Statement From RE/MAX Co-Founder Dave Liniger
DENVER, June 5, 2019 /PRNewswire/ -- Dave Liniger, co-founder and chairman of the board of directors of RE/MAX Holdings, Inc. (NYSE: RMAX), stated the following in conjunction with his recent stock purchase of 122,911 shares of RE/MAX Holdings over the past three days:
"I consider the RE/MAX stock at current levels to be undervalued. RE/MAX has made key acquisitions, produced outstanding margins and generated strong cash flow. No doubt the industry is changing, as it always has in my 50 years of experience, but the constant that I see through all of this time is consumer preference for quality brokers and agents. Consumers want the speed and convenience that technology has brought to real estate, but they also want the confidence and certainty delivered through personal, professional service. I believe that RE/MAX is uniquely positioned to continue to be the leader in the industry, which is what gives me great confidence that the company is well positioned for the future. That is why I have been buying shares in the open market and may continue to purchase additional shares."
Important Disclosure Information
Mr. Liniger's views in this statement are his own and are not the views of, or otherwise endorsed by, RE/MAX. The actual performance and results of RE/MAX may differ materially from his assumptions and analysis. Mr. Liniger may sell any or all of his ownership interests in RE/MAX at any time or may increase his ownership stake by purchasing additional shares. The information contained above is not and should not be construed as investment advice and does not purport to be and does not express any opinion as to the price at which the shares of RE/MAX may trade at any time. Investors should make their own decisions regarding RE/MAX based on their own review of publicly available information and should not rely on the information contained above. An investment in the shares of RE/MAX involves a variety of risks and uncertainties including risk factors outlined in RE/MAX's SEC filings as further described below.
Forward-Looking Statements
Certain statements above include "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," "anticipate," "may," "will," "would" and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to RE/MAX continuing to be an industry leader, successfully executing on its growth strategy, making acquisitions, producing margins and generating strong cash flow; statements regarding consumer preferences in the real estate industry; statements regarding RE/MAX being well positioned to succeed and Mr. Liniger's view that the stock at current levels is undervalued. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and the good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Such risks and uncertainties include, without limitation, (1) changes in the real estate market or interest rates and availability of financing, (2) changes in business and economic activity in general, (3) volatility in RE/MAX's stock price, which may decline regardless of the company's operating performance, (4) fluctuations in RE/MAX's operating results, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K of RE/MAX filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of RE/MAX's website at www.remax.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, Mr. Liniger does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.
SOURCE RE/MAX Holdings, Inc.
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