MONTREAL, QUEBEC–(Marketwired – June 2, 2014) – AtmanCo Inc. (« AtmanCo » or the « Company ») (TSX VENTURE:ATW), leader and innovator in psychometric tests’ web solutions for recruitment and organizational development announces that on May 30th, they have closed the sale of the assets from the cyberhealth division, specialized in solutions of posture and fitness, as announced February 20th 2014. The sale was made in the amount of $610 000 in cash.
“Since the cyberhealth domain doesn’t reflect our company’s core business, we are selling the assets in order to properly execute our strategic growth plan. The amounts received for this transaction will be invested in the development and commercialization of AtmanCo” said Michel Guay, President and CEO at AtmanCo.
The parties involved in the transaction, which are at arm’s length, are AtmanCo Inc. and 9295-5905 Quebec Inc., a company owned by Sylvain Guimond, The cyberhealth division became a part of AtmanCo following the reverse takeover completed in 2012.
ATMANCO’S PROFILE
Field of human resources
Using a management interface (Web platform) that is among the most advanced, AtmanCo helps executives and managers recruit qualified human resources by placing the right person in the right position.
By quickly obtaining results of psychometric tests, comparing profiles to job norms and generating complementarity reports, managers are equipped throughout their human resources processes.
The Company stands out in its marketing approach via its Website, direct sales and partner network. For further information, visit www.atmanco.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
Michel Guay
President and CEO
514.935.5959 ext 301
AtmanCo inc.
Edith Bourgeois
CFO
514.935.5959 ext 304
www.atmanco.com
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