SOURCE: Standard Holdings Group Ltd.

March 25, 2008 08:30 ET

Standard Holdings Opens U.S. Plant, Increases Sales and Margins

MCLEAN, VA--(Marketwire - March 25, 2008) - Standard Holdings Group Ltd. (PINKSHEETS: SNDH) has significantly reduced overhead by opening a U.S. plant in Florida and closing its Canadian plant. The resulting lower costs have allowed the Company to decrease product prices, increase margins and expand the customer base.

Over the last four years, the U.S.-Canadian dollar exchange rate has fallen from $1.60 to $.99, with the greatest portion of the decline coming in the last six months. This added 61 percent to the existing inflation rate for the period, making the Company's Canadian-built products increasingly less competitive.

The U.S. plant has brought the Company important savings in labor costs, utilities, real estate, taxes, and bureaucratic paperwork. Proximity to both customers and sources of raw materials unhampered by cross-border delays and custom brokerage costs has further lowered costs and reduced pipeline times.

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the Standard Holdings Group web site at http://www.standardholdingsgroup.com.

Contact Information

  • Contact:
    Standard Holdings Group Ltd.
    703-821-3434