ROCKY MOUNTAIN DEALERSHIPS INC. (TSX: RME) ANNOUNCES CLOSING OF CASE IH DEALERSHIP ACQUISITION

Issued: 18,482,316 shares

CALGARY, Jan. 4 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky Mountain"), announced today that it has completed the previously announced acquisition of certain assets of Agritrac Equipment Ltd. ("Agritrac"), a Case IH agriculture dealership with locations in Westlock, Vegreville and Barrhead, Alberta.  The acquisition was funded with cash and 55,066 common shares of Rocky Mountain.  

For the most recent fiscal year ended October 31, 2010, Agritrac had revenues of approximately $47 million.  The Agritrac locations will operate under the Hi-Way Service Ltd. division, a wholly-owned subsidiary of Rocky Mountain. 

About Rocky Mountain

Rocky Mountain is one of Canada's largest agriculture and construction equipment dealerships, with 37 branches (including Agritrac) throughout Alberta, Saskatchewan, and Manitoba.  Rocky Mountain sells, rents and leases new and used agriculture and construction equipment and offers product support and finance.

Additional information is available at www.rockymtn.com and on SEDAR at www.sedar.com.

SOURCE Rocky Mountain Dealerships Inc.

For further information:

Rocky Mountain Dealerships Inc.
Brian Taschuk, Chief Executive Officer; or
Garrett Ganden, Chief Financial Officer
828 - 46th Avenue S.E.
Calgary, Alberta T2G 2A6
Telephone: (403) 243-8600, Fax (403) 243-2264

Profil de l'entreprise

Rocky Mountain Dealerships Inc.

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