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| What is the reason for changing the name to ModusLink Global Solutions? The acquisition of Modus Media began our successful transition from an Internet operating and development company into a focused provider of supply chain business process management solutions. ModusLink Corporation has been the cornerstone of that business and the ModusLink brand is highly respected and recognized globally within this space. We see it as appropriate to affirm our commitment to this business and brand with the change of name to ModusLink Global Solutions. | ||
| What is the official new name of the company? The new name of the company is ModusLink Global Solutions, Inc. | ||
| Does ModusLink Corp. still exist? Yes, ModusLink Corporation remains unchanged. It is a wholly owned subsidiary of ModusLink Global Solutions. | ||
| How are the other subsidiaries, OCS and PTS affected by this name change? These companies will also continue to operate as wholly owned subsidiaries of ModusLink Global Solutions. As we continue to drive business and market synergies between the sister companies, we will see increased functional coordination and a more integrated go-to-market position. | ||
| What business/organizational changes will occur as part of the change? Our decision to change the name is a step in our ongoing strategy to position the company as a leader in the Supply Chain Business Process Management space. With the acquisitions of Open Channel Solutions and PTS Electronics, we are driving new business and market efficiencies across the Supply Chain, Aftermarket, e-Business and Entitlement Management solution areas. We expect to see additional functional synergies across the companies and continue to integrate the offerings to deliver a more compelling and differentiated market message. | ||
| What is the status of @Ventures? @Ventures continues to be part of ModusLink Global Solutions and plays an important role within the portfolio of treasury investments for the group. | ||
| Will the stock ticker change? Starting at market open on September 30, 2008 the stock will trade on NASDAQ under the new ticker symbol MLNK. | ||
| What is the web address for ModusLink Global Solutions? ModusLink Global Solutions website is available on www.moduslink.com. www.cmgi.com will redirect to www.moduslink.com. | ||
| Are there any plans to consolidate the subsidiaries? There are no current plans to consolidate the subsidiaries. We will continue to develop business and market synergies that reflect how the businesses complement each other within the supply chain business process management space. As part of this, we drive towards a more integrated go to market approach and external branding. |
