News
OCT 22, 2008 -- Newlook subsidiary to acquire Manitoba retail operation
Toronto - Newlook Industries Corp. (TSXV: NLI) (the "Company") is pleased to announce that its majority-owned subsidiary, Wireless Age Communications, Inc. ("Wireless Age"), intends to acquire G.L. Enns Electronics, which operates an MTS Connect wireless communications retail store in Selkirk, Manitoba.
The Selkirk retail store is conveniently located in a key retail location and is the only MTS dealer location in the city. Wireless Age expects to close the transaction and assume control over operations of the location on November 1, 2007. Closing is subject to the approval of various parties.
John G. Simmonds, Newlook CEO stated, "There are plenty of accretive acquisition opportunities available at the moment and we intend on maximizing share value by completing as many of these acquisitions as we can from Wireless Age current cash flow, which is tracking at record levels."
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
OCT 22, 2008 -- Newlook subsidiary to acquire Manitoba retail operation
Toronto - Newlook Industries Corp. (TSXV: NLI) (the "Company") is pleased to announce that its majority-owned subsidiary, Wireless Age Communications, Inc. ("Wireless Age"), intends to acquire G.L. Enns Electronics, which operates an MTS Connect wireless communications retail store in Selkirk, Manitoba.
The Selkirk retail store is conveniently located in a key retail location and is the only MTS dealer location in the city. Wireless Age expects to close the transaction and assume control over operations of the location on November 1, 2007. Closing is subject to the approval of various parties.
John G. Simmonds, Newlook CEO stated, "There are plenty of accretive acquisition opportunities available at the moment and we intend on maximizing share value by completing as many of these acquisitions as we can from Wireless Age current cash flow, which is tracking at record levels."
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
