EVCA News EVCARCO, Inc. Enters Into an Agreement to Acquire American Rodsmiths
2012-07-03 09:00 ET - News Release
FORT WORTH, TX -- (Marketwire) -- 07/03/12
EVCARCO, Inc. (OTCBB: EVCA) (OTCQB: EVCA) announced today that the Company has executed an acquisition agreement to acquire the majority ownership of American Rodsmiths, Inc., a Texas corporation. The transaction is expected to close in July 2012 following both companies completing due diligence.
Walter Speck, Executive Vice President of EVCARCO, stated, "This acquisition is part of our overall vision to add value to EVCARCO. It will allow us to leverage American Rodsmiths' branding and customer loyalty to solidify our business and marketing plans for rapid growth."
American Rodsmiths, Inc. (ARS), located in Houston, TX was founded by Robert Scherer in 1997 and is family owned and operated. The company manufactures and sells ARS fishing rods to retailers such as Academy, Bass Pro Shop, Cabela's, Gander Mountain and Dick's Sporting Goods. The company also has sales through private tackle shops and direct retail sales. To learn more about American Rodsmiths, Inc., please visit: http://americanrodsmiths.com .
Gary Easterwood, President and CEO of EVCARCO/The Third Stone Corporation, remarked, "I am extremely excited to share the news of our agreement to acquire American Rodsmiths. ARS is a leader in the fishing industry and remains the choice when you want state-of-the-art fishing rods for both salt and freshwater. We have been working behind the scenes with Robert Scherer to not only bring American Rodsmiths into the fold of the new corporation, but also position ARS to introduce revolutionary new products to an even broader audience."
