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September 7, 2005 – maxill Suspends Negotiations on Product Line Divestiture

maxill inc. of St. Thomas has officially suspended discussions with a main competitor about the sale of a certain and specific product line. Such sale would have included the accompanying business book, customer list, receivables, related inventories and fixed assets related specifically to that product category along with some accompanying Intellectual Property once again related to the specific product category.

Talks were constructive for a period of many weeks but ended up being stalled out on disagreements over staged payment options, royalty amounts, and payment plan options. The payment plan was the main stumbling block.

maxill management concluded that the proceeds from such sale would have been made eventually in profits by not too much of a time difference vs. the staged payment option that was being negotiated with the purchaser. Additionally, maxill would be able retain all of the business synergies from that product line as well.

The approximate purchase price of the product category was CDN $2,500,000.

maxill management does not view the failure to realize a sale of this particular product category as a detriment in any fashion.

maxill inc. is a manufacturer and distributor of dental hygiene and related products.