SAMMAMISH, WA, Sept. 19 /PRNewswire-FirstCall/ -- Tradeshow Marketing Company, Ltd. , a specialty product development and direct to consumer commerce company with operations in North America, today announced the closure of its two retail stores in Arizona due to underperformance and increasingly challenging retail conditions. This decision came as part of an ongoing effort to reduce expenses and reverse losses.
"Though the decision to close the stores was not easy, it was a necessary step to prevent further losses and cash flow decreases," said Luniel de Beer, President and CEO of Tradeshow Marketing Company.
Mr. De Beer continued, "We thank our loyal Arizona customers for their support over the years. We also thank our store employees for their hard work and dedication, and we are committed to assist them with this transition."
Management continues to assess prospective locations, suitable to develop a set of showcase stores through which it seeks to demonstrate and expand its national retail brand. In addition, management is assessing non-traditional retail concepts, while continuing with its tradeshow operations to debut its developing line of proprietary branded products, and remains focused on executing its business plan for launching its products via direct response channels.
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company.
More information is available about Tradeshow Marketing Company at
http://www.tsmc.ca/
Media Contacts: Luniel de Beer, President & CEO, Tradeshow Marketing
Company,
