As a huricane stock, IPII will attract more traders now.em

tsoprano-1

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001161269

If you find someting, let me know :)

Fleer

Global Aircraft Solutions Announces First Quarter 2007 Financial Results and Conference Call
Thursday May 24, 8:00 am ET
-- Revenue totaled $6.3 million compared to $4.9 million in the fourth quarter of 2006
-- Operating Profit increased to $503,557 compared to operating loss of $2.7 million in the fourth quarter of 2006
-- Net income totaled $334,865 compared to net loss of $1.6 million in the fourth quarter of 2006
-- Agreement to divest Jetglobal completed
-- 2007 First Quarter Conference Call on Thursday, May 24th at 11 a.m. Eastern


TUCSON, Ariz.--(BUSINESS WIRE)--Global Aircraft Solutions, Inc. (OTCBB: GACF - News) an integrated aviation company engaged in aircraft trading, aircraft parts sales, and scheduled maintenance, repair and overhaul (MRO) services for commercial airlines, charter airlines and aviation leasing companies, today announced its financial results for the first quarter ended March 31, 2007.

Net sales for the three months ended March 31, 2007 decreased $5.2 million, or 45%, to $6.3 million from $11.5 million for the three months ended March 31, 2006. Compared to the fourth quarter of 2006 sales increased approximately $1.4 million from $4.9 million. The decrease compared to the same period in 2006 was due to the absence of aircraft sales by Global coupled with a decrease in maintenance revenues. Maintenance revenue was negatively impacted primarily because of liquidity constraints brought on by the high unpaid balances of two clients.

Cost of sales for the three months ended March 31, 2007 decreased $3.4 million, or 45% to $4.1 million from $7.5 million for the same period in 2006. Cost of sales decreased due to the decrease in sales. Gross profit for the first quarter of 2007 totaled $2.2 million or 42%, compared to $4 million or 35% for the first quarter of 2006.

The Company reported an operating profit of $503,557 and a net income of $334,865 for the first quarter of 2007 compared to $2 million operating profit and $1.1 million net income for Q1 2006. These results for the first quarter of 2007 compare to an operating loss of $2.7 million and a net loss of $1.6 million for the fourth quarter of 2006.

On the balance sheet, the Company reported total current assets of $21 million and total assets of $28.9 million. Total liabilities for the quarter totaled $12.7 million representing stockholders' equity of $16.1 million or $.41/share. The current ratio improved slightly to 1.72 from the same period of 2006.

Global Aircraft Solutions has decided to transfer its ownership interest in JetGlobal, LLC, an entity in which the Company had a 30% ownership interest, to the other partner in JetGlobal, LLC, BCI Aircraft Leasing. The parties executed a final agreement and settlement on April 20, 2007. Under the terms of the final agreement and settlement, in consideration for the Company's 30% ownership interest in JetGlobal, the Company will receive title, free and clear, to five aircraft valued at $1,500,000 each. A sixth aircraft purchased from Global by JetGlobal, and which had MRO work performed by HAT, will be returned to the Company in satisfaction of money due to the Company, $1,150,000, for that particular aircraft. The Company will also retain a trailing interest of 18% of any amount paid JetGlobal under (i) satisfaction of the claim against Delta and (ii) the JetGlobal claim against AFG for breach of contract. The terms of the final agreement with BCI did not result in any impairment to the Company, but final determination of the effect on operating results will be determined in the 2nd quarter 2007, when it is expected the Company will have the results of JetGlobal's Delta Airlines bankruptcy claim.

John Sawyer, President of Global Aircraft Solutions commented, "I am proud of the efforts made by our entire team to restore our Company to profitability after the events that transpired in the fourth quarter of 2006. As we continue to resolve and improve our liquidity, we expect earnings to return to our historic levels. While the results are only a first step back in the right direction, I want to assure all our investors that our business opportunities in the aviation industry remain very strong."

Ian Herman, Chairman of Global Aircraft Solutions stated, "Our settlement agreement with BCI represents a key event that will enable us to take back control of our financial destiny. While we only retained a 30% interest in Jetglobal, it represented a very material portion of our assets. We now have control of approximately $9 million in aircraft which we will sell to enhance the cash position on our balance sheet. By being able to reinvest the proceeds directly into Global Aircraft instead of being captured on the balance sheet of a minority owed business, we believe that we can achieve a significantly higher return on investment and begin materially enhancing our liquidity."

