BNET Industries
Market Cap:$1.2B
Last Fiscal Year Sales:$17.2M
- Public
- CA
Dow Jones Description
Web & Networking Management & Consulting Solutions
Number of Employees 516
Contact Information
155 Commerce Valley Drive East
Thornhill, Ontario L3T 7T2
(905) 881-4414
Peer Companies
NAICS Code Computer Systems Design Services: 541512
News & Analysis
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momentum advanced solutions inc. - All News and Analysis
Wolverine World Wide, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Mitch Kummetz – Robert Baird Mitch Kummetz – Robert Baird Let me start with the backlog, you mentioned down mid single digits at the end of the third quarter but up solidly for Q1 up even more then that for...
Momentum Closes Going-Private Transaction
Momentum Advanced Solutions Inc. (TSX: WWW), ("Momentum" or the "Company"), announced today that it has closed its previously announced arrangement whereby companies controlled by Sheldon Pollack and Phillip De Leon, the Chief Executive Officer and President, respectively, of Momentum, have acquired all of the common shares of Momentum...
Momentum Closes Going-Private Transaction.
MARKHAM, ONTARIO, May 1, 2009 Marketwire via COMTEX -- Momentum Advanced Solutions Inc. (TSX:WWW), ("Momentum" or the "Company"), announced today that it has closed its previously announced arrangement whereby companies controlled by Sheldon Pollack and Phillip De Leon, the Chief Executive Officer and President,...
Momentum Shareholders Approve Going-Private Transaction
Momentum Advanced Solutions Inc. (TSX: WWW), ("Momentum" or the "Company"), announced today that Momentum's shareholders have approved by special resolution, the previously announced arrangement whereby companies controlled by Sheldon Pollack and Phillip De Leon, the Chief Executive Officer and President, respectively, of Momentum, will acquire all of the...
Momentum Shareholders Approve Going-Private Transaction.
MARKHAM, ONTARIO, Apr 29, 2009 Marketwire via COMTEX -- Momentum Advanced Solutions Inc. (TSX:WWW), ("Momentum" or the "Company"), announced today that Momentum's shareholders have approved by special resolution, the previously announced arrangement whereby companies controlled by Sheldon Pollack and Phillip De Leon, the...
Momentum Announces Correction to Information Circular
Momentum Advanced Solutions Inc. (TSX: WWW), ("Momentum" or the "Company"), announced today that it has come to its attention that four pages of the English commercial print copy of the information circular (the "Circular") prepared and mailed to shareholders of the Company in connection with a special meeting...
Momentum Announces Correction to Information Circular.(Correction notice)
MARKHAM, ONTARIO, Apr 21, 2009 Marketwire via COMTEX -- Momentum Advanced Solutions Inc. (TSX:WWW), ("Momentum" or the "Company"), announced today that it has come to its attention that four pages of the English commercial print copy of the information circular (the "Circular") prepared and...
Momentum Receives Revised Expression of Interest
Momentum Advanced Solutions Inc. (TSX: WWW), ("Momentum" or the "Company"), announced today that it had received a revised non-binding expression of interest from a company controlled by Sheldon Pollack and Phillip DeLeon, the Chief Executive Officer and President, respectively, of Momentum, with respect to the possible privatization of Momentum. The...
IIROC: Halt; Momentum Advanced Solutions Inc.
TORONTO, ONTARIO, Mar 13, 2009 Marketwire via COMTEX -- Company / Compagnie Momentum Advanced Solutions Inc. Reason / Motif Pending News Halt Time ET / Heure de...
Momentum Receives Revised Expression of Interest.
MARKHAM, ONTARIO, Mar 13, 2009 Marketwire via COMTEX -- Momentum Advanced Solutions Inc. (TSX:WWW), ("Momentum" or the "Company"), announced today that it had received a revised non-binding expression of interest from a company controlled by Sheldon Pollack and Phillip DeLeon, the Chief Executive Officer...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Sheldon M. Pollack | CEO |
| Daren Selfe | Chief Financial Officer |
| Jill C. Schatz | General Counsel, Secretary & Vice President |
| Robert De Korte | Vice President, Business Dev & Web Prof Services & General Manager, Interactive |
| Terry Whiffing | Vice President, Managed Service Operations |
| Ed W. Vos | Executive Vice President and General Manager, Enterprise Solutions and Services |
| Lasse I. Silegren | Senior Vice President & General Manager, Web Solutions & Services |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Kamil Khan | Chair of Board |
| Andrew Wnek | Board of Directors |
| Donald Woodley | Board of Directors |
| Gary Steinhart | Board of Directors |
| Henry C. Eeaton | Board of Directors |
| Michael Cannata | Board of Directors |
| Phil Deleon | Board of Directors |
Sheldon along with Phil DeLeon incorporated OnX Enterprise Solutions Limited in 2006 after the company was spun-off Momentum Advanced Solutions Inc, a company which the two had founded in 1983. Since 1983, Sheldon has spearheaded the development and growth of Momentum from a broker of mid-range systems in the early eighties into one of Canada's leading end-to-end mission critical e-business solutions providers to government and business. Sheldon's ability to identify emerging trends in the strategic application of information technology led him, in 1993, to begin to diversify the company's portfolio of offerings to include Internet solution development. In 1996 Sheldon established Onyx Interactive to provide total ebusiness solutions to its growing roster of clients. In 1997 Momentum entered the managed services market by building its first tier-1 data centre with Sheldon jointly at the helm. Sheldon attended the University of Western Ontario. Sheldon was highlighted as one of Canada's Top Entrepreneurs in Alan Gould's book "The New Entrepreneurs; 80 Canadian Success Stories" In 2000, Sheldon was named as finalist for the Canadian Entrepreneur of the Year awarded by Ernst & Young. Sheldon currently serves on the Board of Directors of Momentum Advanced Solutions Inc and OnX Enterprise Solutions Limited.
