CLAIRVEST ANNOUNCES CLOSING OF DIVESTURE OF DATAMARK SYSTEMS GROUP
June 13, 2007 – Clairvest announced today it has completed the divesture of its holding of Datamark Systems Group.
Over the life of its investment in Datamark Systems Group, Clairvest invested $14.7 million and received gross cash proceeds of $25.6 million, including $6.4 million upon the sale of Clairvest’s 37% interest in Datamark. Clairvest also received 1,546,473 shares of the new combined entity of Datamark and Komunik Corporation, representing a 4.54% fully diluted interest in the combined entity.