Electric Mail Announces Closing of Sale to J2 Global and Management Changes.

0 Comments | M2 Presswire, March, 2004

M2 PRESSWIRE-22 March 2004-The Electric Mail Company Inc.: Electric Mail Announces Closing of Sale to J2 Global and Management Changes(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:03192004 Burnaby, British Columbia CANADA /FSC/ - The Electric Mail Company Inc. (ELE - TSX Venture), ("Electric Mail), a business email service provider and software developer, today announced closing of the sale of substantially all of the assets and operations of Electric Mail to a subsidiary of j2 Global Communications, Inc.

("j2 Global", NASDAQ: JCOM), as described in a press release dated January 22, 2004. j2 Global has paid to Electric Mail a purchase price of approximately CDN $7.0 million in cash or the equivalent of approximately CDN $0.49 per share. The Company will...

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