HSW International, Inc. Completes Merger With INTAC International, Inc.
03 10월 2007 - 6:37AM
PR Newswire (US)
ATLANTA, Oct. 2 /PRNewswire-FirstCall/ -- HSW International, Inc.
(NASDAQ:HSWI), a developer and operator of Internet businesses
focused on providing consumers in the world's emerging digital
economies with locally relevant, high quality information, today
announced that it has completed its previously announced merger
with INTAC International, Inc. (NASDAQ:INTN). Shares of common
stock of the merged company, which is incorporated in Delaware and
headquartered in Atlanta, are expected to start trading Wednesday,
October 3, 2007 on the NASDAQ Global Market under the symbol HSWI.
Completion of the merger follows its approval by a majority of
INTAC's shareholders on August 13, 2007. As a result of the merger,
INTAC International has become a wholly-owned subsidiary of HSW
International, and INTAC International's stock will no longer be
quoted on NASDAQ. Under terms of the transaction, INTAC
shareholders are entitled to exchange their INTAC shares for an
equal number of shares in HSW International's stock. Additional
details on the merger and companies involved in this transaction
are available in HSW International's Form S-4 Registration
Statement, which can be accessed from the Securities and Exchange
Commission's website (http://www.sec.gov/) or from HSW
International's website (http://www.hswinternational.com/). About
HSW International, Inc. HSW International, Inc. (NASDAQ:HSWI)
develops and operates Internet businesses focused on providing
consumers in the world's emerging digital economies with locally
relevant, high quality information. The Company is headquartered in
Atlanta and incorporated in Delaware. HSW International is the
exclusive licensee for the translation and publication of certain
content from HowStuffWorks, Inc. in China and Brazil.
Forward-Looking Statements This press release contains
"forward-looking statements," as defined in Section 27A of the
Securities Act of 1993, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements may be in the future tense, and often include words such
as "anticipate", "expect", "project", "believe", "plan",
"estimate", "intend", "will" and "may". These statements are based
on current expectations, but are subject to certain risks and
uncertainties, many of which are difficult to predict and are
beyond the control of HSW International. Relevant risks and
uncertainties include those referenced in HSW International's
filings with the SEC, including the registration statement on Form
S-4, and include but are not limited to: general industry
conditions and competition; general economic conditions, such as
interest rate and currency exchange rate fluctuations; economic and
industry conditions specific to China and Brazil, such as the state
of the telecommunications and internet infrastructure in China and
Brazil and uncertainty regarding protection of intellectual
property in China and Brazil; challenges inherent in developing an
online business in China and Brazil, including obtaining regulatory
approvals and adjusting to changing political and economic
policies; governmental laws and regulations, including unclear and
changing laws and regulations related to the internet sector in
China; restrictions on certain intellectual property under
agreements with third parties. These risks and uncertainties could
cause actual results to differ materially from those expressed in
or implied by the forward-looking statements, and therefore should
be carefully considered. HSW International assumes no obligation to
update any forward-looking statements as a result of new
information or future events or developments. DATASOURCE: HSW
International, Inc. CONTACT: HSW International Investor Relations,
+1-404-926-0660, , or, Brion Tingler, Gavin Anderson & Co.,
+1-212-515 1941, Web site: http://www.hswinternational.com/
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