Friday, August 28, 2009
310 Holdings, Inc. has Completed the Acquisition of Javaco Inc.
NIAGARA FALLS, Ontario, Aug. 28, 2009 (GLOBE NEWSWIRE) -- 310
Holdings Inc. (OTCBB:
TRTN) is pleased to announce that the Company has completed the
acquisition of Javaco, Inc,, an international distributor of
communications and cable gear that distributes more than 100 lines
of equipment, ranging from fiber-optic transmitters to RF
connectors. Javaco, Inc., a member of Inc. 5000, is a profitable,
well-managed, growing company with current revenues in excess of $6
million and a strong presence in Latin America. With offices in
Mexico City and Columbus, Ohio, their highly-technical staff
strives to provide viable solutions for the ever complex
telecommunications industry. Visit http://javacoinc.com for further information
about Javaco, Inc.
Javaco, Inc. was purchased for $150,000 USD and 2.5 million
shares of restricted common stock.
In addition, for an additional one million shares of restricted
common stock, the Company acquired approximately $10 million in
U.S. radio and newspaper prepaid advertising covering 10,000
newspapers and 6000 radio stations. The completed package resulted
in a total asset purchase of approximately $15 million. The Company
believes that the media advertising will be beneficial in promoting
the expansion of the P2O technology and processors as well as the
previously-announced planned acquisition of the chemical company's
products and services.
John Bordynuik, 310 Holdings Inc. President and CEO, stated, "We
are extremely positive about the Javaco acquisition since it not
only adds to our growing revenue base, but it also gives us a
foothold and ability for a more rapid expansion of our P2O
processors into Mexico, as well as Central and South America.
Furthermore, we will use Javaco's existing people and business
offices to setup and configure our communications infrastructure
for our P2O processors."
About 310 Holdings Inc.
John Bordynuik purchased 63% of the issued and outstanding
shares of 310 Holdings on April 23, 2009. Subsequently, John
Bordynuik was appointed President and CEO of the Company.
On July 16, 2009, 310 Holdings Inc. acquired certain assets of
John Bordynuik Inc., including all of its intellectual property,
its custom tape processing hardware, its Swahili data migration
system, fixed assets, and its current customer base subject to
certain closing conditions and adjustments.
For more information, please see http://www.310holdings.com and http://www.johnbordynuik.com.
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act. The Private
Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases
brought under the federal securities laws, including changes
related to pleading, discovery, liability, class representation and
awards fees and of 1995. Those statements include statements
regarding the intent, belief or current expectations of 310
Holdings Inc., and members of its management as well as the
assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
CONTACT: 310 Holdings Inc.
John Bordynuik, President and CEO
john@310holdings.com
Investor Relations
Katie Matkowski
+1 (289) 296-5538
Katie@310holding.com