Tucows Inc. News

Tucows Updates Details Related to Normal Course Issuer Bid

Tucows — Mon, 01 Mar 2010 15:30:12 +0000

TORONTO, March 1 – Tucows Inc. (NYSE AMEX: TCX, TSX:TC) today updated certain details related to its previously announced normal course issuer bid.

As previously announced on February 16, 2010, Tucows’ Board of Directors approved a stock buyback program to repurchase up to $10 million of Tucows common stock. Tucows has the option to repurchase its shares of common stock either through the facilities of the NYSE AMEX or TSX Stock Exchange.

On February 23, 2010, Lacuna Ventures GP LLLP and Rawleigh Hazen Ralls IV, insiders of the Company, filed Form 4’s on EDGAR announcing that they had sold a portion of their holdings in Tucows in the open market.

In the press release of February 16, 2010 Tucows included a statement that it does not intend to purchase its shares from its management team or other insiders.

Although it is still Tucows’ intent not to purchase shares from its management team or other insiders, sales by such persons through the facilities of NYSE AMEX or the TSX may occur if the circumstances of any such person or entity changes or any such person or entity makes a decision unrelated to these normal course purchases. The benefits to any such person or entity whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased by Tucows in connection with the normal course issuer bid.

OTHER THAN AS REFERENCED ABOVE, NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over 9 million domain names and millions of email boxes through a reseller network of over 10,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. YummyNames owns premium domain names that generate revenue through advertising or resale. Butterscotch.com is an online video network building on the foundation of Tucows.com. More information can be found at http://tucowsinc.com.

This news release contains, in addition to historical information, forward-looking statements related to such matters as the timing and total number of shares to be purchased under the proposed buyback program, Tucows’ use of block purchases and Tucows’ intent not to purchase shares from its management team or other insiders. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document and, except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com

Tucows Updates Details Related to Normal Course Issuer Bid Through TSX

Tucows — Wed, 24 Feb 2010 12:00:57 +0000

TORONTO, Feb. 24 – Tucows Inc. (NYSE AMEX: TCX, TSX:TC) today updated certain details related to its previously announced normal course issuer bid through the facilities of the TSX.

TSX has accepted a notice filed by Tucows of its intention to renew its normal course issuer bid commencing February 26, 2010 and ending February 25, 2011, to repurchase up to 3,854,000 (previously 3,748,000) shares of its common stock, which amount represents approximately 10% of the public float of Tucows.

As previously announced on February 16, 2010, Tucows’ Board of Directors approved a stock buyback program to repurchase up to $10 million of Tucows common stock. Tucows has the option to repurchase its shares of common stock either through the facilities of the TSX or the NYSE AMEX Stock Exchange.

For purposes of any repurchases made on the TSX, Tucows may only purchase up to a maximum of 1,890 shares in any daily trading session, which number represents 25% of the average daily trading volume on the TSX over the six month period ending January 31, 2010, unless the block purchase exception is relied upon. As of February 16, 2010 there were 60,726,783 common shares outstanding. All shares purchased by Tucows under the normal course issuer bid will be cancelled.

The timing and exact number of common shares purchased will be at Tucows’ discretion and will depend on available cash and market conditions. Tucows may suspend or discontinue the repurchases at any time, including in the event Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders.

During Tucows’ previous normal course issuer bid, which ended May 11, 2009, Tucows repurchased 849,760 common shares at a weighted average price of $0.32 per share. Based on market conditions, as well as Tucows’ preference to repurchase shares via its modified Dutch auction tender offer that was in effect for a portion of this normal course issuer bid, Tucows made no repurchases of common shares under this normal course issuer bid during the 12-month period ended February 22, 2010. During that same 12-month period ended February 22, 2010, Tucows purchased 12.4 million common shares via four separate modified Dutch auction tender offers, one of which occurred during the term of the previous normal course issuer bid.

OTHER THAN AS REFERENCED ABOVE, NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

About Tucows

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com

Tucows Inc. reports financial results for the fourth quarter of 2009

Tucows — Tue, 16 Feb 2010 21:40:35 +0000

TORONTO, Feb. 16 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a global provider of domain names, email and other Internet services, today reported its financial results for the fourth quarter and the year ended December 31, 2009. All figures are in U.S. dollars.

