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Curve Equity Exposed Fund (AXcess News) Toronto - Canadian entrepreneaur Allen Karp has joined the board of Toronto-based Tucows Inc. (TSX: TC, AMEX: TCX) and will serve on the Internet services and software distributor's audit committee.
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Equity Income Funds "Mr. Karp's global business acumen and strategic insight are a valuable addition to the Board as Tucows continues to grow and mature as a public company," said Elliot Noss, Chief Executive Officer of Tucows. "We look forward to his guidance and counsel as we continue to execute our strategy to build upon our position in the wholesale domain market by adding services that address high growth segments of the Internet."
is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.
Capital Casebook Equity Mr. Karp joined Cineplex Odeon Corporation in 1986 as Senior Executive Vice President, became President and C.E.O. in 1990, served as C.E.O. until 2002 and was Chairman until 2004. Prior to joining Cineplex Odeon, Mr. Karp was a partner in the law firm of Goodman and Carr LLP. Mr. Karp currently serves as a director for several companies, including IBI Group, Royal Lepage Franchise Services Fund, Teknion Corporation, Alliance Atlantis Communications Inc. and is Chair of the Toronto International Film Festival Group.
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Private Investment In Public While Tucows is a profitable company, it has too many shares outstanding, as Motley Fool's Rick Munarriz said. But to find a new direction takes new blood on the board and Karp may be just the man for the job, though Noss gave no indication of what would be in store for investors in the near future.
Viridian, the holding company for Northern Ireland's electricity, is in talks over a .62billion bid by Bahraini private equity firm Arcapita Bank.
Equity Mutual Funds Tucows shares closed at $0.96, up 3 cents or 2.2 percent.
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