TORONTO, May 14, 2007 — Impact E-Solutions Corporation (www.impactesolutions.com), (Pink Sheets:IESO) is pleased to announce the completion of the acquisition of Get Tickets E-Solutions Canada Inc. (www.gettickets.ca). Get Tickets is a provider of online, transaction based event ticketing and event management solutions. Under the terms of the agreement, approved by The Boards of Directors of both companies, Impact E-Solutions will acquire 100% of the issued and outstanding shares of Get Tickets in an all cash transaction. Additionally, the senior management of Get Tickets has agreed to long term employment contracts.
“The Get Tickets brand represents a powerful call to action combined with a suite of exceptional proprietary software tools,” commented Michael Smith, President of Impact E-Solutions. “The Get Tickets platform empowers event owners and event promoters to self-create, manage, market and sell tickets with efficient, leading edge software tools at an exceptionally low cost. The acquisition of Get Tickets is a key step in our strategic plan to proliferate a self managed ticketing capability globally.”
“The Get Tickets model, which empowers users to drive cost and complexity out of traditional event management and ticketing activities, has been developed over an almost 3-year period and we are excited that Impact E-Solutions is prepared to propel the expansion of the Get Tickets strategy beyond the Canadian marketplace,” commented Bill Gaskey, Founding Partner of Get Tickets E-Solutions Canada, Inc. “Empowerment has universal appeal and we are confident that the Get Tickets brand will be widely adopted across multiple markets and verticals.”
The online ticket industry has grown dramatically over the last several years. The North American measured ticket industry, including concerts, sports, and other events, is estimated at roughly $15 billion annually. The Get Tickets model also delivers to the under-serviced and highly lucrative unmeasured markets such as charities, festivals, trade shows and conferences.
About Impact E-Solutions Corporation
Impact E-Solutions has a strategic plan to capitalize on the present and future way in which businesses, associations, artists & entertainers, venues and consumers communicate, create partnerships and develop revenue generating activities and transactions within the online universe.
Impact E-Solutions’ mission is to innovate — bringing the power, ease of use and massive reach of the internet together with constantly evolving software solutions to deliver better products, customized services and unique business solutions. Today, Impact E-Solutions is offering highly advanced, scalable e-ticketing solutions to clients in North America, South America and the Caribbean with a deeper commitment to provide our products and solutions to clients and consumers on a Global scale.
The Impact E-Solutions Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2913
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The “Act”). In particular, when used in the preceding discussion, the words “pleased” “plan,” “confident that,” “believe,” “expect,” “intend to,” or “anticipate” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company’s products and technologies, competitive factors, the ability to successfully complete additional financings and other risks. All forward-looking statements are based on information available to Impact E-Solutions on the date hereof, and Impact E-Solutions assumes no obligation to update such statements.