CALGARY, July 26 /PRNewswire-FirstCall/ - Circa Enterprises Inc. (CTO-
TSX), a manufacturer of surge protection devices and related components for
the telecom industry, is pleased to announce that it has completed the
purchase of 100% of the outstanding shares of a privately held custom metal
fabricating operation located in Markham, Ontario announced on July 22, 2002
for consideration of $1,100,000.
This acquisition allows Circa to diversify its business interests and
expand its control over its current manufacturing supply chain. It also
provides an opportunity to establish a presence in the Ontario marketplace,
with the potential for growth in markets for existing and new products.
Circa adds the Markham facility to its existing manufacturing locations
in Calgary and Hudson, Florida, as well as its new sales and distribution
facility in Tampa, Florida. Circa Enterprises Inc. is a public company with
offices in Alberta and Florida, trading on the Toronto Stock Exchange under
ticker symbol CTO. The Toronto Stock Exchange has neither approved nor
disapproved the information contained herein.
SOURCE Circa Enterprises Inc.