FinancialContent is the trusted provider of stock market information to the media industry.
Cinram Receives Notice of Non-Renewal
TORONTO, May 1, 2012 /PRNewswire/ - Cinram International Income Fund (TSX: CRW.UN) announced today that it has received written notice from a non-core customer who has decided not to extend the fulfillment services currently provided by Cinram beyond the current term, which expires June 15, 2013.
Cinram has provided distribution and related services to this customer since 2008. Revenues from this business for the year ended December 31, 2011 represented approximately 6% of the total consolidated revenues of Cinram International Inc.
Commented Steve Brown, CEO, "While we are disappointed with the decision by this customer to end our 5 year relationship as their service provider of distribution services, we will nevertheless be working closely with them to ensure an orderly transition to a new provider of the services and ensuring that all affected employees and other stakeholders are given the absolute greatest consideration during this process."
SOURCE Cinram International Income Fund
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here