Copernic Inc. rises, expands distribution network
Shares of Copernic Inc. (Nasdaq: CNIC) are higher following news after the close on Monday that the search technology provider is expanding its retail presence by partnering with software reseller WinCorp Software, Inc.
The Canadian company, which handles over one billion search requests per month and delivers its search technology through online properties such as www.mamma.com and www.copernic.com, will now make its software available through WinCorp’s online store. Copernic is hoping the move will result in higher sales.
“Copernic is proud to be aligned with WinCorp’s Virtual Software Store," said president and CEO Martin Bouchard in a statement. “The expansion of our retail network is another move in our overall growth strategy.”
The company’s technology is used for both Web searches and computer queries.
At 12:49 p.m. ET, shares of Copernic Inc. (CNIC) were up $0.58, or 19%, to $3.62. The 52-week high of $8.60 was reached on Dec. 21, 2006. The 52-week low of $1.10 was touched on Oct. 2, 2006.
About the Author
Reporter Alex Alexandrov is based in SmallCapInvestor.com's Washington, D.C. bureau.
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