(COMTEX) B: Semper Resources Corporation Announces Strong Order Activ
B: Semper Resources Corporation Announces Strong Order Activity for Nicholson
Acquisition
LOS ANGELES, Aug 30, 2000 (BUSINESS WIRE) -- Semper Resources Corporation
(OTCBB:SRCR) (www.semperresources.com) today announced that substantial progress
has been made toward finalizing the acquisition of MCE Technologies Inc. and the
assets of Nicholson Machinery (www.nicholsonmfg.com)
MCE Technologies Inc. (MCE) management recently disclosed to Semper that it has
been successful in staffing the Nicholson facility with full operations
commencing September 1, 2000.
MCE will open with a $2,000,000 backlog, $2,100,000 of new orders and
anticipates additional orders during the month of September in the range of
$8,000,000. In addition MCE expects to be awarded an ongoing high-end part
supply order with an estimated annual value of $4,000,000. Synergistic efforts
with other companies entering the Semper portfolio are expected to add strongly
to building orders and backlog.
"Central to Semper's strategy is the ability to leverage acquisitions through
synergy and internal management and employee incentives," stated Galen Loven,
CEO of Semper Resources. "MCE Technologies Inc. has launched a compelling
program of growth and technology development. Announcements such as these by
companies who are willing to bring their resources to Semper are indicative of
both synergy and internal growth capacities of our roll up model. We anticipate
that the pace of our growth will accelerate during the next year or two as we
continue to expand the breadth and depth of our company and its presence as a
complete `design-to-build' environmental services company."
Safe Harbor Statement
Some paragraphs of this news release, particularly those describing Semper
Resources' strategies, sales, operating expense reductions and business plans,
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1993, as amended, and Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, amended. While Semper
Resources is working to achieve those goals, actual results could differ
materially from those projected in the forward-looking statements as a result of
a number of factors, including difficulties in marketing its products and
services, need for capital, competition from other companies and other factors,
any of which could have an adverse effect on the business plans of the
subsidiary companies of Semper, the plans of Semper itself, its reputation in
the industry, or its expected financial return from operations. Factors such as
these could have an adverse effect on Semper's results from operations. In light
of significant uncertainties inherent in forward-looking statements included
herein, the inclusion of such information should not be regarded as a
representation by Semper Resources Corporation, and its subsidiaries, that it
will be achieved.
CONTACT: Semper Resources Corporation
G. Loven, 509/535-4514
gdl@semperresources.com
or
Brokers' Choice
L. Johnson, 509/624-1523
ir@semperresources.com
or
Wall Street Financial Enterprises
D. Wilson, 407/672-4848
dmw1258@mail.com
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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BUILDING/CONSTRUCTION
ENVIRONMENT
MANUFACTURING
MERGERS/ACQ
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