Friday, March 05, 2010 4:41:07 PM
Are there any plans for Winning Brands to merge with another company in the near future?
There are no such plans, although the company has already received exploratory correspondence from a manufacturer of a consumer product that is available in 40,000 outlets. The purpose of the correspondence was to determine whether Winning Brands was interested in selling its Winning Colours Stain Remover brand to that company. Winning Brands thanked the enquiring party for their interest but considers it premature for a divestiture because Winning Colours Stain Remover has barely begun to establish itself as a household name. In due course, homes across America will use Winning Colours Stain Remover as a favourite in its category. Under such circumstances, a divestiture would bring a much better return to our shareholders.
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