ALJ Releases Second Quarter Revenue Performance

NEW YORK, April 22, 2014 /PRNewswire/ -- For the three months ended March 31, 2014, ALJ Regional Holdings, Inc. (Pink Sheets: ALJJ) posted revenue of $36.5 million.  For the six months ended March 31, 2014, ALJ posted revenue of $62.3 million.  ALJ acquired two new subsidiaries over the past six months, Faneuil, Inc. ("Faneuil") in October of 2013 and Carpets N' More ("Carpets") in April of 2014 and was the holder primarily of discontinued operations for the same periods in prior years.  Faneuil is a leading provider of outsourcing and co-sourced services to both commercial and government entities in the healthcare, utility, toll and transportation industries. Carpets is the largest floor covering retailer in Las Vegas and provider of multiple finishing products for commercial, retail and home builder markets including all types of flooring, countertops, cabinets, window coverings and garage/closet organizers, with 5 retail locations.  The revenue amounts above reflect the full operations of Faneuil from October 18, 2013 through March 31, 2014.  They do not reflect any revenue from Carpets as the acquisition occurred after the end of the quarter. 

According to Jess Ravich, ALJ's Executive Chairman, "The increase in revenue from our first quarter to our second quarter was related to our first full quarter of operations with Faneuil and we recognized additional headcount related to the Washington Health Insurance Benefit Exchange contract.  We plan to release our quarterly earnings report in the middle of May." 

SOURCE ALJ Regional Holdings, Inc.