currently services the majority of retail companies in Canada not currently serviced by the Source. The Source has agreed to pay $1.25 million Canadian for all the assets and assume specified liabilities of Promark. Promark currently has approximately $800,000 Canadian in annual revenues. "This acquisition will compliment our operation in Canada which heretofore has been marginally profitable. The combined operations will now have approximately $1.2 million Canadian in revenues and are anticipated to be accretive to earnings.

This acquisition will now give us the critical mass to introduce SourcePro, our front-end management program, and ICN, our internet communication program, to the majority of retailers in Canada," said S. Leslie Flegel, Chairman of the Source. The acquisition is expected to close in early January 1999.

The Source Information Management Company provides front-end rebate collection and information services to approximately 825 retailers in the United States and Canada via nine offices throughout the continent........

SAFE HARBOR STATEMENT:
The information contained in this release includes statements regarding matters which are not historical facts (including statements regarding the plans, beliefs or expectations of The Source Information Management Company) which are forward-looking statements.......

CONTACT: The Source Information Management Company, St. Louis
W. Brian Rodgers
(314) 995-9040