Sherbrook SBK Sport to Acquire T.O.P. Marketing USA
2011年6月6日 - 9:15PM
Marketwired
Sherbrook SBK Sport Corp (TSX VENTURE: SBK) announced today that it
has signed a letter of intent to acquire T.O.P. Marketing USA, a
sports licensing company.
According to the Letter of Intent, SBK will acquire 100% of Top
Marketing USA for $1,600,000, whereby $1,000,000 will be paid cash
and $600,000 will be paid with the issuance of shares of Sherbrook
SBK Sport Corp. The companies expect to sign a definitive agreement
to be entered into on or before June 30, 2011 and close the
transaction within the following 90 days. The transaction is
subject to regulatory approvals.
"We are happy to announce this first strategic acquisition in
the sports licensing division of our business" said Georges
Guilbault, President of Sherbrook SBK Sports Corp. "This
transaction will provide consolidated revenues in excess of $6.5
million and will contribute to tremendous synergies, including Jon
Hodgins joining our management team." Further added Mr.
Guilbault.
"We are also very happy with the transaction and the opportunity
to join such a dynamic team at the start of a great adventure in
the consolidation of the performance and licensing sports business"
said Jon Hodgins. "The foundation created by the transaction will
help propel and accelerate the growth of the business in many ways
including but not limited to our NHL licensing agreement." further
added Mr. Hodgins.
About Sherbrook SBK Sport Corp.
Sherbrook SBK Sport Corp. is a Canadian publicly traded company
specializing in the design, manufacturing and distribution of
sporting goods and apparels. The company's current main focus is on
the design, manufacturing and distribution of Hockey equipment
including a variety of sticks, skates and protective gear for both
players and goalie.
IMPORTANT INFORMATION
Important Information about Forward-Looking Statements in this
press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to the company or
its management, identify forward-looking statements. These
statements are based on current expectations, estimates and
projections about the company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above. In
addition, such statements could be affected by risks and
uncertainties related to the exploration for and development of
mineralized material, product demand, market and customer
acceptance, competition, pricing and development difficulties, as
well as general industry and market conditions and growth rates and
general economic conditions. Any forward-looking statements speak
only as of the date on which they are made, and the company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
release. Information on the Company's website does not constitute a
part of this release.
Contacts: Sherbrook SBK Sport Corp. Georges Guilbault President
819-791-2066 gguilbault@sbkhockey.com www.sbkhockey.com Hilbroy
Advisory Inc. Jean-Francois Amyot, President 514-334-3131
info@hilbroyadvisory.com www.hilbroyadvisory.com Consultant:
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