Conference Call

The conference call will take place at 11:00 a.m. Eastern, on Thursday, May 24, 2007. Anyone interested in participating should call 1-888-394-1600 if calling within the United States, or 1-973-582-2867 if calling internationally, approximately 5 to 10 minutes prior to 11:00 a.m. There will be a playback available until May 31, 2007. To listen to the playback, please call 1-877-519-4471 if calling within the United States, or 1-973-341-3080 if calling internationally. Please use pass code 8836789 for the replay.

This call is being webcast by ViaVid Broadcasting and can be accessed at Global's Web site at http://www.globalaircraftsolutions.com. The webcast may also be accessed at ViaVid's Web site at http://www.viavid.net. The webcast can be accessed through September 23, 2007, on either site.

http://biz.yahoo.com/bw/070524/20070524005141.html ?.v=1

I don't understand, @ $0.44 i expected it to go down, i hope that my chance to buy will come later this year...

fleer

IPII strong:)

http://biz.yahoo.com/e/070516/gacf.ob8-k.html

Global Aircraft Solutions Announces Operating Profitability

Requests Extension for SEC Form 10-Q Filing

Tucson, Ariz. – May 16, 2007 — Global Aircraft Solutions, Inc. (OTC BB: GACF), an integrated aviation company engaged in aircraft trading, aircraft parts sales, and scheduled maintenance, repair and overhaul (MRO) services for commercial airlines, charter airlines and aviation leasing companies, today announced that the Company will post an operating profit for the first quarter 2007. This follows its first quarterly operating loss in three years during the fourth quarter of 2006. Management has, however, filed a Form 12b-25 with the SEC requesting an extension for filing its first quarter 2007 Form 10-Q. The Company is requesting this extension solely due to additional time required by the Company’s auditors to assess the impact on the Company’s financial statements of a Settlement Agreement between the Company and BCI Aircraft Leasing, Inc. Specifically, in its Form 12b-25 filing the Company stated:

“The Registrant hereby represents that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2007 without unreasonable effort or expense. The Auditor for the Company requires additional time to complete the preparation of the quarterly financial statements for the first quarter of 2007 to be included therein because additional time is required for the Auditor to complete its assessment of the financial statements of Jetglobal, LLC and the impact on such financials of a Settlement Agreement between the Company and BCI Aircraft Leasing, Inc., both of whom are the sole members of JetGlobal, LLC. Jetglobal, LLC is a Delaware limited liability company of which the Company became a 30% member in 2005 in furtherance of the Company’s aircraft trading operations.”

Ian Herman, Chairman of Global Aircraft Solutions, commented, “While the JetGlobal transaction has been profitable for the Company, clearly this joint venture has been less than desirable in its effect on our liquidity and SEC filings. We are in the very final stages of completing a comprehensive settlement agreement with BCI. The settlement agreement will address the sale of Global’s interest in JetGlobal to BCI and the payment of all outstanding debt owed Global by BCI. These negotiations are proceeding in an amicable and equitable manner, and we anticipate issuing a press release very shortly announcing that these issues have all been laid to rest.”

John Sawyer, President of Global Aircraft Solutions, Inc., stated, “I am very pleased that the Company was able to quickly return to profitability in the first quarter 2007 following the difficulties we encountered in the fourth quarter 2006. I am particularly proud of the fact that our management team was able to turn a profit even though they were still burdened by the liquidity issues that started in the fourth quarter of 2006. Now that those liquidity issues are being rectified during the second quarter, we are looking forward to returning to the positive top and bottom line trends that have distinguished this Company since its formation in 2002.”

Merrill Lynch raised its rating on shares of GAP on Tuesday to "buy" from "neutral" citing improved prospects for passenger traffic.

GAP=PAC in the US.

(Good for Avolar too)

http://www.sec.gov/Archives/edgar/data/854171/000100009607000159/global8k4172007.htm

I try to follow the mexican airline market....so yes thats the only relationship.

