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Court-Appointed Interim Receivership of Bridgeline Ropes Inc.
Pursuant to the Order of the Honourable Madam Justice Hoy dated May 26, 2008, A. Farber & Partners Inc. was appointed as the Interim Receiver (the "Receiver") of all the current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate of Bridgeline Ropes Inc. (the "Property").
Bridgeline Ropes Inc. ("Bridgeline") is a manufacturer of a wide variety of ropes and twines for hardware and marine applications, employing approximately 85 employees from owned premises in Deseronto, Ontario.
The Interim Receiver is marketing the Property for sale. The deadline for submission of offers is 5:00 p.m. EST Friday, June 27, 2008.
Parties interested in submitting an offer should first read familiarize themselves with the Offer Form, the Terms and Conditions of Sale and the Stalking Horse Bid noted below. If you are interested in pursuing this further, complete and sign the Confidentiality Agreement and return it by fax or by email to Ron Klein CA at 416-496-3735 or rklein@afarber.com.
Interested parties will then be given a user name and password to access the Receiver's virtual data room with the Confidential Information which the interested party can review for its due diligence. The Receiver notes that neither the Receiver, nor any of its officers, directors, advisers, agents or employees make any representation or warranty (express or implied) or shall have any responsibility or liability whatsoever or howsoever arising in respect of any Confidential Information or any other information supplied to you hereunder or of the accuracy or completeness thereof or of any other matter concerning Bridgeline or that such information will remain unchanged. In particular, but without prejudice to the generality of the foregoing, any projected results for future periods or management accounts which may be contained in the information which you will receive are for indicative purposes only and, while they may represent the current estimates of the management of Bridgeline neither the Receiver, nor its officers, directors, advisers, agents or employees warrant, or in any way accept liability for, their accuracy. You must make your own independent assessment of Bridgeline, and rely on your own judgment in reaching any conclusion.
Queries about Bridgeline Ropes Inc may be directed to Ron Klein at 416-496-3735 or by email to rklein@afarber.com.
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A member of The Farber Group of financial services.
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