Toronto Stock Exchange Symbol: GIN
OAKVILLE, ON, Sept. 2 /CNW/ - Glendale International is pleased to report
that it has renewed its financing program with GE Commercial Distribution
Finance. This partnership enables Glendale dealers to continue to wholesale
finance Glendale products. "Wholesale financing has changed industry wide"
Terry Mullan president of the RV operations stated. "The manufacturer now
shares responsibility with the finance companies and dealers to ensure product
turns and minimize aged inventory."
The revamped 2010 Titanium model lineup includes new floor plans, décors
and new construction material. Floors are now made of the advanced COSMOLITE
material which reduces weight significantly. The 2010 models also feature
redesigned front and rear molded fiberglass caps with LED lighting.
Retail sales of the Titanium product line have been strong over the past
45 days. With dealer and factory inventories at an all time low, Glendale is
well positioned to take advantage of an improvement in the market.
About Glendale International Corp.
Glendale International Corp. manages businesses that provide the
opportunity for long-term value creation through the application of proven
managerial expertise and innovative business strategies. The Corporation owns
businesses in the recreational vehicles and electronics industries, and will
seek to acquire complementary businesses that support its value-building
Glendale's Recreational Vehicle business is comprised of two operating
divisions: Glendale Recreational Vehicles ("Glendale RV") located in
Strathroy, Ontario and Travelaire Canada ("Travelaire") located in Red Deer,
Alberta. Glendale RV manufactures a broad range of innovative, differentiated
high-quality Recreational Vehicles ("RV's") for both the US and Canadian
markets and Travelaire manufactures Park Model trailers and Relocatable
Structures for the Western Canadian market place. The Corporation also owns
43.6% of the common shares in Firan Technology Group Corporation, a leading
North American manufacturer of high technology printed circuit boards and
precision illuminated display systems.
Glendale International's common shares are listed on the Toronto Stock
Exchange ("TSX") under the symbol "GIN". The Corporation has 12,487,017 common
To reach Glendale International via the worldwide web logon to
This press release contains "forward-looking" statements related to
future events or future performance and reflects the expectations of Glendale
International Corp., regarding its growth, results of operations, performance
and business prospects, and opportunities and trends affecting the
recreational vehicles, and electronics industries. Such forward-looking
statements reflect current beliefs of management and are based on information
currently available. In certain cases, forward-looking statements can be
identified by the use of words such as "believe", "expects", "will",
"intends", "projects", "anticipates", "estimates", "continues" or similar
words or the negative of these or other comparable terminology. Readers are
cautioned that forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results, performance or
achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking information.
Accordingly, investors should not place undue reliance on forward-looking
information. Any forward-looking statements included in this press release are
made as of the date of this press release and Glendale International Corp.
assumes no obligation to update or revise them to reflect new events or
For further information:
For further information: Edward C. Hanna, Chief Executive Officer and
Chairman, Glendale International Corp., (905) 844-2870, (289) 291-4001 fax,
Email: email@example.com; Murray Hannan, Chief Financial Officer,
Glendale International Corp., (905) 844-2870, (289) 291-4001 fax, Email: