Live Ventures Subsidiary Vintage Stock Announces Opening of 4 New Retail Locations and 2022 Expansion Plans
December 01 2021 - 8:31AM
Live Ventures Incorporated (Nasdaq: LIVE) (“Live,” “Live Ventures,”
or the “Company”) announced today that its subsidiary, Vintage
Stock Inc. (“Vintage Stock”), is opening four new stores under
Vintage Stock’s EntertainMart brand in the following locations:
Longview and Abilene, Texas; Lincoln, Nebraska; and Idaho Falls,
Idaho (opening December 10, 2021). The new store locations are all
located in regional malls that have larger-than-normal regional
consumer appeal. Vintage Stock has continued to grow over the years
thanks to its business model, its extensive and diversified product
offerings, and its loyal customer base. Vintage Stock anticipates
opening five to 10 new stores in calendar year 2022 as it continues
to grow.
“In a time when many retail companies are shutting down
brick-and-mortar stores, or lessening their physical presence in
communities, we are excited to be able to increase our footprint,”
said Rodney Spriggs, Vintage Stock’s CEO. “We believe these mall
locations are ideally situated for movie, music, toy, and video
game enthusiasts of all ages—and sales so far are proving that; we
look forward to potentially expanding into other similarly-situated
mall locations around the United States in 2022.”
Though this expansion is occurring during the pandemic, Vintage
Stock continues to apply all of its COVID-related safety measures,
which in turn allow customers to come into its stores to purchase
the varied products it sells. Vintage Stock also continues to serve
its customers online at www.vintagestock.com.
Forward Looking Statements
This press release contains statements that are forward-looking
statements as defined within the Private Securities Litigation
Reform Act of 1995, including, but not limited to, statements
relating to the anticipation that Vintage Stock may open new stores
in 2022, and other statements, including words such as “continue”,
“expect”, “intend”, “will”, “hope” “should”, “would”, “may”,
“potential” and other similar expressions. Such statements reflect
Live’s current view with respect to future events, are subject to
risks and uncertainties, and are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
Live, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies.
Many factors could cause Live’s actual results, performance, or
achievements to be materially different from any future results,
performance, or achievements described in this press release. Such
factors could include, among others, those detailed in Live’s
periodic reports filed with the U.S. Securities and Exchange
Commission (the “SEC”). Should one or more of these risks or
uncertainties materialize, or should the assumptions set out in the
sections entitled “Risk Factors” in Live’s filings with the SEC
underlying those forward-looking statements prove incorrect, actual
results may vary materially from those described herein. These
forward-looking statements are made as of the date of this press
release and Live does not intend, and does not assume any
obligation, to update these forward-looking statements, except as
required by law. Live cannot assure that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Individuals
are cautioned that forward-looking statements are not guarantees of
future performance and, accordingly, investors are cautioned not to
put undue reliance on forward-looking statements due to the
inherent uncertainty therein.
About Live Ventures
Live Ventures is a rapidly growing, diversified holding company
with a strategic focus on value-oriented acquisitions of domestic
middle-market companies. Live Venture’s acquisition strategy is
sector-agnostic, and primarily focuses on well-run, closely held
businesses with a demonstrated track record of earnings growth and
cash-flow generation. The Company looks for opportunities to
partner with management to build increased stockholder value
through a disciplined buy-build-hold long-term focused strategy.
Live Ventures was founded in 1968 and refocused in 2011 under our
CEO and strategic investor, Jon Isaac. The Company’s current
portfolio of diversified operating subsidiaries includes companies
in the textile, flooring, tools, steel, entertainment, and
financial services industries.
Contact:Live Ventures IncorporatedTim Matula, Investor
Relations(425)
836-9035tmatula@liveventures.comhttp://liveventures.comSource:
Live Ventures Incorporated
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