Colabor to further expand its presence in ontario with take-over bid for the Skor Food Group

BOUCHERVILLE, QC AND VAUGHAN, ON – Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) and The SKOR Food Group Inc. (TSXV:SKF) (“SKOR”) announced today that they have entered into a support agreement dated March 22, 2011 (the “Support Agreement”) pursuant to which Colabor has agreed to make an offer (the “Offer”), by way of a take-over bid, to acquire all of the issued and outstanding common shares of SKOR for $1.33 in cash per share, including common shares issued pursuant to the exercise of outstanding options of SKOR.




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