Macada Holding, Inc. Announces the Company Has Signed the Merger Agreement With Pembroke Gun and Range
April 12 2010 - 9:20AM
Marketwired
Macada Holding
, Inc. (PINKSHEETS: MCDA)
announced that the company has signed the merger agreement with
Pembroke Gun and Range, located in Hallandale, Florida. This merger
adds annual sales of approx. 1.4 million in a recession resistant
industry. The Board has been very quiet about the changes and
movement with the company's plans. The company will be updating all
shareholders with the updated structures as events take place.
Further acquisitions and changes will be announced in the upcoming
weeks. The company's efforts have been focused on Macada and the
disclosure statements to remove the caveat, which has taken place
and the company is now compliant. The company has also agreed not
to move forward with the auto sale and leasing acquisition, since
it is in the R/D stage and is generating no revenues as of yet.
More Details on the company's future and acquisitions currently in
negotiations, soon to be announced. The new company number is
954-782-2056, located in Pompano Bch, Fl.
Safe Harbor Provision
This news release includes forward-looking statements, including
with respect to the future level of business for the parties. These
statements are necessarily subject to risk and uncertainty. Actual
results could differ materially from those projected in these
forward-looking statements as a result of certain risk factors that
could cause results to differ materially from estimated results.
Management cautions that all statements as to future results of
operations are necessarily subject to risks, uncertainties and
events that may be beyond the control of Macada Holding, Inc. and
no assurance can be given that such results will be achieved.
Potential risks and uncertainties include, but are not limited to,
the ability to procure, properly price, retain and successfully
complete projects, the availability of technical personnel, changes
in technology and competition.
Contact: Ron Ritter 954-782-2056
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