CALGARY, Dec. 1, 2015 /CNW/ - Circa Enterprises Inc. (CTO-TSXV) ("Circa"), a manufacturer of equipment for the telecommunication, electrical utility, and construction industries, announced today that it has completed the acquisition of substantially all of the assets of Alberta Computer Cable Inc. ("ACC"), a cable manufacturer and distributor. The business will operate as Alberta Computer Cable, a division of Circa Enterprises Inc.
Alberta Computer Cable manufactures and distributes digital connectivity products and specializes in custom cables and wiring harnesses for Original Equipment Manufacturers. The company has been in business since 1985.
Grant Reeves, Circa's President and CEO, commented, "The completion of the Alberta Computer Cable acquisition fits into our growth and expansion plans. It will expand Circa's product offering, broaden our market reach and strengthen our manufacturing capabilities. It is Circa's goal to increase our EBITDA and deliver shareholder value through accretive acquisitions." Mr. Reeves added, "We extend a warm welcome to the Alberta Computer Cable employees, customers and stakeholders. We will continue to operate the division as Alberta Computer Cable which has strong and reputable 30 year history."
About Circa Enterprises
Circa Enterprises Inc. is a public company headquartered in Calgary, Alberta with operations in Alberta, Ontario and Florida. Circa manufactures and sells outdoor enclosures, electrical equipment, and other goods to customers in the telecommunications, electrical, and construction industries. The outstanding common shares of Circa are listed and trade on the TSX Venture Exchange under the trading symbol CTO. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information in this News Release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.
SOURCE Circa Enterprises Inc.
For further information: Mr. Grant Reeves, President and CEO, Circa Enterprises Inc., (403) 258-2011; Mr. Cory Tamagi, VP Finance and CFO, Circa Enterprises Inc., (403) 258-2011; E-Mail: [email protected], Website: www.circaent.com