Niagara Corporation Purchases Illinois Facility
August 02 2004 - 11:11AM
PR Newswire (US)
Niagara Corporation Purchases Illinois Facility NEW YORK, Aug. 2
/PRNewswire-FirstCall/ -- Niagara Corporation (OTC:NIAG.PK)
announced today that its subsidiary, Rabbit Property, Inc., has
completed the purchase of a 330,000 square-foot facility in Harvey,
Illinois for $1.25 million. Niagara presently intends to use this
facility for equipment storage. This release contains certain
"forward-looking statements" made pursuant to the "safe-harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These statements involve known and unknown risks, uncertainties and
other factors, many of which are beyond the control of the Company,
that may cause the Company's actual results to be materially
different from those expressed or implied by such statements. Such
risks, uncertainties and other factors include those described in
the Company's Annual Report on Form 10-K for the year ended
December 31, 2003. The forward-looking statements made herein are
only made as of the date of this release, and the Company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
DATASOURCE: Niagara Corporation CONTACT: Michael Scharf, CEO,
Niagara Corporation, +1-212-317-1000 Web site: http://www.niag.com/
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