Royal Laser Corp-Signs Letter of Intent to Acquire Assets of Envyrozone Inc.TORONTO -- Royal Laser Corp. (the "Corporation") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :RLC RLC Residual lung capacity ) announces that it has entered into a letter of intent dated December 23, 2005 with the principals of Envyrozone Inc. ("Envyrozone") for the acquisition of certain assets of Envyrozone. Envyrozone designs and implements public space recycling and advertising programs through the sales of a line of products that places emphasis on environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] waste recycling and disposal. These products have outstanding design and aesthetic appeal. The assets that are to be acquired include various licenses, patents and other intellectual property surrounding the design of various outdoor recycling and advertising products. Royal Laser has previously provided contract manufacturing services to Envyrozone. The consideration for the proposed asset purchase will be $1,500,000 in cash and 2,000,000 common shares in the capital of the Corporation, such common shares to be issued at a deemed price of $1.20 per share. Completion of the acquisition is scheduled for January 2006 and is subject to receipt of regulatory approvals and satisfactory due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. results. For more information on Envyrozone, please visit www.envyrozone.com. Royal Laser Corp., through its wholly owned operating subsidiaries, manufactures custom wood and metal products targeted at the multi-billion dollar high-end retail in-store development industry, the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and industrial products, automotive and construction industries, in Canada, the United States and increasingly, overseas. Royal Laser Corp. employs state-of-the-art industrial technology to fabricate custom and standardized wood and metal products, including robotic wood finishing lines, advanced laser-based computer-integrated manufacturing systems and advanced stamping presses. In addition to contract manufacturing services, Royal Laser provides value-added engineering and design services. The Corporation's common shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "RLC". For further information on the Corporation, please visit SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com or please contact the persons below: The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. Royal Laser Corp. (TSX:RLC) |
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