                          Summary Financial Results
         (Numbers in Thousands of US Dollars, Except Per Share Data)

    -------------------------------------------------------------------------
                             3 Months     3 Months    12 Months    12 Months
                                Ended        Ended        Ended        Ended
                              Dec. 31,     Dec. 31,     Dec. 31,     Dec. 31,
                                 2009         2008         2009         2008
                           (unaudited)  (unaudited)  (unaudited)  (unaudited)
    -------------------------------------------------------------------------
    Net Revenue                20,330       19,159       80,939       78,468
    -------------------------------------------------------------------------
    Net Income (Loss)           1,746        1,019       12,241        2,075
    -------------------------------------------------------------------------
    Net Income (Loss)/Share      0.03         0.01         0.18         0.03
    -------------------------------------------------------------------------
    Cash Flow from
     Operations                 2,880         (229)       6,466        2,361
    -------------------------------------------------------------------------

         Summary of Revenue and Cost of Revenue before Network Costs
                     (Numbers in Thousands of US Dollars)

    -------------------------------------------------------------------------
                                    Revenue               Cost of Revenue
    -------------------------------------------------------------------------
                             3 Months     3 Months     3 Months     3 Months
                                Ended        Ended        Ended        Ended
                              Dec. 31,     Dec. 31,     Dec. 31,     Dec. 31,
                                 2009         2008         2009         2008
                           (unaudited)  (unaudited)  (unaudited)  (unaudited)
    -------------------------------------------------------------------------
    OpenSRS:
    -------------------------------------------------------------------------
    Domain Services
     (Traditional Domain
     Registration)             15,211       14,138       12,578       11,398
    -------------------------------------------------------------------------
    Email Services                799        1,122          110           95
    -------------------------------------------------------------------------
    Other Services              1,130        1,137          410          403
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Total OpenSRS Services     17,140       16,397       13,098       11,896
    -------------------------------------------------------------------------

    YummyNames (Domain
     Portfolio Services)        1,521          854          193          174
    -------------------------------------------------------------------------
    Hover (Retail Services)     1,208        1,436          443          571
    -------------------------------------------------------------------------
    Butterscotch (Content
     Services)                    461          472           12           14
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Total                      20,330       19,159       13,746       12,655
    -------------------------------------------------------------------------

“The fourth quarter saw the continued solid financial performance we delivered throughout 2009,” said Elliot Noss, President and CEO of Tucows. “The consistently strong performance of our OpenSRS wholesale business combined with the work we have undertaken to revitalize other parts of our business contributed to record revenue of $81 million amidst a very challenging economic environment. We are confident that 2010 will bring continued top-line growth complemented by continued operational efficiency.”

“At the same time, we remain committed to returning value to our shareholders. Over the last thirteen months we have repurchased more than 17% of Tucows’ outstanding shares.”

Net revenue for the fourth quarter of 2009 increased 6.1% to $20.3 million from $19.2 million for the fourth quarter of 2008.

Net income for the fourth quarter of 2009 was $1.7 million, or $0.03 per share, compared with $1.0 million, or $0.01 per share, for the fourth quarter of 2008. Net income for the fourth quarter of 2009 benefitted from a gain on foreign exchange of $0.5 million (inclusive of a mark-to-market gain of $0.3 million) compared to a loss on foreign exchange of $2.2 million (inclusive of a mark-to-market loss of $1.4 million) for the fourth quarter of 2008. Net income for the fourth quarter of 2009 also benefited from an income tax recovery of $0.5 million. Net income for the fourth quarter of 2008 included other income of $3.2 million generated by the sale of the Company’s equity position in Afilias.

Deferred revenue at the end of the fourth quarter of fiscal 2009 was $56.3 million, an increase of 4% from $54.2 million at the end of the fourth quarter of fiscal 2008 and a slight decrease from $56.5 million at the end of the third quarter of fiscal 2009.

