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12 September 2014
*Updated* Intertainment Media completes sale of Magnum Printing
TORONTO—*This story has been updated*
Intertainment Media has announced the final closing sale of assets of Magnum Fine Commercial Printing limited to 1337478 Ontario Inc., an entity controlled by Media-Vision— a company that specializes in print, web, direct mail, displays and packaging, and premium and incentives work.
The sale transaction closed on Sept. 2 and all Magnum printing assets and employees have been transferred to Media-Visions’ head office on Passmore Ave. where production is located, Media-Vision CEO John Popovski said.
Selling Magnum is part of Intertainment’s strategy to focus on new media-based revenue opportunities and maximize value for its shareholders. The company is a technology incubator that focuses on developing, nurturing and investing in North American and global technology solutions like Yappn and theAudience.
Intertainment Media has announced the final closing sale of assets of Magnum Fine Commercial Printing limited to 1337478 Ontario Inc., an entity controlled by Media-Vision— a company that specializes in print, web, direct mail, displays and packaging, and premium and incentives work.
The sale transaction closed on Sept. 2 and all Magnum printing assets and employees have been transferred to Media-Visions’ head office on Passmore Ave. where production is located, Media-Vision CEO John Popovski said.
Magnum Printing is a company with more than 25 years' of industry experience that provides services such as diecutting, copying, embossing/debossing and marketing and advertising. The company was purchased for $1.5 million.
“With this acquisition, Media-Vision will be in an excellent position to provide its customers with additional services within the digital and short run market,” Popovski said. “The trade name Magnum Fine Commercial Printing and Magnum Legal will remain active beyond the acquisition.”
Selling Magnum is part of Intertainment’s strategy to focus on new media-based revenue opportunities and maximize value for its shareholders. The company is a technology incubator that focuses on developing, nurturing and investing in North American and global technology solutions like Yappn and theAudience.
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