CALGARY, Dec. 1, 2015 /CNW/ - Circa Enterprises Inc.
(CTO-TSXV) ("Circa"), a manufacturer of equipment for the
telecommunication, electrical utility, and construction industries,
announced today that it has completed the acquisition of
substantially all of the assets of Alberta Computer Cable Inc.
("ACC"), a cable manufacturer and distributor. The business
will operate as Alberta Computer Cable, a division of Circa
Enterprises Inc.
Alberta Computer Cable manufactures and distributes digital
connectivity products and specializes in custom cables and wiring
harnesses for Original Equipment Manufacturers. The company
has been in business since 1985.
Grant Reeves, Circa's President
and CEO, commented, "The completion of the Alberta Computer Cable
acquisition fits into our growth and expansion plans. It will
expand Circa's product offering, broaden our market reach and
strengthen our manufacturing capabilities. It is Circa's goal
to increase our EBITDA and deliver shareholder value through
accretive acquisitions." Mr. Reeves added, "We extend a warm
welcome to the Alberta Computer Cable employees, customers and
stakeholders. We will continue to operate the division as
Alberta Computer Cable which has strong and reputable 30 year
history."
About Circa Enterprises
Circa Enterprises Inc. is a
public company headquartered in Calgary,
Alberta with operations in Alberta, Ontario and Florida. Circa manufactures
and sells outdoor enclosures, electrical equipment, and other goods
to customers in the telecommunications, electrical, and
construction industries. The outstanding common shares of
Circa are listed and trade on the TSX Venture Exchange under the
trading symbol CTO. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
Certain
information in this News Release may constitute "forward-looking"
information that involves known and unknown risks, uncertainties,
future expectations and other factors which may cause the actual
results, performance or achievements of the Company or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. When used in this News Release, this
information may include words such as "anticipate", "estimate",
"may", "will", "expect", "believe", "plan" and other
terminology. These statements are neither promises nor
guarantees, but involve known and unknown risks and uncertainties
and are based on both the views of management and assumptions that
may cause our actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activities, performance or achievements expressed in or
implied by these forward looking statements. This
information reflects current expectations regarding future events
and operating performance and speaks only as of the date of this
News Release. Except as required by law, we assume no obligation to
update or revise forward-looking information to reflect new events
or circumstances. Additional information is available in the
Company's Management Discussion and Analysis, which can be found on
SEDAR at www.sedar.com.
SOURCE Circa Enterprises Inc.
