Immediate revenues to be generated through Stirling Products...

Immediate revenues to be generated through Stirling Products North
America Inc.
• Focused scale-up as Stirling expands new business phase.
Stirling Products Limited (ASX:STI) advises shareholders that it will immediately
commence generating revenues through the newly formed North America subsidiary
Stirling Product North America Inc.
Following the recent approval by Stirling shareholders on August 22 (ASX: August 22,
2007), final transactions for the completion of the acquisition were held at the Canadian
Consulate in Sydney on Friday August 24. The signing of the Share Sale and Purchase
agreements was attended by the Canadian Consul General, Deputy Consul General and
other members of the Canadian Trade Commission.
“This is a great outcome. It provides revenue, cash flow and a tangible, approved
product to grow market share and brand awareness. The other great benefit is that it
provides a sales and distribution pathway to market for our new and innovative Rsalbutamol
products,” said Stirling Products Limited CEO Dr Calvin London.
Stirling Products North America Inc. (which will continue to trade as Progressive
BioActives Incorporated, PBI) has acquired technology to extract and produce natural
bioactive ingredients for immune health & productivity solution for the agriculture,
aquaculture and pet feed industries. Stirling will tap into the US$15 billion animal feed
additives market with PBI’s existing beta glucan product, ProVale™ as well as Stirling’s
own growth promoters which are under development.
At the Board meeting of Stirling Products late last week, approval was given for the first
stage of expansion to the Prince Edward Island facility, which will double the company’s
output and a cost of less than CAD$100K.
“This deal is all about synergy allowing us to combine our respective technologies for
mutual benefit and global growth in all markets especially the Americas, with a range of
complementary animal health products,” said Dr London. “Stirling will ensure that we
are in a position to supply product to customers before they sign distribution agreements
with us. As we have just signed some new agreements (ASX July 30, 2007), we now
need to go to the next stage of production,” he added.
ENDS.
For personal