News
FEB 21, 2007 -- Parent Eiger to divest stake in Newlook
Toronto - Newlook Industries Corp. ("Newlook") (TSXV: NLI) would like to advise shareholders that its parent, Eiger Technology, Inc. has agreed to divest itself of its ownership stake in Newlook, subject to regulatory approvals.
With the announcement of Mr. Gerald Merovitz as its new Chief Executive Officer, Newlook will be moving forward with its acquisition strategy to create shareholder value.
Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 216-8659 or refer to www.sedar.com.
The management of the company, who take full responsibility for its content, prepared this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.
For more information contact:
John Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656, Ext. 301
FEB 21, 2007 -- Parent Eiger to divest stake in Newlook
Toronto - Newlook Industries Corp. ("Newlook") (TSXV: NLI) would like to advise shareholders that its parent, Eiger Technology, Inc. has agreed to divest itself of its ownership stake in Newlook, subject to regulatory approvals.
With the announcement of Mr. Gerald Merovitz as its new Chief Executive Officer, Newlook will be moving forward with its acquisition strategy to create shareholder value.
Newlook Industries Corp., headquartered in Toronto, Ontario is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 216-8659 or refer to www.sedar.com.
The management of the company, who take full responsibility for its content, prepared this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.
For more information contact:
John Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656, Ext. 301
