SANTA MONICA, CA -- (MARKET WIRE) -- 06/26/06 -- Business Development Company Rudy 45 (PINKSHEETS: RDYF) today announced that negotiations are underway for the company to acquire a specialty laminating, varnishing, and print finishing company. This acquisition target is independent and unique from the previously announced Letter of Intent with EDI Marketing.
If consummated, this acquisition would add a 15-year operating company with revenues exceeding $50,000,000 annually to the Rudy 45 business portfolio. The acquisition target principally produces puff, glitter, heat sensitive varnishes, textured laminates, and reflective products for use by manufactures/assemblers of industrial and consumer products. The company has signed a non-disclosure agreement which prohibits dissemination of more specific information at this time; however, the company remains steadfast in seeking economically viable acquisition targets to increase shareholder value.
Management expects current and future acquisition targets to generate, in the aggregate, over $100M in revenues by year-end 2006.
About Rudy 45
As an investment company that has elected to be treated as a "Business Development Company" (BDC) under the Investment Company Act of 1940, Rudy 45 is looking to invest in companies that are cash flow positive or likely to become cash flow positive in the foreseeable future based on sound economic fundamentals. These entities will have the prospect for expansion as a result of access to capital and/or additional management acumen. As part of this strategic process, the Company is looking for investment opportunities in all consumer product categories and/or services that have the potential for a positive return on investment, both in terms of current income and capital appreciation.
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