A "heads up".
There is a new company emerging that is closely aligned with Stericycle. Donald Sampson, who was with Stericycle for several years is the President and CEO. It looks to have huge potential. The company is Canglobe International (CGLO:OTCBB). I have included today's news release:
Canglobe Enters into Medical Waste Treatment Contract with Stericycle
2005-04-14 09:15 ET - News Release
EDMONTON, Alberta -- (Business Wire) -- April 14, 2005
Canglobe International Inc.'s (OTCBB:CGLO), President,
Mr. Donald Sampson, announces that the Company has entered into a two
year agreement (with a third year option) with Stericycle Inc.
(Nasdaq:SRCL) to treat the medical waste collected by Stericycle
throughout Western Canada. Stericycle is not only Western Canada's
largest medical waste collector; it is also one of the largest medical
waste treatment companies in the world.
As reported on April 11, 2005, Canglobe entered into an agreement
to acquire the medical waste treatment facility located in Beiseker,
Alberta. The Company will pay for the facilities by issuing 2,000,000
restricted common shares of Canglobe stock, and by paying CAD$2
million. Funding is being obtained by way of mortgage financing on the
Beiseker facilities.
Canglobe has commenced planning renovations of the Beiseker
facility which will increase productive capability by up to three
fold. Costs for the renovation are estimated to be approximately
CAD$1.25 million. In conjunction with this renovation, the Company has
also entered into an agreement with an affiliate of Mr. Donald Sampson
to provide the Company with equipment, to be used at he Beiseker
plant, valued at US$500,000 by issuing 800,000 restricted shares of
the Company's common stock The Company believes that the terms and
conditions of the equipment purchase are comparable, if not better
than, those which the Company could have negotiated with un-affiliated
third parties The Company expects that the renovations will be
completed within three months of the closing of the acquisition of the
Beiseker plant.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that plan for or anticipate
the future, called "forward-looking statements." In some cases, you
can identify forward looking statements by terminology such as "may,"
"will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of those terms and other comparable
terminology.
These forward-looking statements include statements about:
-- our market opportunity;
-- revenue generation;
-- our strategies;
-- competition;
-- expected activities and expenditures as we pursue our
business plan; and
-- the adequacy of our available cash resources.
These statements appear in a number of places in this press
release and include statements regarding our intent, belief or current
expectations, those of our directors or officers with respect to,
among other things: (i) trends affecting our financial condition or
results of operations, (ii) our business and growth strategies, (iii)
the Internet and Internet commerce and (iv) our financing plans.
Although we believe that the expectations reflected in the
forward-looking statement are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties, including but not limited to those discussed in the
Company's Annual Report on Form 10-K for the year ended December 31,
2004. Although the Company believes the assumptions underlying the
forward-looking statements contained herein are reasonable, there can
be no assurance that the forward-looking statements included in this
press release will prove to be accurate. In light of the significant
uncertainties inherent in the forward-looking statements included
herein, the inclusion herein should not be regarded as a
representation by the Company or any other person that the objectives
and plans of the Company will be achieved.
Contacts:
Canglobe International, Inc.
Larry Myles, 866-383-4004
info@canglobe.net
www.canglobe.net
|
