EX-99.1
3
v021194_ex99-1.htm
Exhibit
No. 99.1
N
EWS
R
ELEASE
Company
Contact:
Investor
Relations:
Gordon
Landies
Bill
Bush
International
Microcomputer Software, Inc.
International
Microcomputer Software, Inc.
415.878.4000
415.878.4039
E-mail:
glandies@imsisoft.com
E-mail:
bbush@imsisoft.com
HOUSEPLANS,
INC. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE WEINMASTER HOMES,
LTD.
Acquisition
adds www.globalhouseplans .com to network of websites
NOVATO,
Calif., June 29, 2005 -
Houseplans,
Inc. ("Houseplans"), a wholly-owned subsidiary of International Microcomputer
Software, Inc. ("IMSI") and a leading supplier of ready-to-build house plans
on-line, announced today the acquisition of Weinmaster Homes, Ltd. ("WHL"),
operator of the #2 Google ranked www.globalhouseplans.com
website,
for $4.0 million in cash, notes and common stock of IMSI in addition to the
assumption of certain liabilities. The acquisition will make Houseplans.com
the
#1 provider of high quality stock house plans on-line with more than 24,000
plans available to customers. WHL, one of the leading marketer's of stock house
plans in Canada, has operated its plans business in the United States and
Canada
for more than twenty-five years and is one of the leading innovators in this
fast growing market. In addition to more than 14,800 plans available to
customers, which includes over 500 proprietary Weinmaster plans, WHL also
has an
impressive array of content and tools to help homeowners and their builders
economically build their dream homes. WHL is currently cash flow positive
and is
expected to be accretive to IMSI's consolidated earnings in the fiscal year
ending June 30, 2006. The transaction, which is subject to customary closing
conditions, is expected to close on July 1, 2005.
"We
are
very excited about joining forces with the WHL team" stated Marvin Mauer,
President of Houseplans. "We share a common vision for the on-line stock house
plans market. It is our common belief that we need to offer the widest array
of
content and services in order to ensure that our customers are able to make
the
best possible choices for their most significant investment, their dream
home.
The WHL team has aggregated an impressive number of plans, home building
content
and tools which will greatly enhance our total offering".
-1-
"This
is
another significant milestone for our Houseplans, Inc. subsidiary, said Gordon
Landies, President of IMSI. "This acquisition provides Houseplans with
substantially more content and the #2 website for the sale of house plans
to
contractors and consumers. The acquisition is part of our ongoing strategy
to
grow substantially in this market space. We will continue to source and complete
similar transactions to grow our business".
"Houseplans
is one of the leaders in the stock house plans industry and our team is excited
to join with them", stated Bruce Weinmaster, President of WHL. "I look forward
to helping transition the substantial assets which we have created to the
Houseplans.com team with the expectation that the combined entity will lead
the
industry in content, selection and service and accelerate our growth in the
U.S.
and the growing Canadian market".
About
Houseplans, Inc.
Houseplans,
Inc. (www.Houseplans.com), a wholly owned subsidiary of IMSI (R)(OTC/BB:
IMSI),
is focused on expanding its network of web properties to serve the rapidly
growing market for the sale of stock house plans on-line and related home
building services. The company's mission is to help customers find and acquire
the perfect plan for their dream home by offering the largest selection of
quality house plans and providing an experience that exceeds all customer
expectations. More information about Houseplans can be found at www.houseplans.com,
www.houseplanguys.com
and
www.homeplanfinder.com.
About
IMSI
Founded
in 1982, IMSI has established a tradition of providing the professional and
home
user with innovative technology and easy-to-use, high-quality software products
at affordable prices. The company maintains two business divisions. The
Precision Design division,
anchored by IMSI's flagship product, TurboCAD®
and the
DesignCAD™
line,
also develops and markets other visual content and design software such as
FloorPlanÒ 3D.
The
division also includes several online properties focused on the sale of content
and services to the architectural, engineering and construction market thru
its
stock house plans site at Houseplans.com, its CAD add-on store, Cadalog.com
and
the online CAD symbol site, CADsymbols.com. The
Consumer & Business Software Solutions division, anchored
by our wholly owned subsidiary Allume Systems (formerly Aladdin Systems)
which
provides small businesses and consumers with software solutions through its
popular products such as StuffIt®,
Internet Cleanup®,
SpamCatcher®,
TurboProject®, FormTool®, FlowCharts&More™,
HiJaak® and
TurboTyping™.
More
information about IMSI can be found at www.imsisoft.com
and
www.allume.com.
Safe
Harbor Statement
This
announcement contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange
Act of
1934, and within the meaning of the Private Securities Litigation Reform
Act of
1995. Actual results could differ materially from those projected in the
forward-looking statements as a result of various factors including the ability
of the company to successfully commercialize its new technologies as well
as
risk factors set forth under "Factors Affecting Future Operating Results" in the
company's annual report on Form 10-KSB for the year ended June 30, 2004, and
such other risks detailed from time to time in the company's reports filed with
the Securities and Exchange Commission. The company undertakes no obligation
to
publicly release the result of any revisions to these forward-looking
statements, which may be made to reflect events or circumstances after the
date
hereof or to reflect the occurrence of unanticipated events.
