SLJB -- Sulja Bros. Confirm Acquisition of Sam Building Materials as Previously Stated
WINDSOR, ON, Nov 24, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building
Supplies Limited (PINKSHEETS: SLJB), today dismisses reports published in the
Windsor Star that claim that the acquisition of Sam Building Material has not
been closed. The deal has been completed and all assets and employees have been
rolled into the Sulja family. No one was laid off.
A spokesperson stated, "Their entire inventory including trucks and other fixed assets have been acquired by Sulja's and we have been functioning as one for more than a month now. The property is a lease but everything else is solid assets. We want to dispel the reports that have been published in the Windsor Star; it seems as Gary Rennie, reporter from the Windsor Star has a personal vendetta against our company and its management."
Mario Moretto, President of Sam Building Materials, agreed with Sulja Bros. and stated, "Since October 2nd, we have been working under the Sulja banner. The purchase was completed and the documents are with our lawyers. I have spoken to no one from the Windsor Star, and I am uncertain to where they are getting their inaccurate information from. I want to state again that the deal has been finalized and everyone is very pleased with the result."
"The take over was seamless and everyone is happy with it. We have been conducting business normally and without hindrance since October. We plan on continuing as such and on expanding our business despite efforts of those outside our organization trying to derail our efforts for reasons unknown to us," the spokesperson said.
SOURCE: Sulja Bros. Building Supplies Ltd.
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