SOURCE: Carley Enterprises, Inc.

September 29, 2009 16:09 ET

Carley Enterprises Ramps Up Acquisition Efforts

MOORESVILLE, NC--(Marketwire - September 29, 2009) - Carley Enterprises, Inc. (PINKSHEETS: CRLY) announced today the company is ramping up its efforts in targeting potential acquisition candidates based on the improved economic conditions. Carley Enterprises assists emerging companies, both private and public, with their growth and expansion efforts. One sector the company is focused on is the Healthcare industry according to Matthew Carley, CEO of Carley Enterprises, Inc.

"Although the acquisitions market has experienced a downturn for much of this year, certain sectors such as technology, energy and healthcare have presented some of the best opportunities to date," said Carley. "We are seeing an uptick in activity and signs of restored confidence so we believe the fourth quarter will certainly be an opportune time for us to take a serious look at potential candidates for possible acquisition."

About Carley Enterprises, Inc.:

Carley Enterprises, Inc. advises and assists emerging, revenue producing businesses that exhibit a strong likelihood of profitability with their growth and expansion efforts. In doing so, Carley Enterprises will typically take an equity position in the company which allows diversification of risk as well as the opportunity to realize the benefits of our clients' anticipated success.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

Contact Information

  • Contact:
    Investor Relations
    David Donlin
    Cervelle Group
    Phone: 407-614-5959 ext. 223