2nd October 2007 - Update: Brake Pro Limited CCAA Proceedings

ifriction.com has received many phone calls inquiring why ifriction.com has not published any information on Brake Pro Limited and the CCAA (Companies Creditor's Arrangement Act) proceedings Brake Pro entered into on the 24th of July 2007

ifriction.com has a policy of only publishing official press releases, or news items that can be independently documented and verified.  ifriction.com has repeatedly requested an official press release, but so far to no avail.

ifriction.com can inform the industry that public internet information on the Brake Pro CCAA proceedings can be found at BDO Dunwoody's website: www.bdo.ca/brakepro  BDO Dunwoody is the Ontario Superior Court of Justice approved Monitor of Brake Pro's CCAA proceedings.

There are rumors on the operating status of Brake Pro.  As soon as a press release, or independently confirmed information, is available ifriction.com will immediately publish this news to the industry.

Thank you for your patience.

Source: ifriction.com Press Release