Cash and cash equivalents at the end of the fourth quarter of fiscal 2009 were $9.6 million compared with $5.4 million at the end of the fourth quarter of fiscal 2008 and $8.2 million at the end of the third quarter of fiscal 2009. The increase in cash compared with the second quarter of 2009 is primarily the result of cash flow from operations for the fourth quarter of $2.9 million, which was partially offset by the repayment of $479,000 of the Company’s bank loan and the use of $534,000 for the repurchase of shares under the Company’s modified “Dutch auction” tender offer, which concluded in October 2009.

Conference Call

Tucows will host a conference call today, Tuesday, February 16, 2010 at 5:00 p.m. ET to discuss the Company’s fourth quarter fiscal 2009 results. To access the conference call via the Internet, go to http://tucowsinc.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-800-642-1687 and enter the pass code 53582860. The telephone replay will be available until Tuesday, February 23, 2010 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

This news release contains, in addition to historical information, forward-looking statements related to such matters as our business, including the price per share at which Tucows will purchase shares and the level of under subscription. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements. TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

                                 Tucows  Inc.
                         Consolidated Balance Sheets
                       (Dollar amounts in U.S. dollars)

                                                 December 31,    December 31,
                                                     2009            2008
                                                -------------- --------------
                                                  (unaudited)     (unaudited)

    Assets

    Current assets:
      Cash and cash equivalents                 $   9,632,394  $   5,427,467
      Accounts receivable                           2,822,045      3,200,362
      Prepaid expenses and deposits                 2,498,922      2,274,043
      Derivative instrument assets, current
       portion                                      2,107,825              -
      Prepaid domain name registry and
       ancillary services fees, current portion    31,596,236     29,212,610
      Deferred tax asset, current portion                   -        590,000
      Income taxes recoverable                        674,000              -
                                                -------------- --------------
        Total current assets                       49,331,422     40,704,482

    Derivative instrument assets, long-term
     portion                                           96,845              -
    Prepaid domain name registry and ancillary
     services fees, long-term portion              12,126,515     11,855,971
    Property and equipment                          1,986,768      3,072,958
    Deferred financing charges                         41,000         78,500
    Deferred tax asset, long-term portion           3,907,476      2,410,000
    Intangible assets                              18,656,353     20,206,996
    Goodwill                                       17,990,807     17,990,807
    Investment                                              -        200,000
                                                -------------- --------------
      Total assets                              $ 104,137,186  $  96,519,714
                                                -------------- --------------
                                                -------------- --------------

    Liabilities and Stockholders' Equity

    Current liabilities:
      Accounts payable                          $   1,547,863  $   1,633,830
      Accrued liabilities                           1,889,980      2,000,146
      Customer deposits                             3,624,317      3,319,241
      Derivative instrument liabilities                     -      1,974,919
      Loan payable, current portion                 3,220,125      2,624,242
      Deferred revenue, current portion            40,211,766     37,985,821
      Deferred tax liability, current portion         907,476              -
      Accreditation fees payable, current
       portion                                        530,656        510,548
                                                -------------- --------------
        Total current liabilities                  51,932,183     50,048,747

    Deferred revenue, long-term portion            16,098,812     16,201,804
    Accreditation fees payable, long-term
     portion                                          169,620        187,374
    Loan payable, long-term portion                         -      3,235,125
    Deferred tax liability, long-term portion       4,840,000      5,396,000

    Stockholders' equity:
      Preferred stock - no par value, 1,250,000
       shares authorized; none issued and
       outstanding                                          -              -
      Common stock - no par value, 250,000,000
       shares authorized; 67,068,253 shares
       issued and outstanding as of December 31,
       2009 and 73,073,782 shares issued and
       outstanding as of December 31, 2008         14,030,384     15,198,358
      Additional paid-in capital                   47,287,351     48,714,676
      Deficit                                     (30,221,164)   (42,462,370)
                                                -------------- --------------
        Total stockholders' equity                 31,096,571     21,450,664
                                                -------------- --------------
    Total liabilities and stockholders' equity  $ 104,137,186  $  96,519,714
                                                -------------- --------------
                                                -------------- --------------

                                 Tucows  Inc.
                    Consolidated Statements of Operations
                       (Dollar amounts in U.S. dollars)

                              Three months ended           Year ended
                                 December 31,              December 31,
                              2009         2008         2009         2008
                         ------------ ------------ -----------  ------------
                                 (unaudited)               (unaudited)

