-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HXPeZXqwb62jWNW4JXgCXAAKkLtwpPx4h950TLwFiinzOnYZbJdExdytECYRdgbY F+PdZgnPGALBE2ztWakEiQ== 0001199073-10-000902.txt : 20101020 0001199073-10-000902.hdr.sgml : 20101020 20101020092651 ACCESSION NUMBER: 0001199073-10-000902 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20101020 FILED AS OF DATE: 20101020 DATE AS OF CHANGE: 20101020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COPERNIC INC CENTRAL INDEX KEY: 0000839435 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17164 FILM NUMBER: 101131752 BUSINESS ADDRESS: STREET 1: 360 FRANQUET STREET STREET 2: SUITE 60 CITY: QUEBEC STATE: A8 ZIP: G1P 4N3 BUSINESS PHONE: (418) 527-0528 MAIL ADDRESS: STREET 1: 360 FRANQUET STREET STREET 2: SUITE 60 CITY: QUEBEC STATE: A8 ZIP: G1P 4N3 FORMER COMPANY: FORMER CONFORMED NAME: MAMMA COM INC DATE OF NAME CHANGE: 20040319 FORMER COMPANY: FORMER CONFORMED NAME: INTASYS CORP DATE OF NAME CHANGE: 19970516 FORMER COMPANY: FORMER CONFORMED NAME: SMARTEL COMMUNICATIONS CORP DATE OF NAME CHANGE: 19950714 6-K 1 d6k.htm COPERNIC INC. FORM 6-K d6k.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K 
 
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934 
 
For the month of October 2010
Commission File Number 0-17164
Copernic Inc.

(Translation of registrant's name into English)
 
388 St. Jacques Street West, 9th Floor,
Montreal, Quebec H2Y 1S1

(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
 Form 20-F
 x
 Form 40-F
 o
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _______________
 
Note : Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _______________
 
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
 Yes
o
 No
 x
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______________.
 



 
 
SIGNATURES
 
        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
  Copernic Inc.  
 
(Registrant)
 
 
Date: October 20, 2010
By:
/s/ Marc Ferland  
    Name: Marc Ferland  
    Title:  Marc Ferland, President and CEO  
       

 
 
EXHIBIT INDEX
 
Exhibit No.
 
Description
 
       
99.1
 
COMAMTECH AND DECISIONPOINT SYSTEMS, INC. ENTER INTO AN ARRANGEMENT AGREEMENT
 
 

 

 
 
 
 
EX-99.1 2 ex99_1.htm COMAMTECH AND DECISIONPOINT SYSTEMS, INC.ENTER INTO AN ARRANGEMENT AGREEMENT ex99_1.htm  

Exhibit 99.1
 
 
 
 
Graphic
 
COMAMTECH AND DECISIONPOINT SYSTEMS, INC.
ENTER INTO AN ARRANGEMENT AGREEMENT

Montreal, Québec, October 20, 2010 – Copernic Inc. (“Copernic”) (NASDAQ: CNIC) hereby announces that a wholly-owned subsidiary of Copernic, Comamtech Inc. (“Comamtech”), has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with DecisionPoint Systems, Inc. (OTC.BB: DNPI (“DNPI”), with respect to an arrangement (the “Arrangement”) to acquire all the outstanding shares of DNPI in a reverse take-over. All dollar amounts referred to herein are U.S. dollars unless otherwise stated.

The Arrangement will be completed by way of a plan of arrangement under Section 182 of the Business Corporations Act (Ontario) (the “Plan of Arrangement”) and provides for the amalgamation of DNPI with 2259736 Ontario Inc., a wholly-owned subsidiary of Comamtech.  In consideration for the amalgamation, shareholders of DNPI will exchange all of their shares of DNPI into common shares of Comamtech, except that DNPI shareholders holding DNPI preferred shares will exchange such shares for preferred shares of Comamtech, which in turn, shall be convertible into common shares of Comamtech.

In addition, the outstanding DNPI options and warrants to purchase DNPI’s existing common shares under DNPI’s existing stock option plans and outstanding warrant agreements will be exchanged for equivalent options and warrants to purchase common shares of Comamtech.

After the closing of the previously announced arrangement between Copernic, Comamtech and N. Harris Computer Corporation (“Harris”) as a result of the Arrangement with DNPI, shareholders, warrant and option holders of DNPI will hold approximately 70.6% of the issued and outstanding shares of Comamtech, on a fully-diluted basis. The transaction outlined in the Plan of Arrangement, subject to various conditions, is expected to close prior to the end of the year.

