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Master Distribution Systems Acquires Roco Contracting Corporation
Vancouver - Phoenix, January 28, 2009 - Master Distribution Systems, Inc. (MDBS) today announced the completion of the acquisition of Roco Contracting Corporation (Roco) as a wholly subsidiary which was announced in November 2008.
The acquisition of Roco builds on the success of other acquisitions by MDBS in tourism and related areas. Roco is focused on the acquisition of distressed recreational, leisure and resort properties on a global basis. The success of Roco is in the simplicity of purchasing undervalued real estate properties in world class markets that have significant upside potential as prices rebound off market bottoms.
Harry Beugelink, President and CEO of MDBS states that: "The acquisition of Roco is consistent with MDBS's focus to grow its asset base through quality acquisitions of companies that have strong management team and strong growth potential."
"We are pleased to announce that Mr. Nelson Bayford, who has extensive industry experience in investment and real estate finance, has been appointed President - CEO of Roco Contracting" added Beugelink.
"Timing of a real estate purchase is an equally important factor along with financing terms and location. On a global basis there are incredible opportunities as a result of the credit crunch and those who have the means to acquire these bargains now assure themselves of future upside, with relatively low downside risk. We are currently reviewing opportunities that are selling for one third of the value only 12 months ago. Timing, it could not be better", says Nelson Bayford President of Roco.
About MDBS
MDBS's mission is to build a portfolio of value based companies throughout the world focusing on tourism. Its objective is to acquire high growth companies which strengthen their core tourism holdings. MDBS is focused on acquiring companies with strong management teams by building on its recognized merger and acquisition expertise. MDBS deploys the right people, processes, skills and technologies to consistently deliver unparalleled value and bottom-line results to its shareholders. The company shares are listed for trading on the PinkSheets exchange under the symbol MDBS.
Note: Forward Looking Statements
Some of the statements used in this New Release constitute forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Such forward-looking statements include, but are not limited to statements containing the words "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology. These statements reflect management's opinions only as of the date of this News Release. Actual results may differ materially. Moreover, this News Release does not constitute an offer to sell or a recommendation to buy any security as this information is intended solely for purpose of general information only.
Contact: Mr. Harry P. Beugelink
Tel.: (623) 748-1701
Email: harry@masterdistributionsystems.com
www.masterdistributionsystems.com