    Net revenues         $ 20,329,540 $ 19,159,149 $ 80,939,212 $ 78,467,880

    Cost of revenues:
      Cost of
       revenues(*)       14,993,792   13,819,760   57,936,106   54,614,036
      Depreciation of
       property and
       equipment              256,357      472,311    1,673,191    2,909,853
      Amortization of
       intangible assets       29,199       29,199      116,796      163,796
                         ------------ ------------ ------------ ------------
        Total cost of
         revenues          15,279,348   14,321,270   59,726,093   57,687,685
                         ------------ ------------ ------------ ------------

    Gross profit            5,050,192    4,837,879   21,213,119   20,780,195

    Expenses:
      Sales and
       marketing (*)      1,550,937    1,536,504    5,812,007    6,668,884
      Technical operations
       and development (*)1,128,879    1,505,596    4,550,704    6,172,428
      General and
       administrative (*)   950,749    2,003,748    5,558,921    6,809,601
      Depreciation of
       property and equipment  35,915       86,428      266,251      263,745
      Loss on disposition of
       property and equipment     524            -       40,893      498,529
      Amortization of
       intangible assets      360,540      360,540    1,442,160    1,483,195
      (Gain)/loss in fair
       value of forward
       exchange contracts    (277,195)   1,419,555   (4,179,589)   1,974,919
                         ------------ ------------ ------------ ------------
        Total expenses      3,750,349    6,912,371   13,491,347   23,871,301
                         ------------ ------------ ------------ ------------

    Income from operations  1,299,843   (2,074,492)   7,721,772   (3,091,106)

    Other income
     (expenses):
      Interest income
       (expense), net         (46,471)    (116,647)    (225,140)    (583,911)
      Other income                  -    3,239,950    4,493,190    5,870,960
                         ------------ ------------ ------------ ------------
        Total other income
         (expenses)           (46,471)   3,123,303    4,268,050    5,287,049
                         ------------ ------------ ------------ ------------

    Income before
     provision for income
     taxes                  1,253,372    1,048,811   11,989,822    2,195,943

    Income tax (recovery)
     expense                 (493,005)      30,000     (251,384)     121,134
                         ------------ ------------ ------------ ------------
    Net income for the
     period              $  1,746,377 $  1,018,811 $ 12,241,206 $  2,074,809
                         ------------ ------------ ------------ ------------
                         ------------ ------------ ------------ ------------

    Basic earnings
     (loss) per common
     share               $       0.03 $       0.01 $       0.18 $       0.03
                         ------------ ------------ ------------ ------------
                         ------------ ------------ ------------ ------------

    Shares used in
     computing basic
     earnings per common
     share                 67,076,782   73,559,276   69,145,001   73,817,347
                         ------------ ------------ ------------ ------------
                         ------------ ------------ ------------ ------------

    Diluted earnings
     (loss) per common
     share                $      0.03  $      0.01  $      0.17  $      0.03
                         ------------ ------------ ------------ ------------
                         ------------ ------------ ------------ ------------

    Shares used in
     computing diluted
     earnings per common
     share                 68,860,034   72,274,490   70,356,013   74,830,217
                         ------------ ------------ ------------ ------------
                         ------------ ------------ ------------ ------------

    (*) Stock-based
     compensation has
     been included in
     expenses as follows:
      Cost of revenues   $      3,730 $      5,100 $     15,957 $     19,700
      Sales and
       marketing         $     16,018 $     15,700 $     58,782 $     64,200
      Technical
       operations and
       development       $     15,186 $     10,900 $     49,302 $     52,700
      General and
       administrative    $     28,579 $     22,600 $    171,220 $    151,200

                                 Tucows  Inc.
                    Consolidated Statements of Cash Flows
                       (Dollar amounts in U.S. dollars)

                              Three months ended           Year ended
                                 December 31,              December 31,
                              2009         2008         2009         2008
                         ------------ ------------ -----------  ------------
                                 (unaudited)               (unaudited)

