UK Data Center Bidding Complete - Winner Notified

January 26, 2010  - NCC today announced that it had successfully completed the bidding process for the London based data center and dedicated UK hosting company. Due to confidentiality agreements the name of the winning bidder was not disclosed.

In late November NCC was selected from a field of six international merger and acquisition firms to conduct the sale as mandated by the shareholders. Two weeks after selection NCC prepared a comprehensive memorandum and bid package for this UK Hosting Company with annual revenues of £ 1,900,000 or ($3.1 million USD).

The minimum acceptable bid according to the shareholder agreements was based on an independent report prepared by a leading UK accounting firm and was to be an all cash transaction with a minimum bid of £1,600,000 (Approximately 2,520,000 USD / 1,830,000 EU).

NCC reported that almost three dozen firms from five countries showed interest in the transaction and that numerous bids were received.

Mr. Millitzer, president of NCC stated his thanks to the UK firm and all the international parties that expressed interest in this transaction.

For additional information regarding NCC or this release contact Ms. Lisa O'Brien VP NCC Administration at 239-282-5550 - 9-5 EST USA -5 GMT.