SOURCE: Serefex Corporation

September 19, 2007 09:45 ET

Serefex Signs Definitive Agreement to Acquire National $30 Million Company

NAPLES, FL--(Marketwire - September 19, 2007) - Serefex Corporation (OTCBB: SFXC) said today that it has signed a binding definitive agreement to acquire, through a share exchange, a majority stake in the nationally renowned W.P. Hickman Systems, Inc., located in Solon, Ohio. W.P. Hickman Systems, Inc. is a privately owned company formed in 1985 which manufactures and sells premium quality roofing materials and products to building owners along with systems for flat roofs in connection with green roofs, roof maintenance, retrofit and replacement to its over 5,000 customers.

Additionally, W.P. Hickman Systems, Inc. serves as a roofing and waterproofing advisor to the remedial building maintenance market and occupies a specialty service niche for maintenance, restoration, or replacement of flat roofs for industrial and commercial buildings. Its services are designed to coordinate every aspect of a roofing or waterproofing project. W.P. Hickman Systems, Inc. has approximately one hundred personnel consisting of a 50-man sales force, research and development, quality assurance and administrative personnel.

Upon completion of the transaction, W.P. Hickman Systems, Inc. controlling shareholder, David N. D'Anza will assume the role of Chairman of the Board for Serefex Corporation and continue as the Chairman of W.P. Hickman Systems, Inc. Brian S. Dunn will remain as President and CEO of Serefex Corporation.

Serefex President Brian Dunn said, "We are very pleased to be aligned with such a nationally well known and highly respected firm as W.P. Hickman Systems, Inc. and we look forward to helping them further grow their business by sales force expansion, manufacturing, distribution and retail marketplace opportunities.

"With the anticipated closing of this acquisition, on or about October 31, of this year, Serefex is laying a foundation for continued growth by increasing its revenues, customer bases and marketable lines of products and services."

David N. D'Anza, CEO of W.P. Hickman Systems, Inc., added, "Our current national business is poised for significant growth and Serefex offers us the vehicle in which to pursue it. We are internally gearing up for this growth by most recently nominating our highly, industry-wide respected National Sales Manager, Steve Harnish, for the role of President. Steve has been in the business for 24 years and knows what it takes to accomplish our expansion plans."

Parties wishing to receive Serefex press releases electronically should enter their e-mail address under the "investor relations" link -- the fifth button on the black menu bar -- on the Serefex website (

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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