    Cash provided by
     (used in):
    Operating activities:
    Net income for the
     period              $  1,746,377 $  1,018,811 $ 12,241,206 $  2,074,809
    Items not involving
     cash:
      Depreciation of
       property and
       equipment              292,272      558,739    1,939,442    3,173,598
      Loss on disposition
       of property and
       equipment                  524            -       40,893      498,529
      Amortization of
       deferred financing
       charges                  8,300       11,300       37,500       49,700
      Amortization of
       intangible assets      389,739      389,739    1,558,956    1,646,991
      Reduction of
       deferred tax
       liability              (59,000)           -     (556,000)           -
      Gain on sale of
       customer relationships       -      (49,546)           -   (2,091,995)
      Disposal of domain
       names                    2,866        5,030        5,462        5,030
      Unrealized (gain)/loss
       in the fair value of
       forward contracts     (277,195)   1,419,555   (4,179,589)   1,974,919
      Stock-based
       compensation            63,513       54,300      295,261      287,800
      Gain on disposal of
       investment in Afilias        -   (3,090,404)  (3,890,395)  (3,090,404)
    Change in non-cash
     operating working
      capital:
      Accounts receivable   1,107,837      456,205      378,317      221,818
      Prepaid expenses and
       deposits               244,583      321,694     (224,879)     858,086
      Prepaid fees for
       domain name registry
       and ancillary
       services fees          (65,694)    (346,502)  (2,654,170)  (4,829,254)
      Income taxes
       receivable/payable    (674,000)           -     (674,000)           -
      Accounts payable        424,977     (557,655)    (172,583)    (789,425)
      Accrued liabilities       1,553     (420,176)    (110,166)  (1,288,941)
      Customer deposits      (140,003)     200,149      305,076       51,457
      Deferred revenue       (191,381)    (193,558)   2,122,953    3,574,397
      Accreditation fees
       payable                  4,811       (6,878)       2,354       33,487
                         ------------ ------------ ------------ ------------
    Net cash provided by
     (used in) operating
     activities             2,880,079     (229,197)   6,465,638    2,360,602
                         ------------ ------------ ------------ ------------

    Financing activities:
      Proceeds received on
       exercise of stock
       options                      -            -       25,422        9,450
      Repurchase of
       common stock          (534,467)    (272,444)  (2,915,981)    (272,444)
      Repayment of loan
       payable               (478,560)    (478,560)  (2,639,242)  (8,914,241)
                         ------------ ------------ ------------ ------------
      Net cash used in
       financing
       activities          (1,013,027)    (751,004)  (5,529,801)  (9,177,235)
                         ------------ ------------ ------------ ------------

    Investing activities:
      Cost of domain names
       acquired                (7,875)      (4,705)     (13,775)      (8,944)
      Additions to
       property and
       equipment             (381,238)    (191,140)    (807,530)  (2,113,904)
      Proceeds on
       disposition of
       property and
       equipment                    -            -            -       66,039
      Acquisition of
       Innerwise Inc.,
       net of cash acquired         -     (500,000)           -     (500,000)
      Proceeds on disposal
       of investment in Afilias     -    3,244,141    4,090,395    3,244,141
      Sale of customer
       relationships                -       49,546            -    2,392,660
      Decrease in cash
       held in escrow               -    1,088,793            -    1,070,632
                         ------------ ------------ ------------ ------------
      Net cash provided by
       (used in) investing
       activities            (389,113)   3,686,635    3,269,090    4,150,624
                         ------------ ------------ ------------ ------------

    Increase (decrease)
     in cash and cash
     equivalents            1,477,939    2,706,434    4,204,927   (2,666,009)

    Cash and cash
     equivalents,
     beginning of period    8,154,455    2,721,033    5,427,467    8,093,476
                         ------------ ------------ ------------ ------------
    Cash and cash
     equivalents, end of
     period              $  9,632,394 $  5,427,467 $  9,632,394 $  5,427,467
                         ------------ ------------ ------------ ------------
                         ------------ ------------ ------------ ------------

    Supplemental cash
     flow information:
      Interest paid      $     46,604 $    78,431  $   227,616  $    630,729

    Supplementary
     disclosure of
     non-cash investing
     activity:

      Property and
       equipment
       acquired during
       the period not
       yet paid for      $     93,594 $      6,979 $    93,594  $      6,979

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com.

