Mr. Grant Reeves reports

CIRCA ANNOUNCES ACQUISITION OF ALBERTA COMPUTER CABLE

Circa Enterprises Inc. has entered into a definitive agreement to acquire substantially all of the assets of Alberta Computer Cable Inc. (ACC), a cable manufacturer and distributor. The agreement was signed Nov. 20, 2015, and is effective on Dec. 1, 2015. Upon completion of the acquisition, the business will operate as Alberta Computer Cable, a division of Circa Enterprises Inc.

"The Alberta Computer Cable acquisition will extend our technology solutions to a broader market while strengthening our OEM and custom manufacturing capabilities" said James Waddock, senior vice-president of Circa. Mr. Waddock added, "This acquisition represents a natural and highly complementary fit with our existing portfolio and is an important step in our ongoing growth strategy to expand our product range."

The cash transaction is expected to close in the fourth quarter of 2015 and remains subject to standard closing conditions. Financing for the transaction is from existing resources and is expected to be accretive in the second quarter of 2016 when the operations of ACC will be relocated to Circa's facilities in Calgary, Alta.

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