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NEWARK, Del., Jan. 23 /PRNewswire-FirstCall/ -- Theater Xtreme Entertainment Group (OTC Bulletin Board: TXEG - News), a Newark, DE-based home cinema retailer and franchisor of home cinema design and installation centers, today announced the opening of its newest franchise location in Short Pump, VA, a nearby suburb of Richmond on Friday.
The design center opened on January 19 to a strong showing of customers eager to experience Theater Xtreme's products.
"We are optimistic about the brisk foot traffic we're getting right out of the starting gate," said co-principle Jeff Oberle of Chesterfield, VA. Joining him were Manny Badias of Richmond, VA, and William (Doc) Oberle of Cedar Grove, NC, both part owners in the venture.
Also on hand was Theater Xtreme's Franchise District Support Manager Bob Beatty, a representative from the company's corporate office.
"They're in an outstanding location," said President and COO Ken Warren, referring to the store's prominent placement in the Short Pump marketplace. "This team is motivated, well qualified, and ready to bring affordable, real movie theater rooms to the community. It's an exciting time for everyone involved."
Theater Xtreme of Short Pump, VA is located at 4338 Pouncey Tract Rd, Glenn Allen, VA 23060. Call 804-290-8820. Visit TheaterXtreme.com for more information about this and other locations.
To be added to Theatre Xtreme's investor contact lists, please contact Haris Tajyar at htajyar@irintl.com or 818-382-9702.
About Theater Xtreme Entertainment Group, Inc. -- Theater Xtreme designs, sells, and installs affordable, large-format, front projection home cinemas. Its home cinema packages feature OneView(TM), a media controller that combines on-screen movies, music, photos, games, and Internet access with the touch of a button. The company focuses on middle-income consumers in the home entertainment marketplace, emphasizing value and performance across its line of home cinema audio, video, furnishings, and accessories.
Safe Harbor Statement -- Some of the information presented in this press release constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent the Company's judgment regarding future events, and are based on currently available information. Although the Company believes it has a reasonable basis for these forward-looking statements, the Company cannot guarantee their accuracy and actual results may differ materially from those the Company anticipated due to a number of known and unknown uncertainties, of which the Company is not aware. Factors which could cause actual results to differ from expectations include, among others, the ability of the Company to sell franchises, success of the franchise stores, location of stores, delay or loss of key products from vendors, disruption of product delivery from overseas suppliers, changes in regard to significant customers or suppliers, increased competition from companies with more expertise or experience, technological improvements in the home theater market which may render the Company's offerings obsolete, less competitive, or too expensive, material reduction in the demand for home theaters, and lack of sufficient capital to allow the Company to achieve its strategic objectives. For additional information concerning these and other important factors that may cause the Company's actual results to differ materially from expectations and underlying assumptions, please refer to the reports filed by the Company with the Securities and Exchange Commission.
COMPANY CONTACT:
Justin Schakelman
Theater Xtreme Entertainment Group
+1 302-455-1334
Email: justin@theaterxtreme.com
www.theaterxtreme.com
INVESTOR/MEDIA CONTACT:
Haris Tajyar
Investor Relations International
+1 818-382-9702
htajyar@irintl.com
www.irintl.com
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