BBC Capital Provides Update on Cornerstone Granite and Marble Wholesale, Inc.'s Sales Developments.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. Capital Management Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BBC.P) is pleased to announce that it has received an update from Cornerstone Granite and Marble Wholesale, Inc. (CGMW CGMW Commission for the Geological Map of the World ) regarding the sales developments of CGMW's largest customer, Cornerstone Building and Remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling , Inc. (CBRI CBRI Central Building Research Institute (Roorkee, India) CBRI Chester Beatty Research Institute (now The Institute of Cancer Research) ). CBRI has just received a contract expansion for its granite countertop program from supplying 8 Lowes stores in Florida to supplying 269 Lowes stores covering a 5 state footprint in Southeastern U.S.A. As disclosed in BBC Capital's news releases dated September 16, 2004 and April 1, 2005, BBC Capital intends to acquire all of the issued and outstanding shares of CGMW. The acquisition of CGMW would represent BBC Capital's Qualifying Transaction. The contract expansion with Lowes is combined with CBRI's concurrent rollout of product to additional Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box stores within the same Southeast region. CBRI had previously serviced 104 Home Depots through a series of programs including tile installation, cabinet installation and granite countertops. CGMW is excited by these developments as it has signed a 20 year Exclusive Supply Agreement to supply CBRI with all of its granite slabs, tiles, cabinet refacing products and fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. supplies. CGMW has already begun to deliver granite slabs to Tuscaloosa, Alabama, for the first phase of CBRI's expansion into the growing Birmingham market. "This is a phenomenal development for us", stated Anthony Leeber, Jr., President of CGMW. "These sales developments represent an increase of 261 Lowes stores that are now and will be supplied by CGMW through its relationship with CBRI. We knew that our Exclusive Supply Agreement with CBRI would yield dividends far greater than its face value when we signed. This relationship with CBRI was not only going to kick-start our sales in the U.S.A. but also help establish us as a leader in the industry." The Company has made its formal submission to the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. for approval of the Qualifying Transaction as described in the news release dated April 1, 2005. The Company intends that this transaction will constitute its Qualifying Transaction. Upon approval and completion of the Qualifying Transaction, the Company will carry on through CGMW, as its wholly-owned subsidiary, the business of wholesale importation and distribution of raw slabs of granite, marble and other stone used in the construction industry, together with stone fabrication tools and supplies. Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. ON BEHALF OF THE BOARD OF DIRECTORS OF BBC CAPITAL MANAGEMENT INC. Aly Mawji, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. BBC Capital Management Inc. (TSX VENTURE:BBC.P) |
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