MONTREAL, Nov. 4, 2005 (PRIMEZONE) -- ADSERO Corp. (OTCBB:ADSO), a North American leader in the printer cartridge remanufacturing Industry, is pleased to announce the Company has completed the final purchase of 328,500 treasury shares of Turbon AG, bringing its total ownership to 400,000 shares, equivalent to a 10% stake in Turbon AG.
Yvon Leveille, CEO of ADSERO Corp., stated, "The Company will now proceed with its plans to satisfy the necessary requirements to complete the formal takeover bid for Turbon AG."
About Turbon AG
Turbon AG (www.turbon.de), through its subsidiaries, develops, produces and distributes compatible imaging supplies for Laser, Inkjet, Dot Matrix and Thermal Transfers printers. Turbon operates production plants in Europe, Asia and the USA and had revenues of approximately Euros 123 million for fiscal 2004.
About ADSERO Corp.
ADSERO Corp., through its wholly owned subsidiary Teckn-O-Laser, is a North American leader in the printer cartridge remanufacturing industry. The company manufactures and distributes remanufactured toner cartridges and inkjet cartridges. These products are sold to a variety of channels such as distributors and retail office supply stores, both domestically and internationally.
To find out more about ADSERO Corp. (OTCBB:ADSO), visit our website at www.adserocorp.com
Safe Harbor Statements
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission.