Clarity Gold (CSE:CLAR)
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Clarion Announces Acquisition of Equipment in Iowa
GRAND RAPIDS, Mich., Dec. 11 /PRNewswire-FirstCall/ -- Clarion Technologies,
Inc. (BULLETIN BOARD: CLAR) today reported that it has signed an agreement to
purchase certain molding equipment at the Pella, Iowa facility of Engineered
Plastics Components, Inc. The purchase price for the equipment is $1,090,000,
and the purchase is scheduled to close in mid- December, 2003.
This purchase is expected to provide Clarion with the opportunity to obtain
business from a new large appliance customer located in Iowa. In addition,
Clarion will pursue current and future growth opportunities with existing
customers in both the consumers products and automotive markets located in Iowa
and the surrounding states.
Clarion Technologies, Inc. operates five manufacturing facilities in Michigan
and South Carolina with approximately 145 injection molding machines ranging in
size from 55 to 1500 tons of clamping force. The Company's headquarters are
located in Grand Rapids, Michigan. Further information about Clarion
Technologies can be obtained on the web at http://www.clariontechnologies.com/
or by contacting Mary Asadorian at (616)233-6680.
With the exception of historical factual information, the statements made in
this press release include forward-looking statements. These statements are
based upon current expectations and are made pursuant to the safe harbor
provisions of the Private Litigation Reform Act of 1995. Such forward-looking
statements involve certain known and unknown assumptions, risks and
uncertainties that could cause actual results to differ materially from those
included in or contemplated by the statements. These assumptions, risks and
uncertainties include, but are not limited to, those discussed or indicated in
the Company's Annual Report on Form 10-K for the year ended December 28, 2002
and in all documents filed by the Company with the Securities and Exchange
Commission. The Company disclaims any obligation to update any forward- looking
statements as a result of developments occurring after the date of this press
release.
DATASOURCE: Clarion Technologies, Inc.
CONTACT: Mary Asadorian of Clarion Technologies, Inc., +1-616-233-6680
Web site: http://www.clariontechnologies.com/