Sorell, Inc.
PINK SHEETS : SLLI

August 09, 2007 12:56 ET

Tojen Holdings Ltd. Completes Merger/Acquisition with Sorell, Inc. (SLLI.PK)

STAFFORDSHIRE, ENGLAND--(Marketwire - Aug. 9, 2007) - Sorell, Inc. (PINK SHEETS:SLLI) are pleased to confirm the filing of the 2005 and 2006 consolidated audited accounts, which show a dynamic increase in year on year revenue and profit. Tojen's 2005 and 2006 accounts showed tremendous growth and potential upon filing the 8K with revenues of $18 million in 2005 and $459 million in 2006 with a gross profit declared of $90k during 2005 and $4.77 million in 2006. See http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5337428 for the complete details.

The acquisition of Tojen Holdings Ltd. by Sorell, Inc. was completed earlier this year. This now provides a platform for the extension of Tojen activities into the worldwide distribution markets.

Tom Adams, CEO of Sorrell, confirmed today the company is in discussions with several merger candidates. These transactions are being considered as strategically and financially opportune. As Sorrel moves onto the next level of opportunity with strengthened management, product variance and increasing sales, margins will increase and profitability will improve.

"We have a number of strategic alliances in mind that have been waiting for
us to complete this formality," Adams confirmed. "We have shown that we are
a serious trading platform internationally with an excellent logistics
strategy and we are now poised to accommodate a number of potential partners
who will strengthen our international sales presence."

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact Information

  • Sorell, Inc.
    Tom Adams, President
    +44 8703 899902 UK Office or +44 7971 905 876 UK Cellphone
    (407) 232-3270 USA Cell