CALGARY, June 19 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky
Mountain" or the "Company") announces the completion of the previously
announced acquisition of Roydale International Ltd. ("Roydale"). Roydale was
the last Case IH dealer south of Calgary not owned and operated by Rocky
Mountain. The deal was settled in a combination of shares and cash.
Commenting on the Company's acquisition, Matt Campbell, CEO of Rocky
Mountain said, "With this acquisition the consolidation of Case IH dealers
from Calgary to the US border is complete."
About Rocky Mountain:
Rocky Mountain represents one of Alberta's largest agriculture and
construction equipment dealerships with 14 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.
For further information:
For further information: M.C. (Matt) Campbell, Chairman and Chief
Executive Officer; Brian Taschuk, Chief Operating Officer; or Garrett Ganden,
Chief Financial Officer, 828 - 46th Avenue S.E., Calgary, Alberta, T2G 2A6,
Telephone: (403) 243-8600, Fax (403) 243-2264