Tucows Announces a $10 million Stock Buyback Program

Tucows — Tue, 16 Feb 2010 21:40:23 +0000

TORONTO, February 16, 2010 – Tucows Inc. (NYSE AMEX: TCX, TSX:TC) today announced that its Board of Directors has approved a stock buyback program to repurchase up to $10 million of Tucows common stock. Tucows has also filed a notice of intention with the Toronto Stock Exchange (“TSX”) to make a normal course issuer bid through the facilities of the TSX. Tucows will have the option to repurchase its shares of common stock either through the facilities of the TSX or the NYSE AMEX Stock Exchange.

The notice filed with the TSX provides that Tucows may, during the twelve-month period commencing February 19, 2010, repurchase up to 3,748,000 shares of its common stock, which amount represents approximately 10% of the public float of Tucows. For purposes of any repurchases made on the TSX, Tucows may only purchase up to a maximum of 1,890 shares in any daily trading session, which number represents 25% of the average daily trading volume on the TSX over the six month period ending January 31, 2010, unless the block purchase exception is relied upon. As of February 16, 2010 there were 60,738,683 common shares outstanding. All shares purchased by Tucows under the normal course issuer bid will be cancelled.

During Tucows’ previous stock buyback program, which ended on May 5, 2009, Tucows repurchased 849,760 common shares.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over 9 million domain names and millions of email boxes through a reseller network of over 9,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. YummyNames owns premium domain names that generate revenue through advertising or resale. Butterscotch.com is an online video network building on the foundation of Tucows.com. More information can be found at http://tucowsinc.com.

This news release contains, in addition to historical information, forward-looking statements related to such matters as the timing and total number of shares to be purchased under the proposed buyback program. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document and, except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com.

Tucows Fourth Quarter Investment Community Conference Call is Tuesday, February 16, 2010 AT 5:00 P.M. (ET)

Tucows — Fri, 29 Jan 2010 12:00:06 +0000

TORONTO, Jan. 29 /CNW/ – Tucows Inc. (NYSE AMEX: TCX, TSX: TC) plans to report its fourth quarter fiscal 2009 financial results via news release on Tuesday, February 16, 2010 at approximately 4:00 p.m. (ET). Tucows management will host a conference call the same day at 5:00 p.m. (ET) to discuss the results and the outlook for the company.

Participants can access the conference call via the Internet at http://tucowsinc.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately two hours following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-800-642-1687 and enter the pass code 53582860. The telephone replay will be available until Tuesday, February 23, 2010 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com

Tucows Inc. Announces Final Results of Dutch Auction Tender Offer

Tucows — Thu, 21 Jan 2010 13:30:04 +0000

TORONTO, Jan. 21 – Tucows Inc. (AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, announced today the final results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on January 13, 2010. Tucows will purchase 6,341,470 shares of its Common Stock at a purchase price of $0.70 per share, for a total of $4,439,029.00. Payment for shares accepted for purchase will be funded from existing working capital.

The 6,341,470 shares to be purchased are comprised of the 5,000,000 shares Tucows offered to purchase and 1,341,470 shares to be purchased pursuant to Tucows’ right to purchase up to an additional 2% of the shares outstanding immediately prior to the commencement of the tender offer. Due to over-subscription, the final proration factor for shares tendered at or below $0.70 per share is approximately 99.9%. For this purpose, shares tendered at $0.70 per share include shares tendered by those persons who indicated, in their letter of transmittal, that they are willing to accept the price determined in the offer. All shares purchased in the tender offer will receive the same price.

Payment for shares accepted for purchase, and the return of all other shares tendered but not accepted for payment, will be made promptly by StockTrans, Inc., the depositary for the tender offer.

As a result of the completion of the tender offer and immediately following payment of the tendered shares, Tucows will have approximately 60,630,764 shares issued and outstanding.

