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Aduddell Industries Terminates Plans to Acquire the Hayden Companies; Alliance between Companies Continues.

Publication: Business Wire
Publication Date: 23-AUG-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
OKLAHOMA CITY -- Aduddell Industries, Inc. (OTCBB: ADDL) today announced that it and the sellers of Hayden Building Maintenance, Inc. and Hudson Valley Roofing, Inc. (collectively "Hayden Companies") have jointly agreed to terminate the agreement under which Aduddell would acquire the Hayden Companies.

Stan Genega, President & CEO of Aduddell noted, "When it became apparent that suitable funding for the $6 million cash portion of...

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