Divcom Lighting Inc. - 500 Beiträge pro Seite

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Profile:Divcom is a rapidly growing North American manufacturer of architecturally designed energy-efficient lighting products for retail and commercial markets across Canada and the United States. The Company's strategy is to acquire lighting companies in the highly fragmented North American lighting market, then grow sales organically by integrating the acquired companies and their products lines into Divcom's extensive North American marketing and distribution network, which includes more than 2,000 distributors and agents. The Company's products are used in residential, urban communities, roads and tunnels, and in lighting for public, commercial, industrial, hospitality and custom installations.

http://www.divcomlighting.com/

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Divcom Lighting Closes Multi-Million Dollar per Year Agreement with Home Depot Canada to Launch Illume Energy Efficient Lighting Program
Friday October 12, 12:53 pm ET


MONTREAL, Oct. 12 /CNW/ - Divcom Lighting Inc. ("Divcom" or the "Company")(TSX: DVQ - News), a leading manufacturer of energy efficient lighting products throughout North America, today announced it has concluded a multi-million dollar per year agreement with Home Depot Canada to launch the "Illume" energy efficient lighting program in all Home Depot stores across Canada. Under the terms of the agreement, Divcom will be Home Depot's main supplier of undercabinet lighting products in Canada. Linogene, a Divcom subsidiary which specializes in undercabinet lighting, has established itself as a leader in this niche business and will be the main provider of these lighting products. Included in this program is a full range of LED fixtures as well as energy efficient fluorescent products. With this program, Divcom becomes the first company in Canada to introduce high power LED based retail products.
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Illume is a brand that was developed by Divcom exclusively for Home Depot and is expected to be rolled out in spring 2008. This program is in line with Home Depot's eco-options program which is making a large push towards environmentally friendly home products. The Illume program represents a significant milestone in Divcom's plan to be a leader in the manufacturing of energy efficient lighting fixtures,, especially the ones utilizing LED technology.

"This agreement represents one of the most important single-order in Divcom's history and is testimony of the strong relationship we have built with Home Depot," said Aslam Khatri, President and Chief Executive Officer of Divcom Lighting. "While we have achieved this great accomplishment in Canada, our goals and intentions are always looking forward at the U.S. market which is ten times the Canadian market. We believe with our new energy efficient products and a great distribution network available to us through our U.S. Adjusta post division, we are poised to become a North American leader in energy efficient lighting products."

"Our strategic positioning is starting to pay off and as we can see through this agreement, the energy efficiency trend clearly is the future of the lighting market," said Joey Khatri, Executive Vice President of Divcom Lighting. "Having made significant investments in R&D during the past three years, Divcom is setting new quality standards for energy efficient lighting products. We believe the Company is in a great position to seize this growing market's business opportunities."

About Divcom

Divcom is a rapidly growing North American manufacturer of architecturally designed energy-efficient lighting products for retail and commercial markets across Canada and the United States. The Company's strategy is to acquire lighting companies in the highly fragmented North American lighting market, then grow sales organically by integrating the acquired companies and their products lines into Divcom's extensive North American marketing and distribution network, which includes more than 2,000 distributors and agents. The Company's products are used in residential, urban communities, roads and tunnels, and in lighting for public, commercial, industrial, hospitality and custom installations. For further information, please visit www.divcomlighting.com.

Forward-Looking Statements

Certain statements made in this press release and other statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives other than statements of historical facts are forward-looking statements. We cannot guarantee that we actually will achieve the results, plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on them. There are a number of important factors that could cause our actual results to differ materially from those indicated or implied by forward-looking statements including, but not limited to, the impact of any special items or of any dispositions, monetization, mergers, acquisitions, business combinations or other transactions that may be announced or that may occur after the date hereof. Risks that could cause actual results to differ materially from those projected include, but are not limited to, the effect of general economic conditions, decreases in demand for the Company's products, increases in costs of raw materials, changes in the relative value of the Canadian and U.S. currencies, and fluctuations in selling prices. For a description of material risk factors, please refer to the Company's annual information form and to our periodic filings with securities regulatory authorities, which are available on SEDAR at www.sedar.com. These factors should be read as being applicable to all related forward-looking statements wherever they appear in this press release. The information in this press release, including any forward-looking statements, is provided as of the date of this release and should not be relied upon as representing our estimates as of any subsequent date. We do not assume any obligation to update or revise any forward-looking statements except as required by law, whether as a result of new information, future events or otherwise.



For further information

Aslam Khatri, President and CEO, Divcom Lighting, [phone]
Deric Vourantonis, C.A., VP Finance, Divcom Lighting, [phone]
Matthieu Cardinal, Investor Relations, The Equicom Group Inc., [phone], [e-mail]



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Source: DIVCOM LIGHTING INC.

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