Pompano Beach, FL (PRWEB) January 31, 2005
Frank P. Crivello, Managing Member, Crivello Group, LLC (ÂCGÂ) announced today that Heritage Garage Builders, Inc. (ÂHeritageÂ) completed its rehabilitation and to the plant, equipment, improvements, and land assets formerly owned and operated by Tru-Built Lumber, Inc., (ÂTru-BuiltÂ) in Williamsport, Indiana. Heritage plans to begin production on February 10, 2005.
CG provided financing to Heritage in its purchase from Tru-Built. Before Tru-Built entered bankruptcy and ceased operations, it manufactured prefabricated garages and sold them through a dealer network to homeowners throughout the Midwest. Heritage will manufacturer and install prefabricated garages through out its dealer and retail network in Midwestern states.
ÂThe restoration of this plant was more 'art' than 'science'. Within budget and on our schedule, we made necessary improvements to the building and capital equipment. We are hiring staff. Our training program has commenced. We are poised to start sales and production early next month,Â said Heritage Executive Vice President Jerry Bullock.
ÂHeritage completed its restoration and improvements on time and on budget. It is poised to ramp up production just in time for the beginning of the 2005 housing construction season. We have and will provide financing and strategic consulting services to Heritage,Â Said CG Managing Member, Frank P. Crivello.
About Crivello Group, LLC http://www.crivello.com: CG is a strategic advisors and partners to distressed and emerging companies. CGÂs solutions for distressed or emerging company that include:
Â Capital & Debt Alternatives
Â Staff, Boards, and Professionals
Â Divestiture & Dissolution
Â Plan of Restructuring or Reorganization
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of CG could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the companyÂs operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
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