FARMINGTON HILLS, Mich., Feb. 20, 2009 (GLOBE NEWSWIRE) -- LBO Capital Corp. (Other OTC:LBOA), a Colorado corporation ("LBO Capital"), and its wholly owned subsidiary, Load Hog Industries, Inc., a Michigan corporation ("Load Hog"), entered into a distribution agreement with E&R Industrial Inc. ("E&R"), a privately owned Michigan corporation. Terms of the Distribution Agreement provide that E&R will distribute and sell Load Hog products within the U.S.A. and NAFTA territory.
Load Hog pneumatic lift kits enable pickup trucks to function as light dump trucks. Load Hog provides an innovative solution which can deliver labor savings and convenient material handling advantages to building and landscape contractors, farmers, hobbyists, municipalities, and others. Originator of Load Hog lift kits, John Kowalski is quoted saying "...simplicity of installation and operation of the Load Hog concept uses a unique airbag lift system which takes the place of messy oil based hydraulic lift units. Load Hog truly qualifies as a 'green product.'"
Jerry Pizzimenti, President of E&R, an ISO registered company and one of the nation's largest privately held industrial distributors, stated: "We believe the Load Hog partnership and product line is a good fit for E&R and our market diversification strategy." E&R will ship Load Hog lift kits from their central distribution center in Sterling Hts., Michigan. E&R serves automotive markets nationwide including vehicle dealerships. E&R is an innovative, full-line industrial distributor committed to brand name quality products, competitive prices, and on-time delivery. For more information go to: www.erindustrial.com
For more information on Load Hog go to: www.loadhog.com
The Load Hog Industries, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5911
CORPORATE PROFILE
LBO Capital Corp., a Colorado corporation founded in 1987, and its subsidiaries Global Tech International, Inc. and Advanced Digital Components, Inc., Delaware corporations, strive to acquire intellectual property and technology; and further, it actively seeks to identify operating companies which could benefit from licensing its owned technology and intellectual property.
The statements included in this news release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1934, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings, economic downturns affecting the operations of the Company or any of its business operations, adequate financing to achieve the new strategic plans, the impact of competition, the success of products in the marketplace and the unavailability of financing to complete management's overall plans and objectives. The forward-looking statements contained in this news release speak only as of the date hereof and the Company disclaims any intent or obligation to update these forward-looking statements.