TORONTO, Canada – Carma Financial Services Corporation (CARMA), provides the following update on the status of its previously announced proposed acquisition of Synergex Group Inc. (Synergex), the current share trading halt, and the appointment of a sponsor for the proposed acquisition.
On October 25, 2004 CARMA issued a press release announcing that it had entered into an agreement under which it will acquire all the issued and outstanding shares of Synergex. Synergex is a Mississauga, Ontario-based corporation and a leading technology-based business services provider.
Through its Commercial Gateway, Synergex serves the computer entertainment and other industries, and the company’s comprehensive menu of services includes supply chain management, payment reconciliation and processing, administrative services, logistics services, and digital art and linguistic services.
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