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Wednesday, April 08, 2009 9:45:14 AM
See below - They bought part of a company as a short-middle term investment ...
Signature Aquires Stake in a Waste Management Company
Signature Leisure, Inc. (Pink Sheets:SGLS) announced today that the Company recently has acquired an investment stake in a waste management company.
The waste management company has technologies and equipment for the safe disposal of solid and hazardous waste materials. The goal is to handle waste in a more environmentally friendly manner than is now the case in most waste systems. Designed to reduce airborne pollutants, the systems are designed to produce electricity and clean water during the waste reduction process.
Stephen W. Carnes, President of Signature Leisure, Inc., stated, “After careful review, I liked what I saw going on with the waste management company and I believed that the investment could provide a nice return for the Signature in a short to moderate timeframe. My main goal is to continue to build a variety of increasing revenue streams for Signature as well as build assets within the company. We will continue to seek out additional opportunities that we believe possess significant opportunities for both revenue and asset appreciation.”
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