Zondervan spokesperson Tara Powers stated, "Zondervan arrived at the decision to exit the Symtio business because we recognize there is a broader audience for Symtio and we are not as well-equipped as other digital content specialists to meet the rapidly changing needs of the market. We think retailers will be best served by putting this business into the hands of someone with the experience and know-how to take the foundation we’ve established, build on it and take it to a broader audience. A letter of intent has been signed to sell the online portion of the Symtio business which provides commerce and fulfillment services to retailers through a white label or store-branded platform. Assuming a successful completion of the deal, Symtio’s on-line digital business will be taken over by new ownership after June 25, 2010. At that time we will be in a position to identify the new owner. The in-store retail card business is not part of this transaction and, as a result, we are immediately suspending sales of the Symtio cards in stores. Symtio is currently in discussions to sell this portion of the business and we will keep you apprised of our progress. Zondervan and the new ownership will honor the redemption of all cards that have been sold for up to six months following the completion of the sale on June 25th. Retailers and publishing partners have been informed of this news."