#
#
#
-2-

EX - 99 . 1 3 v021194 _ ex99 - 1 . htm Exhibit No . 99 . 1 N EWS R ELEASE Company Contact : Investor Relations : Gordon Landies Bill Bush International Microcomputer Software , Inc . International Microcomputer Software , Inc . 415 . 878 . 4000 415 . 878 . 4039 E - mail : glandies@imsisoft.com E - mail : bbush@imsisoft.com HOUSEPLANS , INC . SIGNS DEFINITIVE AGREEMENT TO ACQUIRE WEINMASTER HOMES , LTD . Acquisition adds www.globalhouseplans . com to network of websites NOVATO , Calif . , June 29 , 2005 - Houseplans , Inc . ( " Houseplans " ) , a wholly - owned subsidiary of International Microcomputer Software , Inc . ( " IMSI " ) and a leading supplier of ready - to - build house plans on - line , announced today the acquisition of Weinmaster Homes , Ltd . ( " WHL " ) , operator of the # 2 Google ranked www.globalhouseplans.com website , for $ 4.0 million in cash , notes and common stock of IMSI in addition to the assumption of certain liabilities . The acquisition will make Houseplans.com the # 1 provider of high quality stock house plans on - line with more than 24,000 plans available to customers . WHL , one of the leading marketer 's of stock house plans in Canada , has operated its plans business in the United States and Canada for more than twenty - five years and is one of the leading innovators in this fast growing market . In addition to more than 14,800 plans available to customers , which includes over 500 proprietary Weinmaster plans , WHL also has an impressive array of content and tools to help homeowners and their builders economically build their dream homes . WHL is currently cash flow positive and is expected to be accretive to IMSI 's consolidated earnings in the fiscal year ending June 30 , 2006 . The transaction , which is subject to customary closing conditions , is expected to close on July 1 , 2005 . " We are very excited about joining forces with the WHL team " stated Marvin Mauer , President of Houseplans . " We share a common vision for the on - line stock house plans market . It is our common belief that we need to offer the widest array of content and services in order to ensure that our customers are able to make the best possible choices for their most significant investment , their dream home . The WHL team has aggregated an impressive number of plans , home building content and tools which will greatly enhance our total offering " . - 1 - " This is another significant milestone for our Houseplans , Inc . subsidiary , said Gordon Landies , President of IMSI . " This acquisition provides Houseplans with substantially more content and the # 2 website for the sale of house plans to contractors and consumers . The acquisition is part of our ongoing strategy to grow substantially in this market space . We will continue to source and complete similar transactions to grow our business " . " Houseplans is one of the leaders in the stock house plans industry and our team is excited to join with them " , stated Bruce Weinmaster , President of WHL . " I look forward to helping transition the substantial assets which we have created to the Houseplans.com team with the expectation that the combined entity will lead the industry in content , selection and service and accelerate our growth in the U . S . and the growing Canadian market " . About Houseplans , Inc . Houseplans , Inc . ( www.Houseplans.com ) , a wholly owned subsidiary of IMSI ( R ) ( OTC / BB : IMSI ) , is focused on expanding its network of web properties to serve the rapidly growing market for the sale of stock house plans on - line and related home building services . The company 's mission is to help customers find and acquire the perfect plan for their dream home by offering the largest selection of quality house plans and providing an experience that exceeds all customer expectations . More information about Houseplans can be found at www.houseplans.com , www.houseplanguys.com and www.homeplanfinder.com . About IMSI Founded in 1982 , IMSI has established a tradition of providing the professional and home user with innovative technology and easy - to - use , high - quality software products at affordable prices . The company maintains two business divisions . The Precision Design division , anchored by IMSI 's flagship product , TurboCAD ® and the DesignCAD ™ line , also develops and markets other visual content and design software such as FloorPlanÒ 3D . The division also includes several online properties focused on the sale of content and services to the architectural , engineering and construction market thru its stock house plans site at Houseplans.com , its CAD add - on store , Cadalog.com and the online CAD symbol site , CADsymbols.com . The Consumer & Business Software Solutions division , anchored by our wholly owned subsidiary Allume Systems ( formerly Aladdin Systems ) which provides small businesses and consumers with software solutions through its popular products such as StuffIt ® , Internet Cleanup ® , SpamCatcher ® , Turbo Project ® , FormTool ® , FlowCharts & More ™ , HiJaak ® and TurboTyping ™ . More information about IMSI can be found at www.imsisoft.com and www.allume.com . Safe Harbor Statement This announcement contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 , Section 21E of the Securities Exchange Act of 1934 , and within the meaning of the Private Securities Litigation Reform Act of 1995 . Actual results could differ materially from those projected in the forward - looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth under " Factors Affecting Future Operating Results " in the company 's annual report on Form 10 - KSB for the year ended June 30 , 2004 , and such other risks detailed from time to time in the company 's reports filed with the Securities and Exchange Commission . The company undertakes no obligation to publicly release the result of any revisions to these forward - looking statements , which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events . # # # - 2 -