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ADSERO Corp. Completes 10 Percent Acquisition of Turbon AG
MONTREAL, Nov.2005 — ADSERO Corp., a North American leader in the printer cartridge remanufacturing Industry, is pleased to announce the Company has completed the final purchase of 328,500 treasury shares of Turbon G, bringing its total ownership to 400,000 shares, equivalent to a 10% stake in Turbon AG.
Yvon Leveille, CEO of ADSERO Corp., stated, “The Company will now proceed with its plans to satisfy the necessary requirements to complete the formal takeover bid for Turbon AG.”
About Turbon AG
Turbon AG , through its subsidiaries, develops, produces and distributes compatible imaging supplies for Laser, Inkjet, Dot Matrix and Thermal Transfers printers. Turbon operates production plants in Europe, Asia and the USA and had revenues of approximately Euros 123 million for fiscal 2004.
About ADSERO Corp.ADSERO Corp., through its wholly owned subsidiary Teckn-O-Laser, is a North American leader in the printer cartridge remanufacturing industry. The company manufactures and distributes remanufactured toner cartridges and inkjet cartridges. These products are sold to a variety of channels such as distributors and retail office supply stores, both domestically and internationally.
To find out more about ADSERO CorP, visit our website at http://www.adserocorp.com
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