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NEWARK, Del., Aug. 6 /PRNewswire-FirstCall/ -- Theater Xtreme Entertainment Group, Inc.'s (OTC Bulletin Board: TXEG - News) Chief Executive Officer, Scott Oglum, was interviewed by Dealerscope magazine's Editor-in-Chief Jeff O'Heir on July 17, 2007. During the video interview, O'Heir called Theater Xtreme "one of the most exciting CE retail stores he's visited," and went on to cover the company's powerful sales system and how it is tapping into a burgeoning new market category.
Mr. Oglum commented on the company's highly entertaining, movie-theater retail theme pervasive throughout its 14 stores in 10 states. "The whole concept behind [the stores] is to have customers experience what it's like to own a real movie theater in their homes." That customer experience is something the company believes it does better than anyone else by showcasing rooms designed to stimulate interest as well as educate how affordable and easy it is to own.
A free replay of the July 17, 2007 Dealerscope video interview can be viewed at:
http://www.dealerscope.com/video/index.bsp?sid=70100&var=video
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
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