FOR IMMEDIATE RELEASE
OTTAWA, ONTARIO – May 12, 2016 – Redbox Hardware Inc., owner and operator of the Roofers World brand, today announced the company has closed a $500,000 private placement financing.
“We want to thank our stakeholders for their continued support,” said Robin Nelson, Vice President of Redbox, “and our corporate and financial advisors, Range Corporate Advisors. We are very pleased to close this timely financing so that we can continue to manage the capital needs of our rapid domestic and US growth. Year over year, revenue growth of the Roofers World brand is over 50% and 2016 looks to have a similar growth rate.”
Redbox intends to use the proceeds to fund sales growth and increase its Canadian manufacturing capacity.
About Redbox Hardware Inc. and the Roofers World Brand:
Redbox Hardware Inc. is an Ottawa, Canada company specializing in innovative and high performance roofing tools and products. Redbox purchased the Roofers World brand in late 2014.
The Roofers World brand has been an industry leader for over 20 years, supplying high performance, safe and effective tools to roofers. Award winning Roofers World brand tools are the industry standard in their product categories and are sold in over 5,000 stores across North America.
Vice President, Sales, Marketing, New Products
Redbox Hardware (Roofers World)
(613) 736 -7654 ext 103
Redbox Hardware Inc.
(416) 844 7682