Sycamore Ventures Signs LOI to Acquire Precise Memory, Inc.

SAN DIEGO, June 7, 2011 /PRNewswire/ -- Sycamore Ventures (Pink Sheets: SYVN) announced today that the company has signed a letter of intent to acquire Precise Memory, Inc.  Based in Irvine, California, Precise Memory A/K/A Precise Technology, Inc. is a manufacturer of high quality memory modules for the complete line of workstations, laptops and servers.  The company specializes in the developing, designing, manufacturing and testing of memory modules for desktops, servers, workstations, notebooks and office automation products.  For additional information, please visit, http://www.precise-technology.com/

Tony Khodadad, CEO of Sycamore Ventures stated, "Precise Memory, Inc. is an entrenched player in the electronic hardware industry, supplying cutting edge, and well priced device memory and other hardware to commercial and retail customers.  Since their opening in 1993, Precise Memory has built a solid revenue base of approximately $12 million per year with limited external marketing.  We intend to help them grow their business and further develop their brand across traditional marketing and social media platforms."

About Sycamore Ventures

Located in San Diego, California, Sycamore Ventures was formed with the intent to develop into a broadly diversified holding company.  For additional information on Sycamore Ventures, please visit www.syvn.net.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

SOURCE Sycamore Ventures