| Organization | Position | Status |
|---|---|---|
| Onyx ™ O/A Onyx Computers Incorporated | Chief Executive Officer | Current |
| Blue Spark | CEO & Director | Current |
| Momentum Advanced Solutions Inc. | CEO | Current |
| Momentum Advanced Solutions Inc. | Board of Directors | Current |
| Onyx ™ O/A Onyx Computers Incorporated | Director | Current |
| The University of Western Ontario | Former |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Chief Financial Officer | Current |
| Onyx ™ O/A Onyx Computers Incorporated | Chief Financial Officer | Current |
| Blue Spark | Current | |
| ClubLink Corporation | Vice President of Finance | Former |
| Wilfrid Laurier University | Bachelor of Business Administration Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | General Counsel, Secretary & Vice President | Current |
| TransCanada Corp. | Former |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Vice President, Business Dev & Web Prof Services & General Manager, Interactive | Current |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Vice President, Managed Service Operations | Current |
As Executive Vice President and General Manager, Ed Vos has overall responsibility for the growth, innovation and service excellence of OnX's technology infrastructure solutions. Ed's passion for excellence and proven results oriented approach will strengthen partner relationships and enhance the overall client experience. Ed is an engaging leader who creates a culture for high performance teams that deliver superior performance. Ed brings over 20 years of experience in the IT industry as co-founder of one of the largest national solution providers in Canada. His dedication is also focused on youth development programs, particularly Junior Achievement. Ed holds a bachelor of Business Administration degree from GMI Engineering and Management Institute in Flint, Michigan.
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Executive Vice President and General Manager, Enterprise Solutions and Services | Current |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Senior Vice President & General Manager, Web Solutions & Services | Current |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Chair of Board | Current |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Board of Directors | Current |
Donald P. Woodley is the President of The Fifth Line Enterprise, a privately held company providing strategic advisory services and executive coaching to the Canadian IT industry. He also currently serves on the Board of Directors of Gennum Corporation, DataMirror Corporation, Canada Post Corporation and., Steam Whistle Brewing Inc. and is a past director of Onx Enterprise Solutions Inc., Delano Technology and Star Data Systems. Don is a past Chair of the Board of Governors of ITAC (Information Technology Association of Canada) a past Chair of the Board of Governors of The Stratford Festival of Canada, and a member of the Board of Directors of The Hospital for Sick Children Foundation. He holds a Bachelor of Commerce from University of Saskatchewan and an MBA from the Richard Ivey School of Business at the University of Western Ontario. Don currently serves as a member of the TELUS Corporate Governance Committee and is Chair of the TELUS Pension Committee
| Organization | Position | Status |
|---|---|---|
| DataMirror Corporation | President of the Fifth Line Enterprise | Current |
| Envelope Alliance | Current | |
| DataMirror Corporation | Board of Directors | Current |
| Momentum Advanced Solutions Inc. | Board of Directors | Current |
| TELUS Corporation | Board of Directors | Current |
| Gennum Corporation | Interim President & CEO | Former |
| Gennum Corporation | Interim President | Former |
| Itac | Chair | Former |
| Gennum Corporation | Board of Directors | Former |
| Richard Ivey School of Business, The University of Western Ontario | MBA | Former |
| University of Saskatchewan | Bachelor of Commerce degree | Former |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Momentum Advanced Solutions Inc. | Board of Directors | Current |
Phil along with Sheldon Pollack incorporated OnX Enterprise Solutions Limited in 2006 after the company was spun-off Momentum Advanced Solutions Inc, a company which the two had founded in 1983. Since 1983, Phil has managed the growth of Momentum from a broker of mid-range systems to a provider of enterprise class systems, applications and professional integration that returned true value and competitive advantage to the company's clients. Phil, working with co-founder Sheldon Pollack, diversified the company's portfolio of offerings to include Internet solution development in early 1993. In 1996, Momentum established an interactive division to provide total ebusiness solutions to its growing roster of clients. In 1997 Momentum entered the managed services market by building its first tier-1 data centre with Phil jointly at the helm. Phil attended the University of Toronto and was highlighted as one of Canada's Top Entrepreneurs in Alan Gould's book "The New Entrepreneurs; 80 Canadian Success Stories." In 2000, Phil was named as finalist for the Canadian Entrepreneur of the Year awarded by Ernst & Young. Phil currently serves on the Board of Directors of Momentum Advanced Solutions Inc, OnX Enterprise Solutions Limited and Franchise Services of North America Inc..
| Organization | Position | Status |
|---|---|---|
| Onyx ™ O/A Onyx Computers Incorporated | President | Current |
| Blue Spark | President & Director | Current |
| Momentum Advanced Solutions Inc. | Board of Directors | Current |
| Onyx ™ O/A Onyx Computers Incorporated | Director | Current |
| University of Toronto | Former |
| Volume | 284,089 |
| Shares Outstanding | 49.5M |
| Market Cap | 1.2B |
| Year High | 28.31 |
| Year Low | 13.15 |
| Earnings Per Share | 1.40 |
| P/E Ratio | 18.6214 |
| Dividend | 0.44 |
| Yield | 1.6878 |
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