MELFORT, SK, March 10, 2015 /CNW/ - Hodgins Auctioneers Inc.
(HA-TSX.V) ("HAI") is pleased to announce a strategic alliance
arrangement with Aero Auctions Sales Inc. ("Aero"), headquartered
in Oro-Medonte, Ontario. Aero and HAI will join forces to
conduct national online only auctions of agricultural
equipment. HAI also wishes to announce that the companies
will be examining a possible business combination. No
business combination agreement has been reached or executed. There
is no assurance that any arrangement will be reached. Any
arrangement would require approval by the TSX Venture Exchange and
shareholder approval.
Grant Hodgins, CEO of HAI stated
"Networking and partnering up of auctions has become very common in
our industry and can only serve to enhance the service provided to
both buyers and sellers."
Aero is a 25 year old growth oriented auction company
specializing in the sale of heavy construction equipment, and
marine/recreational products, historically located in the provinces
of Ontario and Quebec, Aero has recently opened offices in
the Province of Alberta. Aero brings a young, dynamic sales
and marketing force that will aggressively pursue auction
opportunities in the lucrative equipment auction market in
Western Canada.
Mike Dunns, CEO and President of
Aero stated. "Following our successful fall 2014 Heavy Equipment
Auction in Edmonton, Alberta we
met with senior executives of HAI with a view to expediting our
growth in Western Canada,
specifically in the growing "Online only Agricultural Equipment
Marketplace". This as a win/win course of action for Aero,
HAI and most importantly our buyers and sellers."
About Hodgins Auctioneers Inc.
Headquartered in Melfort,
Saskatchewan for more than 50 years, Hodgins Auctioneers is
a provider of professional auction services. Hodgins is renowned
for its experienced Auctioneers, award-winning promotions,
dependable results and commitment to providing the ultimate
marketplace for the sale of assets by auction.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Hodgins Auctioneers Inc.