2008-03-04 23:52:26 -
www.aultglazer.com - Ault Glazer & Co., Inc. James P. Hodgins, President, 310-895-7799 Ault Glazer & Co., Inc. (Pink Sheets:REMH) recently acquired a minority interest in Freedom Grill (www.freedomgrill.com), financial terms were not disclosed. One of the founders, and the current manager, Steve Caliguri, continues to lead Freedom Grill toward completing an infomercial that they anticipate will generate
significant growth in their direct sales program.
Steve Caliguri, President of Freedom Grill said, "Freedom grill is excited to have the support of Ault Glazer. We are looking forward to working with the Ault Glazer team and leveraging the strategic relationships that they have developed over the last several years."
Jim Hodgins, President of Ault Glazer said, "We are very excited for Mr. Caliguri and his group. They have worked tirelessly to put together a growth plan in a very competitive industry. We believe Freedom Grill has illustrated their ability to grow, even in the off-season when the weather turns colder, people stop grilling and focus on holidays, and most grill companies are quietly waiting for the spring grilling season."
Mr. Hodgins went on to say, "Freedom Grill fits with Ault Glazer & Co., Inc.'s target demographic, as we combine interests in the sports memorabilia field, snowboard business, various internet / technology entities and this outdoor grilling company."
About Freedom Grill
Freedom Grill, Inc. designs and provides innovative products and accessories for the tailgating, camping and outdoor activities markets. The Company has combined the sizzle of the fast growing specialty automotive aftermarket with America's hunger for better cooking indoors and out. Headquartered in Poway, California, the Company's innovative market entry product, the Freedom Grill FG-100(TM), is an easily transportable, high-performance gas grill designed for the Extreme Tailgating crowd. The new FG-50(TM) is the first grill designed specifically to look and perform great on the back of a vehicle as well as a tabletop or cart. The grills mount to any standard tow hitch for maximum versatility. With the barbecue grill mounted outside the vehicle, there's more room inside for gear, food, or passengers. The swing away arm and high quality gas grills make Freedom Grills the ideal accessories for trucks, SUVs and RVs.
With "The Official Grill of Tailgating(TM)" cooking outdoors has never been more convenient. Freedom Grills are perfect for tailgating, camping, fishing & hunting, and even home grilling on decks, patios, or backyards. For real barbecue aficionados Freedom Grill even offers an award winning line of Fire Brand Grilling Sauces. The Company's products are sold through specialty BBQ retailers, sporting goods stores and hardware stores. For more information on Freedom Grill, Inc., please visit the Company's website at www.freedomgrill.com.
Ault Glazer & Co., Inc. (www.aultglazer.com) is a diversified holding company that maintains stakes in various companies through its minority interests and wholly owned subsidiaries, and is involved in merchant banking, corporate lending, shareholder activism, real estate, healthcare, energy, consumer products & services, insurance and media.
As previously announced on December 13, 2007, Remington-Hall Capital Corp. changed its name to Ault Glazer & Co., Inc., and is currently waiting to be assigned a new symbol from NASDAQ Market Operations to reflect the name change.
Forward-Looking Statement
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
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