The Penrose Group Inc.

The Penrose Group Inc.

November 16, 2010 09:44 ET

The Penrose Group Announces Sale of Rubber Tech International to an Undisclosed Purchaser

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2010) - The Penrose Group Inc., a leading Canadian consulting and M&A firm, is pleased to announce that it has facilitated the sale of Rubber Tech International Inc ("Rubber Tech") to an undisclosed purchaser. The deal, which is an eight-figure transaction, closed today and includes a long-term crumb supply agreement with world-leading, recycled rubber products manufacturer Champagne Edition Inc. ("Champagne").

Lindsey M. Penrose, President and Chief Executive Officer of The Penrose Group commented, "We are extremely proud to have facilitated the sale of Rubber Tech and hope to build a long lasting and mutually beneficial relationship with the purchaser. This was a smooth transaction and our team did a great job putting it all together, it's a win-win situation for all involved."

The Penrose Group will continue to function as the lead business development consultant for Champagne. Champagne's range of patented products and trademarked brands include Soft Step, Soft Stall, Eco-Flex, Yukon Mats and E-Z Drive. The Penrose Group will also be working to expand Champagne's manufacturing operations across Canada and the United States. Eco-Flex has been featured on CBC, Global National and in newspapers like The National Post and the Toronto Star. For more information please visit www.eco-flex.com.

About The Penrose Group

The Penrose Group is a consulting firm that helps businesses raise capital, manage projects and acquire or dispose of assets.

Founded in 2003, the company was initially formed to privately facilitate acquisitions and perform due diligence on commercial properties across Canada. It has since evolved into an organization that has found success specializing in the fields of land assembly, syndication, corporate finance, project management and sell-side M&A transactions. Having operations in both Toronto, Ontario and Edmonton, Alberta, The Penrose Group continues to seek new M&A and Investor Opportunities. www.thepenrosegroup.ca.

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