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ENVOY EMBARKS ON ACQUISITION PLAN

Envoy Communications Group plans to conduct a series of acquisitions and investments in the international design, consulting and the retail sectors. According to the company, Envoy has raised approximately $50 million in cash for this purpose. The Toronto-based company has reportedly met with 20 companies from those industries and is now in "advanced talks" with six. The firm intends to complete its acquisition program by September 2005.

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