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CleanWear Products Ltd. should add somewhere in the neighborhood of $1-$5 million in revenues for LUNL...according to the source below, the company does between $1-$4.99mil in sales...of course these figures could be much more or less in reality...
SOURCE: http://www.ic.gc.ca/app/ccc/srch/nvgt.do?lang=eng&prtl=1&sbPrtl=&estblmntNo=900921150000&profile=cmpltPrfl&profileId=986&app=sold
The company appears to fetch a premium for their products...here is a link to their product list with pricing information:
http://www.labsource.com/Catalog/Search.aspx?MfgID=5754
Additional sites promoting CleanWear products:
http://accuflowsystems.com/pages/index.php
http://www.gogenlab.com/products/tags/cleanroom-apparel
http://yourcleanroomsupplier.com/
http://www.midwestproductionsupply.com/store/pc/viewcategories.asp?idCategory=333
http://my.spinsite.com/cleanrep/index/mn28246/usp797
http://www.innotechprod.com/vendor-list.php
board marks growing here...looks like we have some lurkers
LUNL looking very promising for this week
Lumonall and CleanWear Products Agree on Business Combination
TORONTO, ONTARIO -- (Marketwire) -- 11/09/09 --
Lumonall, Inc. (OTCBB: LUNL), (the "Company" or "Lumonall") today announced that it has agreed to combine operations with CleanWear Products Ltd. ("CleanWear") through the acquisition of CleanWear, JM Harris Holdings Inc. (Holdings) and the copyright name CleanWear (the "Name"). Mr. Jonathan M. Harris is a private businessman with substantial experience in developing and growing small businesses and is the sole shareholder of CleanWear and Holdings
CleanWear is a manufacturer of reusable and limited use garments and gloves for individual, clean room and static operations and Holdings is a separate legal entity which owns the land and building where the operations reside
Pursuant to the terms of the proposed transaction, Lumonall agrees to acquire all of the issued and outstanding shares of CleanWear and Holdings and the Name. The purchase price, subject to various terms and conditions, will be paid by the issuance of restricted common shares of the Company and the remainder of the purchase price will be paid by the issuance of a Lumonall secured promissory note
As part of the acquisition, Mr. Harris will be appointed CEO and Mr. John G. Simmonds will resign. Mr. Simmonds will stay on as chairman of the Board and will continue to assist Mr. Harris with strategic matters
The closing date of the acquisition shall be subject to the Companies due diligence of CleanWear and Holdings and the issuance of audited financial statements. Mr Harris and the Company believe that all conditions precedent to close can be completed by January 31, 2010
John Simmonds, Company CEO stated; "We believe that the business combination with CleanWear Products, represents an exciting opportunity for the Company to combine with an established business which has operated for more than 30 years. The transaction will significantly strengthen the Company's financial position and will have an immediate impact on revenues. Together with Jonathan we will continue to take steps to restructure the Company and seek other business opportunities to diversify its operations and accrue shareholder value."
Jonathan Harris commented; "We have the infrastructure and existing distribution channels available to enhance and develop new markets for the Company. I am excited about the opportunity and look forward to building this Company. The combined operations will serve as a firm base on which to build John's vision of a diversified safety systems and clean products market leader."
Note: This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Lumonall cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Lumonall's SEC filings. Lumonall undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Lumonall's business, please refer to the risks and uncertainties detailed from time to time in Lumonall's SEC filings
Contacts: Lumonall, Inc
John G. Simmonds Chairman (905) 833-9845 x 1
wow...talk about bailing a day too soon...that sucks
expecting to see merger completion news next week
CBIS - take advantage of the quiet storm
CBIS $.38 x $.40 - News will drive this stock higher in my opinion
CBIS - $.38 x $.40...today would be the day to add to your position
CBIS - in my opinion, any stock purchased today will be higher on Monday
CBIS $.38 x $.42 - hearing news rumors
CBIS $.36 x $.38 looks cheap here nice lil pullback
the moment we've been waiting for...CBIS $.35 x $.38...time to grab some cheapies
CBIS $.37 x $.40 she's waking up a bit after consolidating as expected today
$.38 x $.40 expecting to see a little late day action
I've been sitting bid all morning @ $.38 and have gotten very little filled
CBIS - contract news will send this well over $.50 in my opinion
I expect to see another day of consolidation as we continue to base in this range and prepare to move higher. We may see a slightly higher closing price today. However, if we get any sort of contract news or news of a similar nature we're off to the races again.
Just my opinion.
I think we'll get news soon
I agree /e
nice entry here after the profit taking in my opinion
Cannabis Science President To Appear Today On StockGoodies.com Live Radio Show As Part of National Educational Series On The Ground-Breaking Science of Medical Cannabis At 8:30AM Eastern
Cannabis Science President To Appear Today On StockGoodies.com Live Radio Show As Part of National Educational Series On The Ground-Breaking Science of Medical Cannabis At 8:30AM Eastern
Don't miss the CEO of CBIS to be featured in an exclusive radio interview with http://www.stockgoodies.com/ today @ 8:30a.m.
CBIS @ $.43 now...if we close above $.47 that is extremely bullish for us looking at the charts
terribly sorry old chap...right-o then what say you of SAY (Satyam) from it's current level @$5.47 it still appears to be heading north over the long term dear friend
Have you been keeping an eye on CBIS and ANYT?
Congrats on the baby Grandma.
CBIS alerted @ $.27 now @ $.39 looking for close above $.40 after yesterday's news. The fundamentals and technicals are both SMOKING on this one.
this stock definitely has legs when it wants to run...this breakout seems eerily familiar to the run it had last time from $.07 to $1.44.
Looks like we will be into the $.40's by end of the day
CBIS $.40's will be here soon IMO
there goes the $.38 resistance...should be a clear shot to $.47 from here
CBIS $.38 resistance about to break
$CBIS looking to test the $.38 resistance here
CBIS breakout underway
$.35 x $.36 looking clear to $.39
Bid side needs to improve a little though
If we break $.38 it should be a swift move to $.47
CBIS hammer time...explosive volume already this morning