IPICO acquires Mercury Sports

On November 19, 2008, IPICO Inc. (TSX-V: RFD) announced that it had acquired a controlling interest in the business of Peoria, Illinois-based Mercury Sports Group, Inc. (operating as IPICO Sports). Mercury has been the exclusive distributor of IPICO's RFID sports timekeeping solutions since March of 2007.

IPICO Inc. is a Radio Frequency Identification (RFID) solution supplier with operations in Canada, USA, South Africa, Europe, Asia and Australia.

Allan Beach of Fasken Martineau advised IPICO in this transaction.