Toronto, Ontario – August 19, 2005. Tucows Inc. (TSX: TC, AMEX: TCX) is pleased to announce that it has completed the public offering of 22,225,000 shares of common stock at a price of US $0.90 per share. Of the 22,225,000 shares, the Company sold 401,173 shares and certain existing shareholders of Tucows sold 21,823,827 shares. Tucows did not receive any proceeds from the sale of the shares offered by the existing shareholders. The offering was underwritten by a syndicate led by Desjardins Securities Inc., which included BMO Nesbitt Burns Inc., CIBC World Markets Inc. and Clarus Securities Inc. Tucows has granted the underwriters a 30 day option to purchase up to an additional 2,889,250 shares of common stock to cover over allotments, if any, at a price of US $0.90 per share. The shares of common stock of the Company commence trading today on Toronto Stock Exchange under the symbol “TC” and trade on the American Stock Exchange under the symbol “TCX”.
About Tucows
Tucows Inc. provides Internet services and downloadable software through a global distribution network of more than 6,000 service providers. These service providers primarily consist of web hosting companies, Internet service providers and providers of other services over the Internet. Tucows’ services include domain registrations services, digital certificates, billing, provisioning and customer care software solutions, email and anti-spam services, Blogware and website building tools. Tucows is an accredited registrar with the Internet Corporation for Assigned names and Numbers, or ICANN, and generates revenue primarily through the provision of domain registration and other Internet services to service providers who offer such services to their own customers in a process known as wholesale distribution. For more information, please visit: www.tucowsinc.com
Contact:
Hilda Kelly
Investor Relations Resource
Tucows Inc.
416-538-5493
ir@tucows.com