Press Release
For Immediate Release
May 7, 1999

"Southport Home Hardware"

The APM Group announced today the purchase of Southport Home Centre, the largest Home Hardware Dealer on Prince Edward Island, and one of the "Top 10" of 950 Home Hardware Dealers Canada-wide.

Southport Home Hardware has operated in the community of Stratford for 49 years and "we are committed to growing for at least another 49 years thanks to the continued support of Joe Corcoran and his existing staff of 45 dedicated "Home" employees whom we welcome to the APM team", stated Tim Banks, President of the APM Group.

"We are very excited about investing in Stratford as we see it as an inviting and prosperous community with future growth potential. Southport Home Hardware’s central location, coupled with its solid reputation for customer service and competitive pricing, was instrumental in our decision to invest."

Mr. Banks said, "I am personally quite honoured and humbled to be able to join the Island network of Home Hardware Dealers who I look up to as the leaders in our Island Community and I look forward to working with them."

"APM is not in the contracting business on Prince Edward Island. With the acquisition of House of Excellence a few years ago, and now with the addition of Southport Home Hardware, APM is looking to expand its strong network of customers who are local contractors and sub-contractors who can assist us in executing Island construction and development projects" stated Mr. Banks

The integration of Southport Home Hardware continues to fulfill the mission of the APM Group to offer a complete package of services for property development. The APM Group is a vertically integrated retail development company offering property development, design, project management, building supplies, store fixtures, ornamental metals, signage, retail decor and leasing.

"Everything at Southport Home Centre is business as usual and Saturday marks another annual yard sale. We invite everyone to come and visit with our excellent staff, and don’t forget to pick up a few bargains" said Mr. Banks.