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  • Expiry of Arius3D Agreement to Acquire Masterfile

30th March 2012

Expiry of Arius3D Agreement to Acquire Masterfile

arius 3dArius3D Corp. and Masterfile Corporationannounced late yesterday that the proposed acquisition by Arius3D of

all of the issued and outstanding securities of Masterfile scheduled to close on March 31, 2012 will not close. The companies are now exploring alternative strategic options, which include a 3D image distribution agreement for Arius3D images by Masterfile. In addition to a distribution agreement, the two companies are evaluating various potential transactions that would further their mutual interests.

Perry Monych, CEO of Arius3D stated “Masterfile represents a unique opportunity for Arius3D and the strong management and financial performance of Masterfile over its history has reinforced our view that its existing image licensing business is a sound platform for Arius3D to work with to further our own 3D image distribution strategy. Arius3D continues to believe that a direct relationship with Masterfile is the optimal solution for both companies and every effort is being pursued to establish that relationship with the active support of Masterfile.”

This entry was posted on Friday, March 30th, 2012 at 5:04 am and is filed under Business News, National News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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