|
|
Article: Charter Equities Signs Acquisition Letter of Intent.
- Article from:
- Business Wire
- Article date:
- October 9, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GILBERT, ARIZ -- Charter Equities, Inc. (Pink Sheets: CEQI) announced today the signing of a Letter of Intent to acquire a second southern California RV dealership. Charter subsidiary, Saddleback Recreational Vehicles, Inc., www.saddlebackrv.com, signed a Letter of Intent to acquire the assets and business of a 25 year-old RV dealership that will consolidate its primary operations into the Saddleback facility in Colton, California, while also operating under the Saddleback name at its existing long time southern California facility. This second dealership has a consistent record of approximately $10,000,000 of annual revenues. The LOI calls for part cash and stock as the ...