SAINT-ÉPHREM-DE-BEAUCE, QC, Oct. 15, 2013 /CNW Telbec/ - Sigma
Industries Inc. (TSXV: SSG), a manufacturing company specialized in the
fabrication of composite products, announces it has concluded the sale
of the inventories, the property, plant and equipment and the business
unit of its PNS Tech division for an amount of $2,000,000. The
transaction resulted in an estimated gain of $200,000, which will be
recorded in the results for the Company's fiscal 2014 second quarter.
ABOUT SIGMA INDUSTRIES
Sigma Industries Inc. (TSX-V: SSG), a manufacturing company specializing in the production of
composite products, has four operating subsidiaries and employs 400
people. The Company is active in the heavy-duty truck, coach, transit,
machinery and wind energy markets. Sigma sells its products to original
equipment manufacturers and distributors in the United States, Canada
This press release contains certain forward-looking statements about the
Company. Such forward-looking statements are dependent on a number of
factors and are subject to risks and uncertainties. Actual results may
differ from those expected. The information contained in this press
release is dated October 15, 2013, the date on which management
approved the press release. Management does not assume any obligation
to update or revise any forward-looking statements, whether as a result
of new information or future events, except as required by law.
Neither the 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: SIGMA INDUSTRIES INC.
For further information:
Sigma Industries Inc.
President and Chief Executive Officer