Bluehill ID AG
BLUEHILL ID COMPLETES ACQUISITION OF ASSETS OF SYSCAN INTERNATIONAL
Bluehill ID AG / Acquisition Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- BLUEHILL ID COMPLETES ACQUISITION OF ASSETS OF SYSCAN INTERNATIONAL Montréal & St. Gallen, 19 February, 2009 - Bluehill ID AG announced today that it has completed the acquisition of all of the assets of Canadian animal ID and tracking company Syscan International. Bluehill ID thus enters the animal ID market and expands its North America presence. Syscan ID Inc. (www.syscan-id.com), a wholly owned subsidiary of Bluehill ID based Montréal, Canada completed the acquisition. All of the former Syscan International employees and products have been transfer to the new company and Syscan ID is already in full operation. Commenting on the acquisition, Mark Haugwitz, Managing Director of Syscan ID stated: 'We are pleased to have completed this transaction successfully and are now looking forward to expanding our business in our traditional tracking, animal ID and other electronic identification markets as part of the Bluehill ID Group.' Ayman S. Ashour, the Bluehill ID CEO added: 'Syscan adds important customer relationships, technology and market expertise to our Group, we are happy to have Mark and his team join Bluehill ID. We are also pleased that Joe Tassone, the former CEO of Syscan International has agreed to join us for an interim period to facilitate the smooth transition into Bluehill ID and to minimize disruption to customer service.' About Syscan ID Syscan ID (www.syscan-id.com) is a unique animal ID and supply chain solution provider that delivers integrated tracking systems to improve business efficiency through Radio Frequency Identification (RFID). Its solutions include animal traceability and asset management. Syscan ID is based in Montréal, Canada. About Bluehill ID AG Bluehill ID AG (www.bluehill-id.com) is an international operating company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ). Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies. These technologies are used in the fields of security, identification, tracking and further growing applications. The business model of the company is based on combining disciplined acquisitive growth with sustainable organic growth from portfolio companies. Contact Syscan ID - Mark Haugwitz - Tel: +1 51 46 85 77 78 - eMail: mhaugwitz@syscan-id.com Bluehill ID AG - Fabien B Nestmann - Tel: +41 44 78 38 043 - eMail: fbn@bluehill-id.com 19.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bluehill ID AG Dufourstr. 121 CH-9001 St. Gallen Schweiz Phone: +41 44 783 8043 Fax: +41 44 783 8040 E-mail: contact@bluehill-id.com Internet: www.bluehill-id.com ISIN: CH0031958629, CH0038439490 WKN: A0MUR7 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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