TDZ Holdings Inc.

September 16, 2005 13:36 ET

TDZ Holdings Inc.-Second Payment Received

TORONTO, ONTARIO--(CCNMatthews - Sept. 16, 2005) - TDZ HOLDINGS INC., today announced the following:

On August 2, 2005, the Company announced that it had received an initial payment of $976,800 pursuant to certain entitlements on the closing of the sale of the Construction Technology Business. Today, the Company received a second payment of $589,391 as a result of various post closing adjustments. The balance of the Company's entitlement is payable within two years following the closing and cannot be predicted at this time as it is dependent upon further various post closing adjustments which are to be made over this two year period.

Contact Information

  • TDZ Holdings Inc.
    Mr. Harvey Fruitman, Executive Vice President,
    Secretary, and Chief Financial Officer
    (416) 661-9290