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NEWARK, Del., May 10 /PRNewswire-FirstCall/ -- Theater Xtreme Entertainment Group Inc. (OTC Bulletin Board: TXEG), a nationwide seller and installer of home cinema systems, announced the opening of its 14th location in Lutherville, Md., adjacent to Towson, a major shopping district.
"We are excited to announce the opening of the Lutherville design center," said Theater Xtreme CEO Scott Oglum. "We believe the store is poised to do well due to its strategic location close to Circuit City and Best Buy. We continue to execute on our growth strategy by giving home theater shoppers a real movie theater experience in the convenience of their homes at an affordable price."
The Lutherville design center is located at Yorkridge Shopping Center in Lutherville and serves the greater Baltimore area, drawing consumers primarily from the suburban Towson and Timonium markets. It is the second Theater Xtreme location in the Baltimore region. The official grand opening is slated for May 14.
For additional information about store locations, or to be added to Theatre Xtreme's investor contact list, please contact Justin Schakelman at jschakelman@theaterxtreme.com.
About Theater Xtreme Entertainment Group Inc.
Theater Xtreme Entertainment Group, Inc (OTC Bulletin Board: TXEG) is a specialty retailer of real movie theaters for the home. The Company's 80" to 120" front projection systems deliver an authentic movie theater experience, as an increasingly popular alternative to flat panel televisions. Its cinema packages, featuring brand names and factory direct products, are simple to use and cost significantly less than traditional A/V dealer offerings. With package-focused merchandising and fast installation, the Company makes it easy to own a complete theater. It operates 5 company owned stores and 9 franchises in 10 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 available at www.sec.gov.
INVESTOR / MEDIA CONTACT:
Justin Schakelman
Theater Xtreme Entertainment Group
+1 302-455-1334
Email: jschakelman@theaterxtreme.com
Website: www.theaterxtreme.com
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