CALGARY, May 12 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky Mountain" or the "Company") announces that it has entered into a letter of intent with the shareholders of Roydale International Inc. ("Roydale"). Roydale International is the last Alberta Case IH dealer south of Calgary not owned and operated by Rocky Mountain. The deal is expected to close on or about June 9, 2008, and is an all cash deal.
Commenting on the Company's acquisition, Matt Campbell, CEO of Rocky Mountain said, "With this acquisition the consolidation of the Alberta Case IH dealers from Calgary to the US border is complete."
About Rocky Mountain:
Rocky Mountain represents one of Canada's largest agriculture and construction equipment dealerships with 13 dealership branches located throughout Alberta. Rocky Mountain sells, rents and leases new and used construction and agriculture equipment, including the Case Construction and Case IH Agriculture brands, as well as offering product support and finance and insurance products to its customers.
Additional information on Rocky Mountain is available on our website at www.rockymtn.com and on SEDAR at www.sedar.com. The Common Shares of Rocky Mountain trade on the Toronto Stock Exchange under the symbol "RME".
Forward Looking Information
Certain statements contained in this press release, including statements related to the proposed acquisition and statements that contain words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may", "likely" and similar expressions and statements relating to matters that are not historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities legislation.
These statements are based on certain assumptions and analysis made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from the Company's expectations. Consequently, all of the forward-looking information and statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequence to or effects on the Company or its business or operations. Except as may be required by law, the Company assumes no obligations to update publicly any such forward-looking information and statements, whether as a result of new information, future events or otherwise.
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