VANCOUVER, Sept. 10 /PRNewswire-FirstCall/ -- Laburnum Ventures, Inc. (OTCBB:LBUV) is pleased to announce that it has received a consent to act as a director from Mr. David Chapman and has appointed Mr. Chapman to the company's board of directors. Shortly after Mr. Chapman's appointment, Mr. Tom Brown resigned as a director. Mr. Chapman is now the company's sole director and is committed to guiding the company through the closing of the business combination with AGR Stone Tools USA, Inc.
"It is a privilege to be able to be a part of the Laburnum/AGR team and work together with the management to finalize all of the steps involved in this business combination," said Mr. Chapman after his appointment.
Mr. Chapman has been a corporate executive for the past 25 years. Most recently licensed as a Real Estate Agent and Mortgage Broker. Mr. Chapman is the CEO and Chairman of Aris Mortgage Corporation, a private mortgage company specializing in all aspects of commercial, residential and project financing.
Since 1982 Mr. Chapman has had a successful history in banking, industrial equipment design, manufacturing and corporate finance. In 1987, Mr. Chapman was a founding partner and vice president of Pacific and Western Trust based in Saskatchewan. Following the sale of his interest in the trust company in 1989, Mr. Chapman bought a chain of Equipment Rental Stores and founded Semco Drilling Equipment Inc., which designed and manufactured equipment for the mining industry. In addition to his professional career Mr. Chapman was, in 1985, appointed by the British Columbia Government to be a member of the Kelowna Hospital Board of Trustees.
About AGR Stone Tools USA, Inc.
AGR is a manufacturer of diamond tools and adhesives. It specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries. Its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has completed extensive research and testing, and uses the latest technologies to assure AGR Tools is at the forefront of the diamond tool industry. The company employs some of the world's top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.
More information on AGR can be found at: http://www.agrtools.com/index.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Laburnum Ventures Inc.'s filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially -from those described in the forward-looking statements.
See Laburnum Ventures Inc.'s Current Report on Form 8-K regarding the share exchange agreement between AGR Stone Tools USA, Inc. for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close.
Laburnum Ventures Inc.
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