Message #2 From:
Stock News Bot Date: August 5, 2005 05:00:00 AM
KHLM News Kuhlman Company Announces New Retail Store Openings; Opens 2 Stores During Month of July
MINNEAPOLIS--(BUSINESS WIRE)--Aug. 5, 2005--Kuhlman Company, Inc. (OTCBB: KHLM) today announced that it has continued to achieve it's plan for new store openings and now has it's third New York City location.
The Company reported that it opened new stores at 96 Grand Street in the fashionable Soho district of New York City and in the Great Lakes Mall outside of Cleveland, Ohio.
Scott Kuhlman, Chief Executive Officer, commented, "We are pleased and gratified that our concepts have an ability to perform, not only in Soho, which is one of the best street-retailing locations in the world, but also in a market such as Cleveland.. We believe that the combination of fashion, value, and service which we offer has given us a tremendous opportunity to grow our business and we remain highly focused on executing our business plan."
The Company continues to target opening at least 25 new locations during their fiscal year ending on January 1, 2006.
About Kuhlman Company, Inc.
Kuhlman is a specialty retailer and wholesale provider of both men's and women's apparel, offered under the Kuhlman brand through company-owned retail stores and under private labels through other large retailers. Kuhlman opened its first retail store in July 2003 and now operates thirty four (34) retail stores in 16 states. At present, six of the company's stores are a woman's specialty boutique format. Kuhlman has approximately 150 employees and its corporate office is located in Minneapolis, MN. Additional information regarding Kuhlman and its apparel, and store locations can be found at http://www.kuhlmancompany.com.
Forward-Looking Statements
Some of the statements made in this release are forward-looking statements. These forward-looking statements are based upon our current expectations and projections about future events and generally relate to our plans, objectives and expectations for our business. Although our management believes that the plans and objectives expressed in these forward-looking statements are reasonable, the outcome of such plans, objectives and expectations involve risks and uncertainties and our actual future results may be materially different from the plans, objectives and expectations expressed in these forward-looking statements. Specific factors that might cause actual results to differ from our current expectations include, but are not limited to:
-- our ability to anticipate and identify style trends
-- our ability to identify and secure favorable retail locations
-- our ability to establish successful vendor relationships and obtain quality products on a timely basis
-- our ability to hire and develop successful retail salespeople and managers
-- our ability to identify and develop additional wholesale relationships
-- our ability to compete successfully against other retailers and market our styles in a profitable manner, and
-- other factors expressed in our periodic filings with the United States Securities and Exchange Commission, specifically including those risk factors contained in the Company's current report on Form 8-K filed on June 16, 2005.
For the foregoing reasons, readers and investors are cautioned that there also can be no assurance that the outcomes expressed in our forward-looking statements included in release will prove to be accurate. In light of the significant uncertainties inherent in such forward-looking statements, the inclusion of such information should not be regarded as a representation or warranty by the Company or any other person that the Company's objectives and plans will be achieved in any specified time frame, if at all. The Company does not undertake any obligation to update any forward-looking statements or to announce revisions to any forward-looking statements.
