Yellow Pages Group Acquires The TBayTel Directory Business
Posted on: Tuesday, 19 February 2008, 12:00 CST
Yellow Pages Group (YPG) through Yellow Pages Income Fund (TSX: YLO.UN) announced today that it has acquired the directory business from TBayTel, a leading telecommunications company in Thunday Bay and Northern Ontario. This transaction closed on February 19, 2008.
"YPG has been selling and producing the TBayTel directory since 1982. We know the business very well and this acquisition was the next logical step for us," stated Scott Wambolt, Senior Vice President, Sales of Yellow Pages Group. "We will continue to provide the high level of service that we have always offered to both users and advertisers in the Thunder Bay community."
TBayTel publishes the City of Thunder Bay directory for a circulation of over 120,000 copies.
About Yellow Pages Income Fund
Yellow Pages Income Fund indirectly holds an approximate 97% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada's largest telephone directories publisher. It publishes annually more than 340 Yellow Pages(TM) and residential directories. The Company owns and manages Canada's most visited online directories, YellowPages.ca(TM) and Canada411.ca, as well as CanadaPlus.ca(TM), a network of seven local city sites. Trader Corporation is a Canadian leader in print and online vertical media with approximately 200 publications and 20 web sites covering four product verticals: automotive, real estate, generalist, as well as employment and other. Its main brands include Auto Trader(TM), Auto Hebdo(TM), The Bargain Finder(TM), Buy&Sell(TM), Renters News(TM) and Home Renters' Guide(TM). For more information about the Fund, visit www.ypg.com.
Contacts: Yellow Pages Income Fund Annie Marsolais (Media Relations) Director, Corporate Communications 514-934-4016 annie.marsolais@ypg.com Investor Relations Anne-Sophie Roy Senior Manager, Corporate Finance 514-934-2828 anne-sophie.roy@ypg.com
SOURCE: Yellow Pages Group
Source: MARKET WIRE
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