Avolar related news,

Azteca Airline Grounded by Regulator over Maintenance

Lineas Aereas Azteca was grounded indefinitely today by Mexico's civil aeronautics authority for a litany of problems in most areas of its operation. "Its administrative, financial and technical segments are all very deteriorated," said civil aeronautics head Gilberto Lopez. However he also said that sub-standard maintenance and under-trained technicians had made it necessary for the regulator to immediately curtail operations at Azteca. Around 25,000 ticket holders are now left with unusable tickets. Coming only days before the Easter holiday break, the grounding will upset the plans of many. Antonio Morales de la Pena, head of consumer watchdog agency Profeco, called upon other airlines to honor the Azteca tickets or at least to offer the ticket-holders lower fares. Azteca had been slowly winding back its route structure of late and had recently backed off to servicing only 19 of its authorized 50 destinations. Azteca had been controlling up to 2.3 percent of the total Mexican traffic. Debt woes had been added to by a lessor seizure of one of Azteca's key airplanes last month. After 90 days, unless Azteca has come up with a satisfactory solution, its Airline Operating License will be rescinded.

http://www.sec.gov/Archives/edgar/data/854171/0001 00009607000095/global8k3132007exh991.htm

INVESTOR PRESENTATION

GACF - Global Aircraft Solutions, Inc. enters into Strategic Alliance with Global Aircraft Leasing Partners, LLC
Tuesday March 13, 9:00 am ET
-- B. Riley & Co., Inc. to Serve as Financial Advisors
-- John Sawyer to be appointed CEO of Global Aircraft Solutions


TUCSON, Ariz.--(BUSINESS WIRE)--Global Aircraft Solutions, Inc. (OTC BB: GACF - News), an integrated aviation company engaged in aircraft trading, aircraft parts sales, and providing maintenance, repair and overhaul (MRO) services for commercial airlines, charter airlines and aviation leasing companies, today announced that the Company has acquired a 20% ownership interest in, and entered into an exclusive service agreement with, Global Aircraft Leasing Partners ("GALP"). Concurrently, the Company entered into a financial advisory services agreement with B. Riley & Co., Inc. ("B. Riley").

GALP is a start-up aircraft-leasing venture formed to acquire aircraft through a combination of debt and equity financing, and lease these commercial jet aircraft to operators throughout the world. GACF and GALP have entered into a strategic alliance wherein Global Aircraft will acquire a 20% interest in GALP in exchange for a capital contribution of $20,000, together with infrastructure, industry expertise, management assistance, and other non-monetary contributions. Global Aircraft will specifically not be required to invest capital in aircraft acquired by GALP. Other members of GALP will include equity funding specialists and aircraft leasing professionals. Global Aircraft and GALP have also agreed that Global will have first right of refusal for all aircraft maintenance, aircraft parts and technical consulting requirements GALP may have as a result of its aircraft acquisition and leasing activities. Global expects that its strategic partnership with GALP will have a positive effect upon the volume of its MRO and parts sales businesses.

Additionally, GALP has entered into an agreement with B. Riley wherein GALP will provide the equity portion for GALP aircraft acquisitions, while B. Riley will assist in securing the debt portion of the financing for those acquisitions. B. Riley has also agreed to assist Global Aircraft in obtaining an expanded operating credit facility as well as a $25,000,000 credit facility for Global to pursue its own aircraft trading opportunities.

B. Riley & Co., Inc. is a Los Angeles based brokerage firm which provides research and brokerage services to institutional clients and high net worth individuals and investment banking services to a wide range of middle market public and private companies. Within its Investment Banking department, the firm's Aviation and Aerospace Practice Group has provided corporate finance services to a variety of companies involved in both the commercial and general aviation industries.

Furthermore, Ian Herman will continue his duties as Chairman of the Company, while John Sawyer, President of Global Aircraft, will be assuming the title of CEO. Mr. Herman advised the Company that he would be devoting the majority of his time to the development of the start-up aircraft leasing company, Global Aircraft Leasing Partners, LLC (GALP). Global Aircraft's Board of Directors has ratified Mr. Sawyer's appointment as CEO, the strategic alliance with GALP, and the engagement of B. Riley.

Ian Herman, Chairman of Global Aircraft Solutions, commented, "I am very proud of the progress that Global Aircraft Solutions has made since I became the founding Chairman and CEO of the Company at its formation early in 2002. We have now built a solid management team, which I am confidant no longer requires my full time oversight to successfully operate the Company. In my business career, my greatest enjoyment has always come from guiding start-up or distressed companies to the point where they are successful and self-sustaining. Accordingly, I will be stepping down from my role as CEO at Global Aircraft in order to operate this new start-up opportunity at GALP. I remain committed to providing strategic guidance and to building value at GACF as its Chairman of the Board. I am particularly pleased that the new business venture I am pursuing, if successful, will also contribute substantially to the future growth and success of Global Aircraft Solutions."

