The Silver Recycling Company Announces Changes to Corporate Advisors Increasing Capabilities for Further U.S. Acquisitions
July 15, 2008
The Silver Recycling Company Inc
VANCOUVER, BRITISH COLUMBIA
Marketwire via COMTEX News Network
The Silver Recycling Company Inc. (TSX VENTURE:TSR) ("Silver Recycling") is pleased to announce that it has the following changes to its corporate advisors.
The Board of Directors has selected Deloitte & Touche LLP as the Company's independent auditor commencing with the fiscal year ending June 30, 2008. Dale Matheson Carr-Hilton Labonte LLP ("DMCL") is the Company's current independent auditor. The intended change in independent auditor does not result from any disagreement or dissatisfaction between Silver Recycling and DMCL.
Jones Day has been appointed principal U.S. counsel. Jones Day is among the largest M&A practices in the world. Their M&A team is composed of corporate, tax, and regulatory lawyers who are recognized for their substantive knowledge and creativity.
Zarwin Baum DeVito Kaplan Schaer Toddy P.C. ("Zarwin") provided exemplary service as M&A counsel on Silver Recycling's recent acquisition in Philadelphia. Silver Recycling expects to retain Zarwin's M&A services for future acquisitions in the northeast U.S.
Lang Michener LLP remains as the Silver Recycling's Canadian corporate counsel.
G2 Consultants Corporation of Vancouver, B.C. has been retained to provide financial public relations services. G2 Consultants will assist the Company in expanding its profile and conveying the Company's key messages to the investment community beyond the Company's existing investor base in North America. Under the terms of the agreement, the Company has retained G2 Consultants for a twelve-month period effective July 1, 2008 and expiring June 30, 2009, subject to a 30-day termination notice. G2 Consultants will be paid $8,000 per month plus approved expenses for selected services. Barry D. Russell, principal of G2 Consultants Corporation and The Silver Recycling Company are at arm's length.
"Bringing these strong professional groups on board to advise Silver Recycling will allow us to move forward with our business strategy in an efficient and accelerated manner" says Don Holmstrom CA President and CEO.
About 'The Silver Recycling Company Inc.'
Silver Recycling is a consolidator of privately-owned silver and other precious metals recycling companies and recently closed the acquisition of two companies in Pennsylvania as announced in the news release of May 28, 2008. Silver Recycling is continuing to review other candidate companies within the precious metals recycling industry for acquisition and integration in alignment with the Company's business strategy. Information about Silver Recycling is available on their website www.silver-recycling.com.
SOURCE: The Silver Recycling Company Inc.
The Silver Recycling Company Inc. Mr. Don Holmstrom CA President & CEO (604) 688-3011 x222 Email: firstname.lastname@example.org The Silver Recycling Company Inc. Mr. Sidney R. Stern Executive Director (604) 688-3011 x224 Email: email@example.com Website: www.silver-recycling.comCopyright (C) 2008 Marketwire. All rights reserved.