AZCAR Acquires 67% of Matchframe Video, LLC
MARKHAM, ONTARIO--(Marketwire - Aug. 25, 2009) - Stephen F. Pumple, Chairman and CEO of AZCAR Technologies Incorporated (TSX:AZZ) today announced that AZCAR has acquired a controlling interest in Matchframe Video, LLC of Burbank, California, with an option to acquire the remaining 33%. Matchframe Video is a full-service media company serving motion picture, television and multimedia clients for over 20 years. The transaction, which is valued at US$ 300,000, will be settled for cash. The acquisition is expected to be accretive to earnings in 2010.
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