John Sawyer, President and CEO of Global Aircraft Solutions, added, "All of us at the Company look forward to continuing our working relationship with Ian as Chairman of GALP and GACF. I am excited about the business opportunities associated with our participation in GALP and I believe that our new relationship with B. Riley will play an important role in taking Global Aircraft to the next level."

About Global Aircraft Solutions, Inc.

Global Aircraft Solutions, Inc. (OTC BB: GACF - News) provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace and World Jet, both divisions of Global Aircraft Solutions, operate from adjacent facilities comprising about 35 acres located at Tucson International Airport. These facilities include hangars, workshops, warehouses, offices and other buildings. Notable customers include Avolar Airlines, BCI Aircraft Leasing, Jetran International, Goodrich Corporation, AAR, the Mexican Presidential Fleet, Pegasus Aviation, Shaheen Airlines, Iraqi Airways, Royal Khmer Airlines and Alant Soyuz.

Global's website is located at www.globalaircraftsolutions.com. The Hamilton Aerospace website is located at www.hamaerotech.com.

Safe Harbor

Except for the historical information presented, this press release contains "forward-looking statements" made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 or regulations there under including, but not limited to expected and estimated revenue and earnings. Forward-looking statements are made based upon management's expectations and belief concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management's expectations or that the effect of future developments on the Company will be those anticipated by management. The words "believes," "expects," "intends," "plans," "anticipates," "hopes," "likely," "will," and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company or its subsidiaries or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. These risks include the economic health of the airline industry, demand for Global Aircraft Solutions' services, and competitive pricing pressures. In addition, other risks are detailed in Global's Form 10-KSB for the year ended December 31, 2005, Global's Form 10-Q for the quarter ended March 31, 2006, Global's 10-Q for the quarter ended June 30, 2006 and Global's Form 10-Q for the quarter ended September 30, 2006. These statements speak only as of above date, and Global disclaims any intent or obligation to update them.



Contact:
Global Aircraft Solutions
Ian Herman, 520-275-6059
iherman@hamaerotech.com
or
Gordon Hamilton, 520-547-8631
dhamilton@hamaerotech.com
or
Alliance Advisors, LLC
Alan Sheinwald, 914-669-0222
asheinwald@allianceadvisors.net
or
B. Riley & Co., Inc.
Robert W. Campbell
Managing Director, Investment Banking
949-852-9911x234
949-852-0430 fax
www.brileyco.com

--------------------------------------------------------------------------------
Source: Global Aircraft Solutions, Inc

SC 13G filing - Form SC 13G/A out Mon, Feb 12, 2007

GACF broke 200ma....Q-results imo this week :)

Are we ??? imo buisness as usual

Later when they are larger, than they employ a lawyer.
Each large company has several lawyers.

Fleer

Delta is still in play, writes Mark Tatge of Forbes.com. Despite US Airways' failed takeover attempt, Tatge writes "you heard it here first: Delta will be bought or merged with another airline once it emerges from bankruptcy, fueling the fires of industry consolidation. Why? Delta simply can't make it on its own, despite assertions by Delta's CEO Gerald Grinstein that the carrier is better off a standalone." His rationale? "Even with the lower cost structure that bankruptcy will afford the airline, the carrier's route structure is much too parochial," Tatge suggests as one reason.

Though Delta has significantly expanded its international route network over the past year, the carrier owns few exclusive rights on hard-to-get routes or slots -– such as flights to China or landing slots at London Heathrow or Tokyo Narita. "The name of the game in the airline industry is scale, getting clout nationally and internationally. Without scale, there won't be enough passenger growth to support five or six large airlines," Tatge writes. He adds that "right now, everyone is playing a costly market share game. That's not good for profits. It could take three to five years for this scenario to play itself. There will be only a few survivors. All will have national and international route systems." And, apparently, he doesn't think a stand-alone Delta will be one of them.
------------------------------------------------------------

Delta Will Merge Eventually Posted on Thursday 1 February 2007
Mark Tatge at Forbes Magazine has a thought-provoking article this morning on Delta’s future. Mark argues that while the US Airways bid was not successful, Delta will still need to merge in order to compete.

Mark makes the point that Delta’s current structure is a hold-over from the days of airline regulation and that Delta has been able to maintain its oligopoly strength based on its hold of the Southeast.

He goes on to point out that the domestic airline industry is mature and only growing at the rate of GDP. Growth, he argues, is in international travel. In this environment consolidation is the only answer.

