Rocky Mountain Dealerships (TSX: RME) Announces Proposed Acquisition of Dealership in Alberta: Heartland Equipment Limited

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[{"type":"text","content":"\n\n\n\nCALGARY, March 10 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky\nMountain" or the "Company"), a leading Canadian network of full service\nagricultural and construction equipment dealerships, announced today that it\nhas entered into a letter of intent to acquire all of the issued and\noutstanding shares of Heartland Equipment Limited, a farm equipment dealership\nin Drumheller, Alberta.\n\n\nHeartland Equipment Limited represents the Case IH agriculture brand, and\nalso carries Kubota, Bourgault, and Farm King equipment. In its most recent\nfiscal year ended October 31, 2008, Heartland Equipment Limited reported\napproximate revenues of $28.1 million. The acquisition is expected to close on\nApril 1, 2009.\n\n\nMatt Campbell, Rocky Mountain's Chairman and Chief Executive Officer,\nsaid, "We are pleased to be expanding Rocky Mountain's presence in Alberta\nwith the acquisition of Heartland Equipment. Contiguous to our Balzac store\njust north of Calgary, Alberta, Heartland Equipment increases our presence in\nthe eastern portion of Alberta. Heartland Equipment has great employees and a\nstrong customer base, and we look forward to continuing their tradition of\nproviding excellent customer service."\n\n\nAbout Rocky Mountain\n\n\nRocky Mountain represents one of Canada's largest agriculture and\nconstruction equipment dealerships with a total of 21 dealership branches\nthroughout Alberta, Saskatchewan and Manitoba. Rocky Mountain sells, rents and\nleases new and used construction and agriculture equipment, including the Case\nConstruction and Case IH Agriculture brands, as well as offering product\nsupport and finance and insurance products to its customers.\n\n\nFORWARD LOOKING INFORMATION\n\n\nThis press release contains forward looking information, and in\nparticular states that the acquisition is expected to close on April 1, 2009.\nIt is important to note that no firm agreement has been entered into and there\nis no assurance that the proposed transaction will actually close or that it\nwill close on April 1, 2009.\n\n\n%SEDAR: 00026106E\n\n\n","length":2170,"tagName":"div"}]

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