HENDERSON, Nev., June 11, 2013 (GLOBE NEWSWIRE) -- Strategic Rare Earth Metals, Inc. (OTC Markets:SREH) announced today that the company recently entered into a Letter of Intent with BC Blades.
Under terms of the Letter of Intent, Strategic Rare Earth Metals, Inc. will acquire a ten percent (10%) equity position in BC Blades. BC Blades has created the only quick change, no tools required skate on the market today.
Bill Schaefer, newly appointed President of Strategic Rare Earth Metals, Inc., stated, "I am very excited about today's announcement and the underlying value that such an investment will mean to SREH shareholders. At first glance, some may not fully grasp nor understand the inherent value such a timely and strategic investment into BC Blades holds for our Company."
The BC Blades system can be changed out in an instant. This allows the skater the option of having extra blades ensuring the sharp edge to a quick change into the inline world. BC Blades offers many options that are not currently available anywhere else. No other company offers the quick change that BC Blades offers to its customers.
Mr. Schaefer further stated, "We recognize the significance in market innovation that BC Blades has brought to the marketplace. Innovation and market leadership creates a value onto its own. The sporting goods industry not only values, but often times is driven as an industry to reward market leadership and innovation. Consider Reebok buying up CCM, Jofa, and KOHO; Mission buying up Itech and then being bought by Bauer which was bought by Nike; Sherwood buying TPS. We believe that the LOI with BC Blades offers a very unique and timely opportunity to make an investment into BC Blades."
About Strategic Rare Earth Metals, Inc. (OTC Markets:SREH) – Strategic Rare Earth Metals, Inc. is a publicly traded company trading on the OTC Markets under the symbol SREH. For more information about Strategic Rare Earth Metals, Inc., please visit the Company's website at http://www.srehholdings.com
Forward-Looking Statement
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.