Sycamore Ventures Signs LOI to Acquire Two Manufacturing Companies

SAN DIEGO, April 21, 2011 /PRNewswire/ -- Sycamore Ventures (Pink Sheets: SYVN) announced today that the company has signed a letter of intent to acquire Glen-Mac Swiss Company and American Valve Manufacturing Corporation.  Glen-Mac Swiss Company is a 46 year old company specializing in parts manufacturing for commercial use and is located in Hawthorne, California.  Established in 1983, American Valve Manufacturing Corporation produced highly specialized charging valves for military and commercial applications and located in Hawthorne, CA.  Combined revenues for both companies are approximately $1.9 million per year.  Pending necessary due diligence, the transactions are expected to close within 30 days of the signing of the LOI.

Harsh Shetty, CEO of Sycamore Ventures stated, "We feel that these acquisitions, when completed, will help to further diversify Sycamore's holdings while adding revenues and contributing to earnings.  Both companies are firmly entrenched in their industries, generating solid sales and have significant potential for future growth."

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