Municipal Software Financial News
HARRIS ANNOUNCES FINALIZATION OF THE PURCHASE OF MUNICIPAL SOFTWARE CORPORATION
July 18, 2008
OTTAWA, ONTARIO—July 18, 2008 —Harris Computer Systems (“Harris”), a leading provider of financial, customer and student information management software solutions for utilities, local governments and schools, today announced that it has completed the purchase of substantially all of the assets of Municipal Solutions Group (“MSG”) (TSX VE:MSZ), including the shares of its wholly-owned operating subsidiary, Municipal Software Corporation (“MSC”) (but excluding those assets which constitute MSG’s “Local Government Manager” product). Further details of the transaction were disclosed in a news release of June 3, 2008 at the time Harris entered into an acquisition agreement to acquire MSG.
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Municipal Solutions Group Inc. Annouces Shareholders'’ Vote Relating To Transaction With N. Harris Computer Corporation
July 15, 2008
Victoria, BC, July 14, 2008 – Municipal Solutions Group, Inc. (TSX-V:MSZ) (“Municipal” or the “Company”) announces that its shareholders have voted to approve the transaction previously announced on June 3, 2008 (the “Transaction”) which, if completed, will result in the sale of substantially all of the assets of Municipal to N. Harris Computer Corporation (“Harris”) pursuant to a share purchase agreement and an asset purchase agreement with Harris, a wholly owned subsidiary of Constellation Software Inc. (TSX:CSU).
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Municipal Solutions Group Inc. Enters into Acquisition Agreements with Harris Computer Corporation
June 3, 2008
Victoria, BC, June 3, 2008 – Municipal Solutions Group, Inc. (TSX-V:MSZ) (“Municipal” or the “Company”) announces that it has entered into a share purchase agreement and an asset purchase agreement (together, the “Acquisition Agreements”) with N. Harris Computer Corporation (“Harris”), a wholly owned subsidiary of Constellation Software Inc. (TSX:CSU).
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Municipal Solutions Announces Results for First Quarter 2008
May 27, 2008
Municipal Solutions Group, Inc. (“Municipal Solutions”) (TSX-V: MSZ), a provider of business process automation solutions for local government, today announced its financial results for the quarter ending March 31, 2008.
In the first quarter of 2008, Municipal Software realized the benefits of its restructurings in 2007 and posted its smallest quarterly loss and loss per share in the last eight quarters despite the strength in the Canadian dollar which resulted in revenues that were essentially unchanged from the same quarter in 2007.
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Municipal Solutions Announces Annual Results for 2007
March 28, 2008
Municipal Solutions Group, Inc. (“Municipal Solutions”) (TSX-V: MSZ), a provider of business process automation solutions for local government, today announced its financial results for the year ending December 31, 2007.
Total revenue for the year ended December 31, 2007 was $4,813,035 as compared to $4,204,812 in the year ended December 31, 2006, an increase of 14%. Total revenue for the fourth quarter in 2007 was $1,306,649 as compared to $1,166,361 in the fourth quarter of 2006, an increase of 12%. The increase in both the twelve month period and fourth quarter was predominantly related to Services revenue offset by decreases in Software License revenue and Software Maintenance Fee revenue.
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Municipal Solutions Announces $1,000,000 Convertible Debt Financing
January 18, 2008
Municipal Solutions Group Inc. (TSX-V:MSZ) (“Municipal”) announces that it has entered into an agreement with Pender Growth Fund (VCC) Inc. and a company controlled by a director of Municipal pursuant to which the two investors will purchase an aggregate of $1,000,000 principal amount of 12% secured, convertible debentures (the “Debentures”) to be issued by Municipal.
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Municipal Solutions Announces Results for Third Quarter 2007
November 27, 2007
Municipal Solutions Group, Inc. (“Municipal Solutions”) (TSX-V: MSZ), a provider of business process automation solutions for local government, today announced its unaudited financial results for the quarter ending
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Municipal Solutions Group, Inc. Announces Executive Change and Restructuring
October 25, 2007
Municipal Solutions Group, Inc. (TSX-V:MSZ) announces the resignation of Iain McLean as President, CEO and Director of Municipal Solutions Group Inc. The Board of Municipal Software has appointed Dennis Asbury, Vice President Sales, as President and CEO.
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Municipal Solutions Group, Inc. Announces Execution of $300,000 Secured Loan Facility
September 18, 2007
Municipal Solutions Group, Inc. (TSX-V:MSZ) announced that it has entered into a loan facility agreement with its largest shareholder, Pender Growth Fund (VCC) Inc.
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Municipal Solutions Announces Results for Second Quarter 2007
August 22, 2007
Municipal Solutions Group, Inc. (“Municipal Solutions”) (TSX-V: MSZ), a provider of business process automation solutions for local government, today announced its unaudited financial results for the quarter ending
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Municipal Solutions Group Inc. Announces Completion of First Tranche of Non-Brokered Private Placement
July 6, 2007
Municipal Software (TSX-V:MSZ) announced today that it has now closed the first tranche of its previously announced non-brokered private placement and raised gross proceeds of approximately $863,200.
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