VAUGHAN, ON - Sherwood Athletics Group Inc. ("Sher-Wood Athletics" or the "Company") announced today that it has acquired all of the assets and liabilities of Sher-Wood Hockey Inc., from Callidus Capital Inc. (CBL:TSX).

Sher-Wood Athletics is part of the Gracious Living Group of Companies ("Gracious Living") based in Vaughan, Ontario.

"We are proud to carry on the tradition of Canadian ownership of the iconic Sher-Wood brand," said Vito Galloro, Founder and Executive Vice President of Gracious Living Corporation and CEO for the Sher-Wood Athletics Group. "We are excited to continue the longstanding tradition of Sher-Wood hockey as we work to build upon the 65 year history of this Canadian brand. With our expertise in manufacturing, retail and marketing we believe that we will once again return Sher-Wood to its place as a leader in hockey sticks and equipment in Canada, USA and Europe"

NHL Hall of Fame players, Raymond Bourque, Bobby Clarke, Paul Coffey, Guy Lafleur and Ken Dryden all used Sher-Wood hockey sticks, along with current NHL players Bobby Ryan of the Ottawa Senators, Ryan Trouba of the Winnipeg Jets and Paul Stastny of the St. Louis Blues.

Sher-Wood Athletics will have two wholly owned divisions: Sher-Wood Hockey (GL) Inc., which will manage the hockey business, and Sher-Wood Sports Licencing Inc., which will focus on licencing opportunities and continue to supply the National Hockey League with the official game puck.

ABOUT SHER-WOOD ATHELTICS GROUP INC.

Sher-Wood Athletics designs, markets and manufactures hockey equipment and sticks, as well as products licensed by National Hockey League, Hockey Canada, IIHF and USA Hockey. Through its wholly owned company, Sher-Wood Sports Licencing Inc., Sher-Wood Athletics is the official puck supplier to the National Hockey League, the American Hockey League and the East Coast Hockey League.

SOURCE Gracious Living Coproration

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