I think many would agree with the premise that consolidation is a natural evolution of a maturing industry like US air travel. Just as the telecoms have consolidated rapidly over the last 5 years, so to might the airline industry. The political challenges to consolidation appear to be greater for airlines, so I wouldn’t expect it to happen as quickly. That said, whenever a mega-merger does go through, it is sure to trigger other deals.

SC 13G/A just out 2007-02-01

who knows more,

http://www.azd.uscourts.gov/azd/callive.nsf/552b822403e5434a07256d6c007cc3ef/f8adade931fae1470725726...

......Although Global has made repeated demands upon Corwin Foster and Seajay Holdings
to return the 1,500,000 shares of common stock, Corwin Foster and Seajay
Holdings have failed and refused to return such stock. As a consequence of
Corwin Foster's and Seajay Holdings failure to return the common stock received,
Global initiated legal proceedings for damages in the amount of no less than
$1,000,000.00 plus interest and fees; the return of the 1,500,000 shares of
common stock; and punitive damages in the amount of $10,000,000.00.

form 424b3 page 18 (2006-10-20)

Big money got in, look at the last form 4 (jan 17)

More about the merger,

http://www.buildingabetterairline.com/

....A Jan. 24 hearing has been scheduled by the Senate Committee on Commerce, Science and Transportation on the state of the airline industry and the potential impact of airline mergers....

http://www.msnbc.msn.com/id/16558617/

Happy new year all :)

Photo from a Avolar plane, (10 by years end)

http://www.myaviation.net/search/photo_search.php?id=00924850

look at buyings.net we are on the naked
short list, day 15, can this be the reasons??

An happy camper :)

...All of those interviewed by Knowledge@Wharton agree that it is impossible to say with certainty whether US Airways will succeed in its takeover bid.

For one thing, Delta management appears firm in its resistance to the overture. Parker's challenge is to convince Delta's creditors that his offer would leave them better off than a solo Delta emerging from bankruptcy. In addition, Corridore notes that Delta management has the exclusive right to present restructuring plans to the bankruptcy court through February 15, 2007. "As long as Delta remains resistant to the idea, it will be months [before a deal is definitively culminated or rejected]," Corridore says....

From Dr Worm,

http://www.investorshub.com/boards/read_msg.asp?message_id=15098085

you state questions and you knew the answer.

I can only post 3 times a day, this may help,

http://www.sec.gov/cgi-bin/browse-edgar?company=tricell&CIK=&filenum=&State=&SIC=&am...

He didnt, he just own the companie, he can't sell before 2008.

imo, it's a tcll chart for 2008, first the r/s next year the start up in the USA etc, the best thing to do is sell when the ceo sells.... $0.15 is a good price at the moment.

No position

kipp440, i can give you 10 bad articles,
but can you explain this chart,

http://stockcharts.com/charts/gallery.html?$DJUSHB

imo, the big boys are buying...

Fleer

IT'S OH SO QUIET,

http://allbjork.com/gb/lyrics/index.php?page=iosq

My buy was marked red as a sell,
I'm not a painter, just buying here lol :)

This little investor got 5000 more,
marked as a sell...

I sold.
We have a bad Q and no news till the next, so i have 3 months to get back in (dont know now) 2007 will be a bad year, nasdaq puts will do fine... (ideas of the moment)

Thanks :)

To soon :) ordinary waiting...

Posted by: barryinla
In reply to: None Date:10/5/2006 11:23:29 AM
Post #of 4130

Picked up all my shares lower than when i sold at .30...Thanks MM's.......

Yes, with a small position. em

Sorry to fast,

May 13, 2005


IMPERIAL INDUSTRIES, INC. ANNOUNCES STRATEGIC ALLIANCE WITH DEGUSSA WALL SYSTEMS, INC. AND SALE OF ACROCRETE MANUFACTURING ASSETS

Pompano Beach , FL………Imperial Industries, Inc. ( NASDAQ SC: “IPII”) (the “Company”) announced today it has entered into a strategic alliance with Degussa Wall Systems, Inc. (“Degussa”). Degussa is part of Degussa Construction Chemicals, the world’s largest construction chemical company with sales in excess of $1.5 billion annually. As a result of the strategic alliance with Degussa, the Company’s wholly owned subsidiary, Acrocrete, Inc., has elected to exit the manufacture of acrylic stucco products and has sold certain assets, including the Acrocrete brand name, to Degussa. Under the terms of the asset purchase agreement with Degussa, the Company will receive an aggregate of $1,100,000 in cash, together with the net book value of certain accounts receivable and equipment.

