MLB Industries Inc.
CNSX : BMP

MLB Industries Inc.

May 06, 2011 13:00 ET

MLB Announces Advisory Services Agreement With Zydeco Capital

CALGARY, ALBERTA--(Marketwire - May 6, 2011) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MLB Industries Inc. (the "Company" or "MLB") (CNSX:BMP) is pleased to announce that it has entered into an agreement with Zydeco Capital Inc. ("Zyedeco"), of Kamloops, BC. Zydeco will provide the Company with business consulting services related to MLB's plans to re-develop its business model going forward.

The agreement provides for a monthly stipend of $5000 per month plus reasonable out-of-pocket expenses. After a three-month period, it is anticipated that MLB will grant incentive stock options to Zyedeco within the guidelines of the CNSX policies for such-like services, and commensurate with normal course business relationships of this kind.

MLB intends to continue its negotiations with Etiah H. Enterprises Inc. ("Etiah") to further assist Etiah in its endeavor to become a reporting issuer, and develop both the business model of Etiah, as well as the new business model for MLB.

Aric Ferguson, President of Zydeco comments: "I look forward to working with the management team at MLB, with the goal of generating deal-flow and shareholder value through our unique approach to assisting Junior Reporting Issuers traded on the CNSX with capital market opportunities."

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of MLB as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although MLB believes that the expectations reflected in the forward-looking statements set out in this News Release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of MLB contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the cautionary statements contained in any statement incorporated herein by reference.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of MLB in any jurisdiction. The securities of MLB have not been registered under the Securities Act of 1933, as amended (the "1933 Act") and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the 1933 Act and applicable state securities laws.

Contact Information

  • MLB Industries Inc.
    Mr. Nathan Hansen
    President and Chief Executive Officer
    (250) 683-8957