04/04/2006 - 22:00

$8m paper deal for ComputerCORP

04/04/2006 - 22:00

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$8m paper deal for ComputerCORP

HIGH profile accountant Domenic Martino has emerged at the helm of a mystery buyer for Perth-based IT services company ComputerCORP Pty Ltd in a deal worth more than $8 million on paper. Mr Martino is to chair West Perth-based ComputerCORP in a plan to backdoor list through an ASX shell company Etick Ltd, which will change its name as part of a deal, which offers the national IT player’s vendors $4.9 million in cash, 14 million Etick shares issued at 25 cents each and 2 million options exercisable at 20 cents each. ComputerCORP is majority owned by Hugh Smith with 60 per cent, with co-owners Rod Durston holding 30 per cent and Michael Rickers holding 10 per cent. Perth lawyer Kevin Dundo and investment banker Paul Page, who is already a director of Elink, will join Mr Martino on the ComputerCORP board.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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