SOURCE: Serefex Corporation

October 04, 2007 09:45 ET

W.P. Hickman Systems Inc. Commences Due Diligence With Serefex Merger

SOLON, OH--(Marketwire - October 4, 2007) - W.P. Hickman Systems, Inc. announced today that it has begun its due diligence relating to the recently announced merger with the Serefex Corporation (OTCBB: SFXC). The proposed merger would occur through a stock exchange between the two companies resulting in W.P. Hickman Systems' current owners having a majority ownership of Serefex Corporation. W.P. Hickman Systems will also have majority representation on the Serefex board of directors to ensure that W.P. Hickman Systems' long range plans for growth and expansion are enhanced through the publicly traded company.

W.P. Hickman Systems President and CEO Dave D'Anza said, "Our current national business is poised for significant growth and Serefex offers us the vehicle in which to pursue it." He also stated, "This agreement between our two Companies will bring many opportunities, not only to Hickman as a Company, but also to its members. It was very important that we were able to draft an agreement that put us in the driver's seat in determining the direction of our own entity."

About W.P. Hickman Systems

For decades, W.P. Hickman Systems, Inc. has served as a leading provider to the public, commercial and industrial building segments with more than 300 engineered products marketed under the Hickman brand name. These include GENISYS™ roofing systems, coal tar and asphalt based roofing materials, edge metals, repair products, epoxy flooring, sealants and below grade waterproofing systems. Many of our products are environmentally preferable and carry Energy Star® or LEED® ratings. W.P. Hickman Systems, Inc. is the industry benchmark for service excellence, delivering world-class Roofing Systems Built for Life™. For more information, visit http://www.wphickman.com.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.

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