Liberty Diversified Holdings Inc announced that on April 7, 2006, Liberty Diversified Holdings Inc and Craig Williams executed a Termination and Release Agreement with regards to Liberty's purchase agreement with Peaceful Feet Shoeshine Inc dated September 6, 2005.
The Company opted to terminate the Purchase Agreement because its Board of Directors believes it to be in the best interests of the Company to concentrate its resources on the development of its remaining subsidiaries and the acquisition of future assets.
The decision to terminate was mutual and amicable among the parties and either party incurred no termination penalties. The disposition of Peaceful Feet does not represent the disposition of significant assets of Liberty Diversified Holdings, as Peaceful Feet is a development stage company.
Liberty Diversified Holdings Inc is focused on aggressive growth and diversification through expansion of its current holdings as well as future acquisitions.
Liberty's revenue model spans several market segments including manufacturing, direct sales, B-to-B corporate sales, and online advertising revenues. Liberty also owns and/or licenses revolutionary Internet technologies which are sold/sublicensed to end users and used internally to market the products and services of its subsidiaries.
Peaceful Feet Shoeshine Inc is developing a franchise opportunity model to expand from its existing kiosk service locations to a national route-managed conglomerate, with the long-term goal of becoming the first globally recognized professional footwear and foot care business.
Liberty Diversified Holdings Inc
marketing@alchempro.com
