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[QUOTE]Originally posted by Batman: [QB] Gateway Distributors, LTD Signs Letter of Intent to Acquire Salt Lake City Distribution Company; Acquisition Forecasted Business Editors LAS VEGAS--(BUSINESS WIRE)--July 20, 2006-- Gateway Distributors, LTD (OTCBB: GWDB) announced the company signed a binding letter of intent for the acquisition of Marshall Distributing, LLC, a health supplement distributor in Salt Lake City. Marshall owns and operates an e-commerce site, and real estate and distribution center, together valued at over $6 million and all of which are included in the deal. In addition to gaining these assets, the acquisition is forecasted to increase the company's 2006 revenues by $2.5 million. "The company's sale of real estate to Cal-Bay International (OTCBB: CBAY) facilitates this exciting acquisition," said Gateway President and CEO Rick Bailey, referring to the company's 30 million shares that it holds of Cal-Bay International preferred stock. "In addition to vastly increased company earnings and asset gains, we are confident that this acquisition will cost-effectively allow us to expand the focus of our core business and streamline our fulfillment processes while increasing the company's product inventory from 29 products to in excess of 6,000." Additional information can be found at: http://www.rightsolution.com and http://www.marshalldc.com. FORWARD LOOKING SAFE HARBOR STATEMENT To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The company assumes no obligation to update any of the forward-looking statements in this release. KEYWORD: NORTH AMERICA NEVADA UNITED STATES INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL MERGER/ACQUISITION SOURCE: Gateway Distributors, LTD CONTACT INFORMATION: Gateway Distributors, LTD, Las Vegas Rick Bailey, 702-317-2400 [/QB][/QUOTE]
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