Rocky Mountain Dealerships Announces Results for The Initial Twelve Day Period Ended December 31, 2007



    CALGARY, March 14 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky
Mountain" or the "Company") is reporting the results of their initial twelve
day period as a publicly traded Company ending December 31, 2007.
    The Company was formed on September 17, 2007 but did not carry on any
business until it completed the acquisition of Hammer Equipment Sales Limited
and the Hi-Way Service group on December 20, 2007. The consolidated financial
statements of the Company therefore pertain to the aggregate business carried
on by Hammer Equipment Sales Limited and the Hi-Way Service group for the
12 days ended December 31, 2007.
    Commenting on the Company's results, Matt Campbell, CEO of Rocky Mountain
said, "We are pleased with the progress that has been made since the
acquisitions, and we are continuing to focus our attention on the integration
of the two companies. The 100 day integration project is proceeding as
planned."
    The Company has reported net earnings and comprehensive income of
$327,950.

    
    Selected consolidated financial information for the twelve day period
                           ending December 31, 2007
                     Twelve Days Ended December 31, 2007
    -------------------------------------------------------------------------

    Revenues        $11,947,201
    Gross profit     $2,116,220
    Gross margin          17.7%
    EBITDA             $867,973
    EBITDA margin          7.3%
    

    The strength that has been portrayed in the past couple of years in the
agriculture industry is expected to continue, as a result of the continued
demand for cereal crops for both ethanol production and as feed grains to
support the changing diet in the Asian markets. With this continued demand,
the farm based commodity prices are expected to continue showing strength over
the remainder of 2008 which would be demonstrated in strong farm cash receipts
for the year. The continued strength in the commodity prices has brought some
difficulties for livestock farms as the input costs have increased, and
consequently put a strain on the cash receipts from that segment of the
farming economy. An issue that could arise during the 2008 year on the
agricultural side of the business is a potential shortage of equipment due to
lengthy lead times from the manufacturers. With the increase in agricultural
activity the manufacturers have been forced to lengthen their delivery time
which may affect RMDI's ability to meet all of our customer demands.
    The construction equipment side of our business has been strong over the
past few years as the various levels of government have been trying to deal
with the infrastructure shortage throughout the province. This process is
expected to continue through the 2008 fiscal year and into 2009 which will
partially offset the expected slow-down in residential housing starts in the
province.

    Forward Looking Information

    Certain statements contained in this press release, including statements
related to the expectation that farm based commodity prices will continue to
show strength, the potential shortage of agriculture equipment arising from
expected long lead time for deliveries from agriculture equipment
manufacturers, the expected strength in construction equipment notwithstanding
expected slowdown in residential housing starts due to expected strength in
infrastructure spending in Alberta 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 consequences 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.

    About Rocky Mountain

    Rocky Mountain represents one of Alberta'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".

    %SEDAR: 00026106E




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) 531-3564


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