Stratton Holdings, Inc. Enters Negotiations to Acquire Stake in Fire and Safety Servicing Company
December 29 2010 - 1:45PM
Marketwired
Stratton Holdings, Inc. (PINKSHEETS: STHG)
(www.stratton-holdings.com) announced today that it has entered
into negotiations to acquire a stake in a privately held fire and
safety servicing company located in northern California.
The initial agreement gives revenue sharing terms that will
provide a reoccurring revenue stream for the company. As of now it
is a minority stake with a one year option to increase it. The
targeted service company has been in business for nearly seven
years and has proven to have consistent sales every single quarter.
They have a client list of reputable stature and have an incredible
customer return rate. In addition part of the initial contract puts
a board member of Stratton Holdings onto the of the targeted
company's board.
Stratton Holdings, Inc. plans on releasing the specifics about
the company when both parties have executed the agreement. The
company hopes to execute this transaction in the month of January
of 2011.
ABOUT STRATTON HOLDINGS, INC.
Stratton Holdings was formed in 2008 and makes equity and
equity-related investments in companies that require expansion
capital; also if necessary, a restructuring of the company in the
direction of viability and expansion.
Stratton Holdings, Inc., as a diversified holding company, is in
a formation stage which will focus on holdings obtained through
reverse mergers, acquisitions, joint venture partnerships,
Distressed Properties, and leveraged buyouts: Stratton Holdings,
Inc. is a Pink sheet-listed holding company focused on value-added
real estate acquisitions, including real estate foreclosures, real
estate investment and operating companies, and joint venture
investments.
More information regarding Stratton Holdings, Inc. (PINKSHEETS:
STHG) can be found at its corporate website,
www.stratton-holdings.com
Safe Harbor Statement: The Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for forward-looking
statements. Certain of the statements contained herein, which are
not historical facts, are forward-looking statements with respect
to events, the occurrence of which involve risks and uncertainties.
These forward-looking statements may be impacted, either positively
or negatively, by various factors. Information concerning potential
factors that could affect the Company is detailed from time to time
in the Company's reports filed with the Securities and Exchange
Commission.
Contact: Stratton Holdings, Inc. Investor Relations
info@stratton-holdings.com