SAINT-ÉPHREM-DE-BEAUCE, QC, Oct. 15, 2013 /CNW Telbec/ - Sigma Industries
Inc. (TSXV: SSG), a manufacturing company specialized in the
fabrication of composite products, announces it has concluded the
sale of the inventories, the property, plant and equipment and the
business unit of its PNS Tech division for an amount of
$2,000,000. The transaction resulted
in an estimated gain of $200,000,
which will be recorded in the results for the Company's fiscal 2014
second quarter.
ABOUT SIGMA INDUSTRIES
Sigma Industries Inc. (TSX-V: SSG), a manufacturing company
specializing in the production of composite products, has four
operating subsidiaries and employs 400 people. The Company is
active in the heavy-duty truck, coach, transit, machinery and wind
energy markets. Sigma sells its products to original equipment
manufacturers and distributors in the
United States, Canada and
Europe.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements
about the Company. Such forward-looking statements are dependent on
a number of factors and are subject to risks and uncertainties.
Actual results may differ from those expected. The information
contained in this press release is dated October 15, 2013, the date on which management
approved the press release. Management does not assume any
obligation to update or revise any forward-looking statements,
whether as a result of new information or future events, except as
required by law.
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE SIGMA INDUSTRIES INC.