KCMH Enters Into a Purchase Agreement for an Established Sports Award & Memorabilia Company
June 05 2008 - 6:30AM
Business Wire
KCM HOLDINGS CORP. (OTC:KCMH) has entered into a purchase agreement
for the acquisition of a successful 40-year longstanding sports
award and memorabilia company with current annual revenues of
$500,000. The acquisition is expected to be the first target of
many as part of KCM�s distressed acquisition and incubation
strategy. KCM immediately plans to implement in-house proprietary
business development strategies that will include an e-commerce and
branding program. The company will immediately compliment KCM�s
other profitable in-house incubated ventures. �This company is a
prime example of KCM�s commitment to deliver value for our
shareholders,� says KCM Director of Strategic Development, Chad
Lefevre. �KCM�s strategy is to acquire, service, incubate or take
public Micro- Cap companies that are successful, but may be
stagnating, or require restructuring due to financial
mismanagement, to get healthy and profitable again. In this case,
the company is a profitable successful company with a 40-year
history that just needs a strategic boost to grow revenues. That is
what our business model and supporting web strategy is designed to
do.� The acquisition is projected to be complete before the end of
second quarter of 2008. Visit www.thekcmgroup.com for more
information on KCMH including corporate presentations and financial
reports. About KCM: KCM HOLDINGS CORP. is a strategic business
incubation and holdings company specializing in a broad range of
business development, support, design and development ventures.
Visit www.thekcmgroup.com. Disclaimer Forward Looking Statement The
contents of this Press Release may be deemed to include
forward-looking statements within the meaning of United States
securities laws and the Private Securities Litigation Reform Act of
1995. Forward-looking statements are only predictions and should
not be relied upon for investing decisions. Actual results might
differ materially from those projected in the forward-looking
statements for a variety of reasons, including market conditions,
competition and new regulatory requirements. Forward looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the Company�s actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by the forward-looking
statements. We cannot guarantee future results, levels of activity,
performance or achievements.
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