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KAB Distribution Inc. (formerly Kaboose Inc.) Reports Second Quarter 2009 Results

^{Published on 2009-08-12 05:39:19, Last Modified on 2009-08-12 05:39:31 - Market Wire}
 

 TORONTO, Aug. 12 /CNW/ - KAB Distribution Inc. (formerly Kaboose Inc.) (TSX: KAB) today announced that is has filed its financial results for its second quarter of fiscal 2009 ended June 30, 2009 on SEDAR and on the Company's website ([ www.kabdis.com ]). KAB Distribution Inc. is the successor to Kaboose Inc. following the previously announced sale by Kaboose Inc. on June 1, 2009 of (i) substantially all of its North American assets to Disney Online; and (ii) its UK subsidiary, Kaboose Acquisition (UK) Company, to an affiliate of Barclays Private Equity Limited. KAB Distribution Inc. expects to distribute $0.65 in aggregate per common share to shareholders in September 2009. Further details regarding the distribution will be announced in due course. To the extent that there are unidentified claims or additional regulatory requirements, shareholders may receive an aggregate distribution amounting to less than $0.65 per common share and the timing of such distribution may be delayed. Accordingly, Kaboose can give no assurances as to the total amount of the distribution to shareholders or as to the timing of the distribution. KAB Distribution Inc. trades on the Toronto Stock Exchange under the symbol "KAB". This document may contain forward-looking statements, relating to KAB Distribution Inc.'s future distributions to shareholders and the amounts of such distributions, its operations or to the environment in which it operates, which are based on KAB Distribution Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond KAB Distribution Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. KAB Distribution Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

For further information: Jonathan Pollack, Chief Financial Officer, TEL: (416) 593-3000, FAX: (416) 593-4658