Live Ventures Subsidiary, Vintage Stock, Inc., Opens Eight New Stores
January 31 2017 - 7:30AM
Live Ventures Incorporated, (Nasdaq:LIVE), (the “Company”), a
diversified holding company, today announces its subsidiary,
Vintage Stock, Inc., America’s entertainment superstore chain, has
opened eight new stores in the United States, bringing its total
holdings to 57 stores across ten states.
“We have been carefully cultivating our audience throughout the
Mid- and Southwest, and we are now the leading provider of new and
used entertainment, specifically, movies, games, music, comics and
collectables in the US,” said Rodney Spriggs, CEO of Vintage Stock,
Inc. “These additional eight locations were an exciting
opportunity to take advantage of existing entertainment outlets run
by a competitor, acquiring not only their space, but their existing
customer base, thus ensuring a loyal following in those regions,
while helping further expand the Live Ventures footprint in the
United States.”
The recently opened stores are located in:- Conway, Arkansas -
Coeur D’Alene, Idaho - Farmington, New Mexico - Grandview, Missouri
- Harrisville, Utah - Kerrville, Texas - Midland, Texas - Yukon,
Oklahoma
All but Grandview will be operating under the “Entertainmart”
brand and averaging 26,000 square feet each.
“We are highly supportive of Vintage Stock’s expansion and look
forward to the these new stores’ contribution to Live Ventures’
overall revenues and profits,” said Live Ventures CEO, Jon
Isaac.
About Live Ventures Incorporated Live Ventures
Incorporated is a diversified holding company with several wholly
owned subsidiaries and a strategic focus on acquiring profitable
companies that have demonstrated a strong history of earnings
power. Live Ventures Incorporated provides, among other
businesses, marketing solutions that boost customer awareness and
merchant visibility on the Internet. The Company operates a
deal engine, which is a service that connects merchants and
consumers via an innovative platform that uses geo-location,
enabling businesses to communicate real-time and instant offers to
nearby consumers. In addition, it maintains, through its
subsidiary, ModernEveryday, an online consumer products retailer
and, through its subsidiary, Marquis Industries, a specialty,
high-performance yarns manufacturer, hard-surfaces re-seller, which
is a top-10 high-end residential carpet manufacturer in the United
States. Marquis Industries, through its A-O Division,
utilizes its state-of-the-art yarn extrusion capacity to market
monofilament textured yarn products to the artificial turf
industry. Marquis is the only manufacturer in the world that
can produce certain types of yarn prized by the industry.
Most recently, the company acquired Vintage Stock, Inc., an
award-winning entertainment company, featuring movies, classic and
new video games, music, collectible comics and toys, and the
ability to special order and ship product worldwide to the
customer’s doorstep. Vintage Stock is America’s largest
entertainment superstore chain.
Forward-Looking and Cautionary StatementsThis
press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of
1995. In accordance with the safe harbor provisions of
this Act, statements contained herein that look forward in time
that include everything other than historical information, involve
risks and uncertainties that may affect the Company’s actual
results. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar
statements. Live Ventures Incorporated may also make written
or oral forward-looking statements in its periodic reports to the
U.S. Securities and Exchange Commission on Forms 10-K, 10-Q and
8-K, in its annual report to stockholders, in press releases and
other written materials and in oral statements made by its
officers, directors or employees to third parties. There can be no
assurance that such statements will prove to be accurate and there
are a number of important factors that could cause actual results
to differ materially from those expressed in any forward-looking
statements made by the Company, including, but not limited
to, plans and objectives of management for future operations
or products, the market acceptance or future success of our
products, and our future financial performance. The
Company cautions that these forward-looking statements are further
qualified by other factors including, but not limited to, those set
forth in the Company’s Form 10-K for the fiscal year ended
September 30, 2016, most recent Form 10-Q, and other filings with
the U S. Securities and Exchange Commission (available
at http://www.sec.gov). The Company undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events, or
otherwise.
Contact:
Live Ventures Incorporated
Tim Matula, investor relations
425-836-9035
tmatula@live-ventures.com
http://live-ventures.com
Source: Live Ventures Incorporated
Live Ventures (NASDAQ:LIVE)
Historical Stock Chart
From Apr 2024 to May 2024
Live Ventures (NASDAQ:LIVE)
Historical Stock Chart
From May 2023 to May 2024