Klegg Electronics, Inc. plans to expand into the property preservation
business by initially acquiring companies in
"We're very excited about entering this rapidly expanding business. While
it's unfortunate that many people do lose their homes to foreclosure, some of
the foreclosed homes require a considerable amount of renovation and
restoration work to make them salable. As the trend continues, more homes will
be left in disrepair. The effort we put in to restoring those homes will
result in profit for ourselves and our shareholders," stated
About Klegg Electronics, Inc.:
Klegg Electronics, Inc. is a manufacturer and distributor of high quality electronics products for business and consumers. The Company has focused on designing a variety of products that work seamlessly together in both commercial and home environments. The Company is in the process of expanding its business model to include the preservation of residential properties that have been acquired by mortgage lenders through foreclosure.
Safe Harbor Statement: This press release contains or may contain forward- looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
SOURCE Klegg Electronics, Inc.