STE-MARIE DE BEAUCE, QC, July 29 /CNW Telbec/ - GBO INC. ("GBO" or the "Company"; TSX Venture Exchange: GBO) announces that, following the take up and purchase for cancellation of 15,000,000 of its common shares deposited under the substantial issuer bid that expired on July 5, 2010, the Board of Directors of GBO has approved the reduction of the number of common shares reserved for issuance under GBO's stock option plan from 2,940,930 to 1,700,000 common shares, or 9.60% of the Company's currently issued and outstanding common shares.
Founded in 1946, GBO Inc. is an important Canadian window and door manufacturer. The Company designs, develops, manufactures, markets and distributes a selection of high-end, energy-efficient wood window arrangements, doors and accessories sold primarily under the "Bonneville" and "Polar" brands. Recently, GBO launched a line of innovative fenestration products resistant to hurricanes and other impacts. The Company sells its windows and doors to the home improvement and construction markets in Quebec, Ontario, the Maritimes and the Eastern United States. GBO mainly serves independent building material distributors, distributors specializing in windows, doors and millwork, certain retailers, as well as construction and renovation contractors.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE GBO INC.
For further information: For further information: Contact: Christopher Wood, Chairman of the Board of Directors and Chief Executive Officer, (418) 387-7723; Source: GBO Inc.