About Tucows

This news release contains, in addition to historical information, forward-looking statements related to such matters as our business, including the number of shares of common stock outstanding immediately following payment for the tendered shares. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com

Tucows Inc. Announces Preliminary Results of Dutch Tender Offer

Tucows — Thu, 14 Jan 2010 13:11:33 +0000

TORONTO, Jan. 14 – Tucows Inc. (AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on January 13, 2010. Tucows expects to purchase 6,341,607 shares of its Common Stock at a purchase price of $0.70 per share, for a total of $4,439,125. The 6,341,607 shares expected to be purchased are comprised of the 5,000,000 shares Tucows offered to purchase and 1,341,607 shares to be purchased pursuant to Tucows right to purchase up to an additional 2% of the shares outstanding immediately prior to the commencement of the tender offer.

Based on a preliminary count by StockTrans, Inc., 6,356,497 shares were properly tendered at prices at or below the purchase price, making the tender offer oversubscribed by 1,356,497 shares, or approximately 2%. Due to over-subscription, Tucows expects the final proration factor for shares tendered at or below $0.70 per share to be approximately 99.8%. For this purpose, shares tendered at or below $0.70 per share will include shares tendered by those persons who indicated, in their letter of transmittal, that they are willing to accept the price determined in the offer. All shares purchased in the tender offer will receive the same price.

The price per share is preliminary and subject to verification by StockTrans, Inc., the depositary for the tender offer. The actual price per share will be announced promptly following completion of the verification process. After the determination of the actual price per share, the depositary will issue payment for the shares accepted under the tender offer and return all shares not accepted.
Tucows commenced the tender offer on December 14, 2009, when it offered to purchase up to 5,000,000 shares of its Common Stock at a price within the range of $0.61 to $0.70 per share, net to the seller in cash, without interest.

As a result of the completion of the tender offer, Tucows expects to have approximately 60,739,000 shares issued and outstanding as of the time immediately following payment for the tendered shares.

About Tucows

This news release contains, in addition to historical information, forward-looking statements related to such matters as our business, including the proration rate and the level of over subscription. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com

Help Save MySQL

Elliot Noss — Wed, 06 Jan 2010 18:59:21 +0000

One of our core values at Tucows is that the Internet is the greatest agent for positive change the world has ever seen. And we strongly believe that open source tools are central to the continued growth and health of the Internet.

You may have heard that Oracle has acquired Sun, and along with it, MySQL, which is is a central building block in the suite of open source tools.

While MySQL holds that position in the world of open source software, it is not important to the Oracle acquisition of Sun. In fact, all of the most important reasons for Oracle doing the acquisition would still be in place if Sun had no role whatsoever with MySQL.

The “cost” to Oracle of freeing MySQL is very low. The benefit to the world is extremely high.

With that in mind, please consider lending your support to the campaign. We’ve added our support by signing the petition. The Save MySQL website has lots of information about why the community feels that MySQL is important, and what you can do to ensure it stays open and freely available to the entire Internet community.

Tucows Announces Commencement of Dutch Auction Tender Offer to Repurchase up to 5 Million Common Shares

Tucows — Mon, 14 Dec 2009 20:00:57 +0000

TORONTO, Dec. 14 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, announced today that it is commencing a modified “Dutch auction” tender offer to repurchase up to 5,000,000 shares of its common stock, representing approximately 7.5% of Tucows’ outstanding shares. The closing price of Tucows common stock on the NYSE Amex on December 11, 2009 was $0.65.

Under the tender offer, shareholders will have the opportunity to tender some or all of their shares at a price within the range of $0.61 to $0.70 per share. Based on the number of shares tendered and the prices specified by the tendering shareholders, Tucows will determine the lowest per share price within the range that will enable it to buy 5,000,000 shares, or such lesser number of shares that are properly tendered. If shareholders of more than 5,000,000 shares properly tender their shares at or below the determined price per share, Tucows will purchase shares tendered by such shareholders, at the determined price per share, on a pro rata basis. Additionally, if more than 5,000,000 shares are properly tendered, the number of shares to be repurchased by Tucows pursuant to the tender offer may, at the discretion of Tucows, be increased by up to 2% of Tucows’ outstanding shares, or approximately 1,341,000 shares, without amending or extending the tender offer.

