Consumer Stocks (Discretionary and Staples):
Empire Company (EMP-A.TO): +4.7%
High Liner Foods (HLF.TO): -2.2%
George Weston (WN.TO): +0.5%
Inscape (INQ.TO): flat
Mood Media (MM.TO): -3.9%
Intermap (IMP.TO): flat
In company news, Mood Media will sell its remaining eight
thousand Canadian commercial accounts to its long-term affiliate
and operating partner, Stingray Digital, for US$11.2 million.
Stingray and Mood Media will work together to serve the accounts
with Mood Media services.
Under the terms of the agreement, Mood Media will receive an
initial cash payment of US$9.5 million and upon the achievement of
certain key performance indicators, Stingray will pay Mood Media
US$1.7 million via an incremental payment after 12 months. Proceeds
from the transaction will be targeted to strengthen the company's
Meanwhile, Intermap Technologies Friday announced the commercial
availability of GeoPro Server, which allows users to turn disparate
geospatial data into simple-to-use information by providing access
to geospatial and non-geospatial data via a web service or web
portal regardless of the data's source or original file format.
Lastly, Inscape last night reported net loss of $1.5 million, or
$0.10 per share, for Q4 ended April 30, 2014 versus a net loss of
$1.4 million, or $0.10 per share, a year earlier. Sales went down
to $15.2 million from $16 million. The drop in the year-over-year
sales was mainly caused by a decline in the volume of the office
furniture projects by 13.1%, while the moveable wall segment had a
3.9% decrease from last year. Analyst estimates weren't available
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