Sherbrook SBK Sport to Acquire Global Sports Technologies and Gain NHL Acceptance
20 6월 2011 - 10:23PM
Marketwired
Sherbrook SBK Sport Corp (TSX VENTURE: SBK) announced today that it
has signed a letter of intent to acquire Global Sports Technologies
Corporation and its patented sports technologies.
According to the letter of intent, SBK will acquire Global
Sports Technology and its intellectual properties including but not
limited to the Trilage hockey stick. SBK will issue a total of
8,050,000 shares, whereby 4,025,000 will be issued at closing and
4,025,000 will be issued and or transferred upon meeting certain
conditions, such as a minimum of $1 million in revenue and $500,000
participation in the Private Placement. The companies expect to
enter into a definitive agreement on or before June 30, 2011 and
close the transaction within 90 days.
"The stick technology made popular by former NHL left winger,
Darcy Tucker is unique, extremely performing and it is approved for
the NHL" said Georges Guilbault, President of Sherbrook SBK Sport
Corp. "We are gaining a superior product to add to our existing
offering and a great new executive and we are glad that Mr. Mario
Boscarino will be joining us" further added Mr. Guilbault.
"We are glad to be working with SBK on this transaction, our
stick technology coupled with their sales and marketing reach is a
great fit" said Mario Boscarino, President of Global Sports
Technologies Corp. "The NHL acceptance will also help enhance the
SBK/ Trilage brand in North American." Further added Mr.
Boscarino.
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.
More information on Trilage at www.trilage.com
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:
Mergers & Acquisitions
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