NCC Selected To Sell UK Datacenter and Dedicated Hosting Firm

November 30 2009 - NCC today announced that it had been selected from a field of six international firms to represent a London based data center and dedicated hosting company in a sale mandated by the shareholders. The bid date for the sale is scheduled for December 31, 2009.

According to Tom Millitzer this is a winner take all sealed auction. Mr. Millitzer stated that "NCC has been engaged to conduct a 'No Stalking Horse' bid process." A "stalking horese" auction is where the highest bidding price is public ally announced to the bidders and they can then re-bid a higher amount, this can continue until the highest price is achieved.

The bid process in this sale will revolve around a minimum bid which is based on a third party valuation which will set the minimum bid. All bidders know the minimum bid. The bid with the highest price over the minimum bid will succeed.

NCC is in the process of preparing the memorandum and bid package which will outline the details of the company and the bid process. The firm anticipates it will take approximately two weeks to prepare the package which will leave only two weeks for prospective firms to review the information to determine there interest.

Mr. Millitzer indicated that the valuation placing the minimum bid will really determine the number of bids and interest. He also noted that this could be a very attractive acquisition to some firms.

In order to receive information regarding this acquisition contact Ms. Lisa O'Brien VP of Administration at NCC for a non-disclosure agreement. Qualified firms will then receive the detailed memorandum and bid package outlining this UK opportunity.

Contact Lisa O'Brien at 239-282-5550 NCC hours are 9 am to 6 PM EST USA -GMT.

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For additional information regarding this release contact Lisa O'Brien at 239-282-5550

NCC is a leading provides merger and acquisition service specialist int he the Internet industry including, Web Hosting, Data Center, Broadband,ISP and Wireless (WISP) firms. NCC International has successfully represented firms in the  US, Canada, Australia and the UK. Our buyer connections included the Europe, South America and Asia.