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Montreal-based BV! Media advertising network has decided to decline its offer to acquired NetWorldMedia, an email marketing ompany there were set to acquire a year ago. Instead the the company is looking to make an acquisition of an unnamed company according to a recent press release.
“After completing the review of the transaction and available financing terms, the board of directors of BV! Media decided that it is not in the best interests of the corporation to proceed with the acquisition at this time,” the company said in a news release in which it also announced its third-quarter results.
This move has helped BV! Media achieve profitability in the quarter ended September 30 and revenues doubling to $2.4 million from $1 million the same quarter in 2008.
Founder of Profectio of business sites which includes 
