SOURCE: Reddi Brake Supply Corporation

May 11, 2007 16:00 ET

Reddi Brake Supply Corporation and Hidden Splendor Resources, Inc. Set to Close Multimillion Dollar Reverse Merger Transaction in Early June

Company to File Audited Accounts With SEC

SALT LAKE CITY, UT -- (MARKET WIRE) -- May 11, 2007 -- Reddi Brake Supply Corporation (OTCBB: RDDI) company President / CEO Michael J. Zwebner announced today that the multimillion dollar reverse merger transaction with Hidden Splendor Resources, Inc., announced on April 30, 2007 and expected to close on May 14, 2007, is now expected to close in early June 2007. The brief delay in closing is due to the massive volume of information as well as audited accounts for the incoming acquisition company that must be gathered and affirmed as a condition of closing according to applicable SEC and other regulations.

Hidden Splendor Resources, Inc. is a Nevada corporation which operates a coal mining operation in Utah. The reverse merger transaction calls for the acquisition of 100% of the outstanding stock of Hidden Splendor Resources, Inc. The company in its future filings will shortly announce further details relating to the transaction.

Further information regarding Reddi Brake Supply Corporation is available from the company.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.

Contact Information

  • Contact:
    Reddi Brake Supply Corporation
    Corporate Communications
    (801) 578-3286