The Company’s wholly-owned subsidiary, Just Rite Supply, Inc. (“Just-Rite”) entered into a three year distribution agreement with Degussa which provides for the future sale of Acrocrete products manufactured by Degussa. The Distribution Agreement will commence on October 1, 2005.

Acrocrete’s operating results have been the least profitable of the Company’s subsidiaries since the first quarter of 2004 and such profits continued to decline through the first quarter of 2005. For the year ended December 31, 2004 and the three months ended March 31, 2005, Acrocrete products generated net sales of $9,874,000 and $2,443,000, respectively, of which $5,007,000 and $1,446,000 for such periods were sold through Just-Rite.

Just-Rite will continue to market Acrocrete products through its strategic alliance with Degussa. The Company expects Just-Rite will also gain many additional benefits for its customers from Degussa producing and distributing the Acrocrete brand product offerings from this arrangement, including:



a broader product offering to reach new markets and a continuing opportunity to access new products through the research and development activities of a world-wide chemical company.
improved marketing capabilities.
the gaining of additional building code approvals and technology support.
greater access to product application design and engineering assistance.
greater access and recognition from contractors and architects.


The Company determined that it was not likely that sufficient production economies would be realized from Acrocrete’s acrylic stucco manufacturing facility in the future without an inordinate amount of investment and risk to combat increasing costs due to the sharp increase in its raw materials, which are principally oil based. Further, Acrocrete has not been able to obtain product liability insurance related to the sale of its acrylic stucco products used in exterior insulation and finish systems (“EIFS”) since March 15, 2004.

S. Daniel Ponce, Imperial’s Chairman of the Board stated: “We are excited about the strategic alliance we have established with Degussa. We believe this transaction provides our Company the ability to leverage its customer service capability strengths with its Just-Rite distribution network to ultimately grow our business with quality products produced by a world-wide premier chemical products company on a more competitive basis. Just-Rite will be well positioned through its relationship with Degussa to enhance future sales and profits.”

Degussa, headquartered in Jacksonville, Florida, is a leading manufacturer of EIFS, stucco, and specialty finishes and architectural coatings in North America. Degussa provides the technology and research and development activities for new products, as well as the necessary product code approvals and technical knowledge, to enhance its customers’ competitive positions within their markets.

http://www.imperialindustries.com/news/7_26_05.htm

Found this, (big news???)

Business Description
Imperial Industries, Inc.. The Group's principal activity is to manufacture and distribute building materials to dealers and others. The Group also involves in the manufacturing and selling of exterior, interior finishing wall coatings and mortar products for the construction industry. The products are marketed to developers, general contractors and subcontractors in the construction or renovation of residential, multi-family and commercial buildings and swimming pools. The Group sells products in Florida, Mississippi, Georgia and Alabama and to a lesser extent, other states in the Southeastern part of the United States as well as foreign countries. The Group manufactures products through its wholly owned subsidiaries, Premix-Marbletite Manufacturing Company and Acrocrete Inc. The Group distributes products through its wholly-owned subsidiary Just-Rite Supply Inc. The manufacturing facilities primarily produce and distribute stucco, roof tile mortar and plaster products.

Degussa Wall Systems Acquires Acrocrete

(Jacksonville, FL) July 26, 2005 – Degussa Wall Systems, the leading supplier of EIFS and Stucco facades in North America, is today announcing that it has acquired Acrocrete, a manufacturer of EIFS, Stucco and Coatings. Founded in 1988 Acrocrete has served the Southeastern United States focusing primarily in the commercial and multi-family market segments.
“The Acrocrete acquisition compliments the overall strategy of the Degussa Wall Systems business”, states Bill Kasik, President and CEO of Degussa Wall Systems. “It provides new distribution with upside organic growth by offering entry into certain markets and segments we are not currently servicing to full capacity.”
This acquisition, the third of its nature by Degussa Wall Systems, allows the company to continue to strengthen its leading market position through organic growth, acquisitions and the development of new products and markets.
Degussa Wall Systems, comprised of the Senergy, Finestone and SonoWall brands, is a leading manufacturer of EIFS, stucco, specialty finishes and architectural coatings. It is part of Degussa Construction Chemicals, the world’s largest construction chemicals group. Degussa Wall Systems headquarters are located in Jacksonville, FL. For more information, visit www.degussawallsystems.com....
http://www.acrocrete.basf.com/Acrocrete/...

http://www.acrocrete.basf.com/Acrocrete/...