ALJ Regional Holdings Completes Acquisition Of Las Vegas Based Carpets N' More
LAS VEGAS, April 16, 2014 /PRNewswire/ -- ALJ Regional Holdings, Inc. (OTC Markets: ALJJ) ("ALJ") completed the acquisition of Floors N More, LLC, DBA, Carpets N' More ("Carpets"). The acquisition provides ALJ with the largest floor covering retailer in Las Vegas and a provider of multiple products for the commercial, retail and home builder markets including all types of flooring, countertops, cabinets, window coverings and garage/closet organizers, with five retail locations, as well as a stone and solid surface fabrication facility. Carpets maintains four unlimited licenses in the State of Nevada for the purposes of provision and installation of all of the product lines above and related materials and services.
Carpets will continue under the leadership of Mr. Steve Chesin and the existing management team. "We are looking forward to a quick integration with Steve and Carpets as we focus the Company towards achieving their growth goals," said Jess Ravich, ALJ's Executive Chairman. Mr. Chesin stated, "This is an exciting time for Carpets and the timing for ALJ could not have been better as the demand for all of our products and services in Las Vegas is exploding in all of our market segments."
This announcement contains forward-looking statements. Generally, the words "believe," "anticipate," "expect," "may," "should," "could," and other future-oriented terms identify forward-looking statements. Forward-looking statements include, but are not limited to, statements relating to the expected closing of Carpets and the benefits that Carpets may provide to ALJ and its stockholders and the continued success of Carpet's business. These forward-looking statements are based upon the current beliefs and expectations of the management of ALJ and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond ALJ's ability to control or estimate precisely and include, without limitation, the general business risks faced by Carpets as well as the general business risks faced by ALJ (some of which will be described in ALJ's Current Report published on the Pink Sheets website announcing the transaction), including its success in continuing to settle its outstanding obligations from its prior business activities, results of tax audits, its ability to retain and attract key employees, acts of war or global terrorism, and unexpected natural disasters and other risks and uncertainties, including those detailed from time to time in its periodic reports (whether under the caption Risk Factors or Forward Looking Statements or elsewhere). ALJ cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. Neither ALJ nor any other person undertakes any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise.
SOURCE ALJ Regional Holdings, Inc.