B3408 - VR LONDON'S EXECUTIVE SUMMARY

METAL FABRICATOR FOR SALE

We are accepting offers for the shares of this profitable fabricating business. The company specializes in the custom manufacture of steel stairs and railings to project contractors for new construction and to the replacement aftermarket.

The company operates in SW Ontario. The current plant is capable of doubling capacity with very little effort or cost. Annual sales are in the $2,000,000 range. The required technical and production expertise is in place and is well documented. There is a small loss carry forward available and there is a significant opportunity to increase corporate debt.

Year end book value of the company is $566,594, net cash to owner was $168,529 for the last 12 months and the current value of the hard assets is about $700,000. Real estate is included and there are currently 3 months orders in place.

Due to the personal circumstances of the current owner, we are looking for cash offers for the shares of the corporation in as short a time period as possible.

All purchasers will be required to sign a confidentiality statement before a Business Profile containing confidential information will be provided. First offers should be by Letter of Intent supported by proof of ability to purchase.

For further information on this opportunity please contact Al Barrett at VR London Inc.

Phone; 519 673 3197

Fax; 519 673 3197

Email; vrlondon@rogers.com

Telephone: (519) 673-3197 • Fax: (519) 673-3199

Email: vrlondon@gtn.net

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