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From the Wires
Steadfast Holdings Announces Agreement With Savage Arms to Coat Shooting Ranges
Steadfast Holdings Announces Agreement With Savage Arms to Coat Shooting Ranges
By: Marketwire .
Jan. 4, 2008 12:14 AM
WEST PALM BEACH, FL -- (MARKET WIRE) -- 01/03/08 -- Steadfast Holdings Group, Inc. (PINKSHEETS: STHG) announced they have signed an Agreement with Savage Arms to spray coat the first two of several shooting ranges. Steadfast CEO John Calash in making the announcement said, "These are the first of several ranges we will be coating and what we visualize to be a long business partnership between Steadfast and Savage Arms. This agreement with Savage Arms will generate approximately $300,000 in annual revenues." Steadfast Holdings distributes a variety of products to the automotive aftermarket. The core business is its spray-on truck bed protection product which offers specially formulated polymers that permanently bond to the truck's bed. The Company's spray-on Polyurea is a remarkable technology with a range of uses limited only by one's imagination. They are utilized in commercial, industrial, agricultural, military and custom applications when this tough coating is used to protect everything from metals to concrete against chemicals, solvents, fuel, etc. The Company is a licensed dealer for the following aftermarket products: A.R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars, Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories and Lift Kits. The Savage Arms Company was organized in 1894 by Arthur Savage in Utica, New York. Throughout its long history, Savage Arms has remained a industry leader in arms and ammunition. Currently, they offer a product line that includes, but is not limited to, hand guns, rifles, shotguns and archery, along with a retail clothing line and shooting ranges. In 1992, Savage designed and patented the SNAIL, an environmentally friendly shooting range system that has since been adopted by all major firearms manufacturers, police, military and private shooting clubs in America and 14 other countries. The NRA, FBI and numerous special forces currently use the SNAIL Savage system. Safe Harbor Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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