The Board of Directors of Comamtech has unanimously approved the Arrangement and has determined that the Arrangement is in the best interest of the shareholders of Comamtech and recommends that the shareholders of Comamtech approve the Arrangement. This recommendation is based in part on a fairness opinion prepared by ModelCom Inc. (“ModelCom”). ModelCom was retained to provide an opinion as to the fairness of the Arrangement from a financial point of view to the shareholders of Comamtech and has determined that the proposed transaction is fair from a financial point of view to the shareholders of Comamtech.

Completion of the Arrangement will be subject to certain customary conditions, including approval of the Arrangement by not less than 66 2/3 percent of the votes cast at a special meeting of the shareholders of Comamtech. The shareholders of Comamtech will be asked, at the special meeting, to approve the continuance of Comamtech under the General Corporation Law of the State of Delaware. The completion of the Arrangement is also subject to court approvals, the approval of the amalgamation by DNPI shareholders, the closing of the transaction with Harris and certain regulatory approvals. Copernic’s shareholders are cautioned that the failure to occur of any of these conditions, as well as others as outlined in the Arrangement Agreement, will result in the termination of the Arrangement Agreement.

Pursuant to the Arrangement Agreement, Comamtech has agreed to pay DNPI a termination fee of $500,000 in certain circumstances if the proposed Arrangement is not completed. DNPI, likewise, has agreed to pay Copernic a termination fee of $500,000 in the event of a material breach or non

 
 

 
- 2 -

performance by DNPI of its obligations under the Arrangement Agreement. The Arrangement Agreement also contains mutual non-solicitation covenants and mutual rights to match any superior proposal.
 
As previously announced, Comamtech and Copernic were actively seeking a business acquisition intended to facilitate the continued listing of shares on Nasdaq Capital Markets (“Nasdaq”).  Comamtech and Copernic have been advised by Nasdaq that a delisting letter will be issued in connection with the Harris transaction after which Comamtech may file an appeal.  On the basis of the prospective transaction with DNPI, Comamtech expects to successfully appeal the delisting letter and meet the applicable Nasdaq requirements for continued listing and trading of shares.
 
Comamtech will in due time mail an information circular and proxy statement (the “Information Circular”) in connection with the Arrangement. The Arrangement will be considered by the shareholders of Comamtech at a special meeting of Comamtech shareholders to be held at the time and location to be set forth in the Information Circular. The Information Circular will contain details concerning the Arrangement, including the conditions and procedures for it to become effective and will include a copy of ModelCom’s fairness opinion. The shareholders of Comamtech are urged to carefully review the Information Circular and accompanying materials as they will contain important information regarding the Arrangement and their rights and entitlements in connection therewith.

At the completion of the transaction, the current DNPI Board of Directors along with Messrs. Ferland and Yelin will form the new Board of Directors for the merged entity which at that time will be named DecisionPoint Systems.Inc. Mr. Nicolas Toms the current Chairman and CEO of DNPI will continue his functions with the new Company.

Mr. Ferland,CEO of Copernic and Comamtech stated that “this merger with a deal value of $15.3M for DNPI represents the final chapter converting our business from search engines to mobile applications using wireless and RFID technologies to empower customer facing employees. DNPI with over $50M in sales, a proven track record in serving marquee corporate customers, and a management team with previous success in building shareholder value is well positioned to continue its growth and build an industry winner. Furthermore I wish to thank our shareholders for their patience while we have transitioned the company through complex transactions.”


About Comamtech Inc.

Comamtech is the successor to Copernic which will be sold to N.Harris upon the approval of shareholders at a forthcoming Special Shareholders meeting scheduled for October 25th. 2010
 
 
About DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers.  They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere.  DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.  For more information on DecisionPoint Systems visit http://www.decisionpt.com/news.php.

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual outcomes to differ materially from plans, projections, expectations and other anticipated results.  Some of these risks and uncertainties are detailed in the Company’s filings with the U.S. Securities and Exchange Commission and the Ontario Securities Commission.  The Company expressly disclaims an intent or obligation to update any description of the scope, focus or subject matter of the forward-looking statements or any other matters contained in this press release except as otherwise required by law.

 
 

 
- 3 -



FOR MORE INFORMATION CONTACT:

Copernic Inc. and Comamtech Inc.
Marc Ferland, President and Chief Executive Officer
Telephone Toll Free: (877) 289-4682 #1013
Telephone Local: (418) 527-0528 #1013
Email: mferland@copernic.com
Website: www.copernic.com


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