|
NEWARK, Del., July 31 /PRNewswire-FirstCall/ -- Theater Xtreme Entertainment Group, Inc., a nationwide retailer and installer of real movie theaters for the home, will launch an online retail store to expand its reach into the national marketplace. The Company is currently in the final stages of preparing the site for its launch and expects it will be open for business early in the fourth quarter of this year.
"There is a substantial revenue opportunity in the online retail channel that we are eager to leverage," said Theater Xtreme CEO Scott Oglum. "The core strength of the site is that it positions a variety of pre-packaged home cinema interior decor items with audio/visual components, which are designed to complement one another."
Theater Xtreme's online store will allow users to purchase projectors, cables, furnishings, and accessories, to design custom movie theaters for the home. Customers will have the option to purchase individual items or pre- configured theater room packages.
"Our competitive advantage is in the differentiated products and complete packages that we offer," added Oglum. "The online store is an ideal outlet for potential customers who do not live near a Theater Xtreme retail store but want to put real movie theater in their homes using a one-stop, online shopping experience to own, what we consider to be, the ultimate home improvement."
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 - News) 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.
Contacts:
Investor & Media:
The Investor Relations Group
Katrine Winther-Olesen
212-825-3210
katrine@investorrelationsgroup.com
Mike Graff/Susan Morgenbesser
212-825-3210
mgraff@investorrelationsgroup.com
susan@investorrelationsgroup.com
|
