NEWARK, Del., May 3 /PRNewswire-FirstCall/ -- Theater Xtreme Entertainment Group Inc. (OTC Bulletin Board: TXEG), a nationwide seller and installer of real movie theaters for the home, today announced the opening its thirteenth location in Parkland, Fla., adjacent to Boca Raton. Its principles are Abelardo Alvarez of Miramar, Fla., Tony Alvarez of Miami, Fla., and Jose Alvarez of Pembroke Pines, Fla. The franchise location operates under A Cube Technologies, Inc, a Florida corporation.
"We are excited to have crossed the finish line," said Abelardo Alvarez. "We are geared up and eager to bring the Theater Xtreme experience to south Florida."
The Parkland design center will serve the greater Boca Raton area and will draw consumers from the Coral Springs and Palm Beach markets as well. This is the first franchise location to open in southern Florida.
"The A Cube group has worked diligently to launch this location and they are already generating buzz in their marketplace," said Theater Xtreme Entertainment Group President and Chief Operating Officer Ken Warren. "They have a spectacular store with an ideal consumer demographic. We expect excellent demand for our products in this area."
An official grand opening date is set for the week of May 7. The design center is located at Waterway Shoppes at Parkland, 7667 N. State Rd. 7, Parkland, FL 33073. Call 954-341-1252 for information.
To be added to Theatre Xtreme's investor contact list, please contact Justin Schakelman at jschakelman@theaterxtreme.com.
About Theater Xtreme Entertainment Group, Inc. (The "Company") -- Theater Xtreme is the first national specialty retailer to focus exclusively on affordable, front projection theaters for the home. The Company currently operates retail design centers in ten states.
Safe Harbor Statement -- Some of the information presented in this letter 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, the ability to find suitable locations for new corporate and franchise stores, delay or loss of key products from vendors, the ability to maintain margin and sales growth rate, disruption of product delivery from overseas suppliers, changes in regard to significant suppliers, increased competition from companies with more expertise, experience, or financial resources, technological changes 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 corporate store opening goal. 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 which are available at http://www.sec.gov/.
INVESTOR / MEDIA CONTACT:
Justin Schakelman
Theater Xtreme Entertainment Group
+1 302-455-1334
Email: jschakelman@theaterxtreme.com
Website: http://www.theaterxtreme.com/
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