12:46 PM EST - PFB Corporation : reported that it has signed a Letter of Intent with Mr. Jim Young of Boise, Idaho, USA whereby the privately-owned Precision Craft Homes Group will be combined with the Riverbend Timber Framing and Insulspan SIPS operations of PFB Corporation. Initially no capital stock will be issued by PFB Corporation to finance the acquisition of Precision Craft. The purchase will be made in cash from working capital of PFB and will include provisions for future common share issuance by PFB Corporation under earn-out provisions over a five year period. PFB Corporation
shares T.PFB are trading even at $5.70.
