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1、NEWSRELEASEYELLOWPAGESACQUIRESTRADEDIRECTORYPUBLISHERSINGAPOREINFORMATIONSERVICESPTELTDFORS$6MILLION-Strategicacquisitiontoexpandrangeofproductsandservices-StrongdistributionnetworkandrecognitionintheinternationalmarketSingapore,March4,2009–YellowPages(Singapore)Limited(“YellowPages”or“theGroup
2、”),Singapore’slargestpublisheroftelephonedirectoriesandproviderofclassifieddirectoryadvertisingandassociatedproductsandservices,andInternationalEnterpriseSingapore(“IESingapore”),astatutoryboardundertheMinistryofTradeandIndustry,taskedtopromoteoverseasgrowthofSingapore-basedenterprisesandintern
3、ationaltrade,todayjointlyannouncedthatYellowPageswillbeacquiringSingaporeInformationServicesPteLtd(“INSIS”),awhollyownedsubsidiaryofIESingaporeHoldingsPteLtd,foratotalpurchaseconsiderationofapproximatelyS$6million.INSISisoneofSingapore’sleadingtradedirectorypublishers,publishingbusiness-to-busi
4、nesstradedirectoriestopromoteSingaporeproductsandservicesworldwide.CommentedMrStanleyTan,ExecutiveChairmanofYellowPages:“ThisacquisitionisagoodfitforbothYellowPagesandINSISasbotharefocusedmainlyonservingtheneedsofSingapore’ssmallandmediumenterprises(“SMEs”),albeitreachingouttodifferentgeographi
5、cmarkets.TheacquisitionwillbringaboutsynergiesandopportunitiestoenhanceYellowPagesportfolioofproductsandservicestobetterservetheneedsofourcustomers.”Page1of3INSIShasahistoryofnearly20yearsinthepublishingindustryandcurrentlyproduces14directorytitlesinvariousindustries,andonemagazine.INSIShasawid
6、edistributionnetworkforitsdirectoriesspanningvariousIEoffices,tradeassociationsandchambers,tradefairsandexhibitionsaroundtheworld.ThisglobaldistributionmaximisestheexposureoftheSingaporecompanieslistedinINSIS’varioustradedirectories.BesidesitscapabilitiesinB2Btradedirectorypublishing,INSISalsor
7、unsanonlineportal(www.insis.com)engagedinbusinessmatchingservices,andactsasamarketingagentforoverseasexhibitionorganisers.SaidMrChongLitCheong,ChiefExecutiveOfficerofIESingapore,"ThedivestmentofINSISisinlinewiththeSingaporeGovernm