ENVOY LOOKING TO GROW
By Adnews Staff
Toronto-based Envoy Communications Group is talking to six companies as part of an ambitious growth strategy, an article in yesterday's National Post reports. The marketing and communications company said it is in take over talks with six different companies in Britain, Germany and the U.S. west coast. Envoy said it is looking to double its annual revenues over the next year from $50 million to $100 million. Geoff Genovese, president and chief executive officer of Envoy Communications said in the article "we have been going after young aggressive companies which do not want to sell to international ad giants such as Interpublic Group of Companies and Omnicom Group. Genovese said he expects to make an acquisition announcement within the next two months.