EX-99.1
7
a07-20648_1ex99d1.htm
EX-99.1
Exhibit
99.1
FOR IMMEDIATE RELEASE
Tucows
Acquires ItsYourDomain.com
Adds
Thousands of Wholesale Customers and Over 700,000 Domains Under Management
TORONTO (July 27, 2007) -
Tucows Inc. (AMEX:TCX, TSX:TC) announced today that it has acquired
ItsYourDomain.com (IYD), a privately held, profitable ICANN-accredited
registrar offering domain services through a worldwide wholesale network of
over 2,500 affiliates.
Tucows will pay US$10.35
million in cash for IYD with the opportunity for IYD to realize a further US$1.05
million based on specific targets. The acquisition is expected to add
approximately US$7 million in yearly revenue and between US$1 and $2 million in
adjusted net income in the first 12 months.
"From our perspective IYD
was perhaps the only substantial wholesale domain registration base that might
be available over the next few years, and it's a compatible business that we'll
be able to fold in to our existing operations", said Elliot Noss, President and
CEO, Tucows Inc. "Additionally, this acquisition gives us some very interesting
underlying technology that we were favorably impressed with that will allow us
to more completely service our customer base".
IYD is positive that its
customers will be well served under the Tucows banner.
"Tucows has a solid
reputation within the industry as a customer-focused organization", said James
McKenzie, IYD's CEO. "We're very
confident that as Tucows customers, IYD affiliates will continue to receive the
high level of service and support they have come to expect" added Ted Cucci,
IYD's COO. "It was important to us that
any buyer commit to continuing the services that our customers demand".
A video interview with
Elliot Noss and an FAQ concerning this announcement can be found at
about.tucows.com/media.
About ItsYourDomain
Innerwise, Inc. d/b/a
ItsYourDomain.com (IYD) is a leading U.S.-based registrar with more than
700,000 domain names under management.
IYD has operations for retail, large portfolio, and affiliate customers. The company developed the industry's first
transparent affiliate operation that enables web hosting firms, web design
shops, and virtually any other business to offer its customers domain
registration and related services.
Transparent affiliates control the customer's user experience, eliminating
the risk of reseller conflict, while using IYD's infrastructure to eliminate
the need for investment.
About Tucows
Tucows Inc. is the
largest Internet services provider for hosting companies and ISPs. Through our
network of over 7,000 service providers around the world we provide millions of
email boxes and manage over seven million domains. Tucows is an accredited
registrar with ICANN (the Internet Corporation for Assigned Names and Numbers).
Tucows remains one of the most popular software download sites on the Internet.
For more information please visit about.tucows.com.
For further information:
Leona Hobbs,
Director of Communications
Tucows
(416) 538-5450
lhobbs@tucows.com
This release may contain
forward-looking statements, relating to the Company's operations or to the
environment in which it operates, which are based on Tucows Inc.'s operations,
estimates, forecasts and projections. These statements are not guarantees of
future performance and are subject to important risks, uncertainties and assumptions
concerning future conditions that may ultimately prove to be inaccurate or
differ materially from actual future events or results. A number of important
factors could cause actual outcomes and results to differ materially from those
expressed in these forward-looking statements. Consequently, investors should
not place undue reliance on these forward-looking statements, which are based
on Tucows Inc.'s current expectations, estimates, projections, beliefs and
assumptions. These forward-looking statements speak only as of the date of this
presentation and are based upon the information available to Tucows Inc. at
this time. Tucows Inc. disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.

EX - 99 . 1 7 a07 - 20648 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 FOR IMMEDIATE RELEASE Tucows Acquires ItsYourDomain.com Adds Thousands of Wholesale Customers and Over 700,000 Domains Under Management TORONTO ( July 27 , 2007 ) - Tucows Inc . ( AMEX : TCX , TSX : TC ) announced today that it has acquired ItsYourDomain.com ( IYD ) , a privately held , profitable ICANN - accredited registrar offering domain services through a worldwide wholesale network of over 2,500 affiliates . Tucows will pay US$ 10.35 million in cash for IYD with the opportunity for IYD to realize a further US$ 1.05 million based on specific targets . The acquisition is expected to add approximately US$ 7 million in yearly revenue and between US$ 1 and $ 2 million in adjusted net income in the first 12 months . " From our perspective IYD was perhaps the only substantial wholesale domain registration base that might be available over the next few years , and it ' s a compatible business that we ' ll be able to fold in to our existing operations " , said Elliot Noss , President and CEO , Tucows Inc . " Additionally , this acquisition gives us some very interesting underlying technology that we were favorably impressed with that will allow us to more completely service our customer base " . IYD is positive that its customers will be well served under the Tucows banner . " Tucows has a solid reputation within the industry as a customer - focused organization " , said James McKenzie , IYD 's CEO . " We ' re very confident that as Tucows customers , IYD affiliates will continue to receive the high level of service and support they have come to expect " added Ted Cucci , IYD 's COO . " It was important to us that any buyer commit to continuing the services that our customers demand " . A video interview with Elliot Noss and an FAQ concerning this announcement can be found at about.tucows.com/media . About ItsYourDomain Innerwise , Inc . d / b / a ItsYourDomain.com ( IYD ) is a leading U . S . - based registrar with more than 700,000 domain names under management . IYD has operations for retail , large portfolio , and affiliate customers . The company developed the industry ' s first transparent affiliate operation that enables web hosting firms , web design shops , and virtually any other business to offer its customers domain registration and related services . Transparent affiliates control the customer 's user experience , eliminating the risk of reseller conflict , while using IYD 's infrastructure to eliminate the need for investment . About Tucows Tucows Inc . is the largest Internet services provider for hosting companies and ISPs . Through our network of over 7,000 service providers around the world we provide millions of email boxes and manage over seven million domains . Tucows is an accredited registrar with ICANN ( the Internet Corporation for Assigned Names and Numbers ) . Tucows remains one of the most popular software download sites on the Internet . For more information please visit about.tucows.com . For further information : Leona Hobbs , Director of Communications Tucows ( 416 ) 538 - 5450 lhobbs@tucows.com This release may contain forward - looking statements , relating to the Company 's operations or to the environment in which it operates , which are based on Tucows Inc . 's operations , estimates , forecasts and projections . These statements are not guarantees of future performance and are subject to important risks , uncertainties and assumptions concerning future conditions that may ultimately prove to be inaccurate or differ materially from actual future events or results . A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward - looking statements . Consequently , investors should not place undue reliance on these forward - looking statements , which are based on Tucows Inc . 's current expectations , estimates , projections , beliefs and assumptions . These forward - looking statements speak only as of the date of this presentation and are based upon the information available to Tucows Inc . at this time . Tucows Inc . disclaims any intention or obligation to update or revise any forward - looking statements , whether as a result of new information , future events or otherwise .