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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: MoneyMade who wrote (5650)	6/5/1998 1:57:00 PM
From: MoneyMade	Read Replies (1) \| Respond to of 29382

Mercristo's Proposed Acquisition of Harding Carpet Canada Ltd. has Asset Replacement Cost of $150-$200 Million Business Wire - April 23, 1998 09:05 %MERCRISTO MDEX %NEW-YORK %MERGERS %ACQ V%BW P%BW TORONTO--(BUSINESS WIRE)--April 23, 1998--Mercristo Developments, Inc. (OTCBB:MDEX) previously announced that it had submitted a Letter of Intent to acquire 100% of the issued and outstanding shares of Harding Carpet Canada Ltd. The Harding Carpet facility, constructed from 1917 to 1920 is Canada's oldest and most established manufacturer of quality carpets. The Harding brand is highly recognized throughout Canada and many other countries, and has been supplying high quality carpeting to both the residential and commercial markets for over 75 years. Harding Carpet Canada Ltd. is located 45 miles west of Toronto in Brantford, Ontario, Canada. The plant is 385,000 plus square feet and has production capabilities to produce $150 Million plus per year in high quality nylon tufted carpet, without any major capital improvements. The certified replacement cost of the buildings, land and equipment is appraised at $150-200 Million. Harding Carpet Canada Ltd. will propel itself into the next millennium as a result of its current restructuring program which has been designed and implemented by dedicated personnel. This restructuring is expected to ensure that Harding will continue as one of the leading manufacturers of quality carpeting within its industry. The ongoing commitment of the experienced staff and seasoned employees is and always will be -- We do not strive to be the Biggest, We will be the Best! Mercristo Developments, Inc. is a fully reporting OTCBB company. On April 14, 1998 Mercristo announced net earnings of $582,850CDN, or $.035CDN per share, on revenues of $5,421,945 for the year ended January 31, 1998. Please visit the Mercristo Website at www.mcomm.com. CONTACT: MediaComm Marketing International 1-800-367-1275