The information agent for the offer is StockTrans, Inc. None of Tucows, its board of directors or the information agent is making any recommendation to stockholders as to whether to tender or refrain from tendering their shares into the tender offer. Shareholders must decide how many shares they will tender, if any, and the price within the stated range at which they will offer their shares for purchase by Tucows. Tucows’ board of directors and its executive officers do not intend to participate in this tender offer.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of Tucows’ common stock. The offer is being made solely by the offer to purchase and the related letter of transmittal. Stockholders and investors are urged to read Tucows’ tender offer statement on Schedule TO filed with the Securities and Exchange Commission in connection with the tender offer, which includes exhibits, the offer to purchase and the related letter of transmittal, as well as any amendments or supplements to the statement when they become available, because they contain important information. Each of these documents has been or will be filed with the Securities and Exchange Commission, and investors may obtain them for free from the Securities and Exchange Commission at its website (www.sec.gov) or from StockTrans, Inc., the information agent for the tender offer, by directing such request to: StockTrans, Inc., Attn: Re-Organization Dept., 44 West Lancaster Avenue, Ardmore, PA 19003, telephone (800) 733-1121.

About Tucows

This news release contains, in addition to historical information, forward-looking statements related to such matters as our business, including the timing and total number of shares to be purchased under the proposed tender offer. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Tucows as of the date of this document, and except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

For further information: Lawrence Chamberlain, The Equicom Group for Tucows Inc., (416) 815-0700 ext. 257, lchamberlain@equicomgroup.com

Tucows Announces Intention to Commence a Dutch Auction Tender Offer to Repurchase up to 5 Million Common Shares

Tucows — Wed, 09 Dec 2009 20:00:13 +0000

TORONTO, Dec. 9 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, announced today that it intends to commence a modified “Dutch auction” tender offer to repurchase up to 5,000,000 shares of its common stock, representing approximately 7.5% of Tucows’ outstanding shares. The tender offer is expected to commence on Monday, December 14, 2009 and to expire, unless extended, at 5:00 P.M., New York City Time, on Wednesday, January 13, 2010.

Under the tender offer, shareholders will have the opportunity to tender some or all of their shares at a price within the range of $0.61 to $0.70 per share, which price range may be modified by Tucows prior to the commencement of the offer. On December 8, 2009, the closing price of Tucows common stock on the NYSE Amex was $0.60. Based on the number of shares tendered and the prices specified by the tendering shareholders, Tucows will determine the lowest per share price within the range that will enable it to buy 5,000,000 shares, or such lesser number of shares that are properly tendered. If shareholders of more than 5,000,000 shares properly tender their shares at or below the determined price per share, Tucows will purchase shares tendered by such shareholders, at the determined price per share, on a pro rata basis. Additionally, if more than 5,000,000 shares are properly tendered, the number of shares to be repurchased by Tucows pursuant to the tender offer may, at the discretion of Tucows, be increased by up to 2% of Tucows’ outstanding shares, or approximately 1,341,000 shares, without amending or extending the tender offer.

Shareholders whose shares are purchased in the offer will be paid the determined purchase price per share net in cash, without interest, after the expiration of the offer period. The offer is not contingent upon any minimum number of shares being tendered. The offer is subject to a number of other terms and conditions specified in the offer to purchase that is being distributed to shareholders. The information agent for the offer will be StockTrans, Inc. None of Tucows, its board of directors or the information agent is or will be making any recommendation to stockholders as to whether to tender or refrain from tendering their shares into the tender offer. Shareholders must decide how many shares they will tender, if any, and the price within the stated range at which they will offer their shares for purchase by Tucows. Tucows’ board of directors and its executive officers do not intend to participate in this tender offer.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of Tucows’ common stock. The offer will be made solely by the offer to purchase and the related letter of transmittal. Stockholders and investors are urged to read Tucows’ tender offer statement on Schedule TO that will be filed with the Securities and Exchange Commission in connection with the tender offer, which includes exhibits, the offer to purchase and the related letter of transmittal, as available, because they contain important information. Each of these documents has been or will be filed with the Securities and Exchange Commission, and investors may obtain them for free from the Securities and Exchange Commission at its website (www.sec.gov) or from StockTrans, Inc., the information agent for the tender offer, by directing such request to: StockTrans, Inc., Attn: Re-Organization Dept., 44 West Lancaster Avenue, Ardmore, PA 19003, telephone (800) 733-1121.

About Tucows

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.