Message #9 From:
Stock News Bot Date: November 3, 2005 02:30:00 AM
KHLM News Kuhlman Company Announces New Retail Store Openings and Store Relocation; Opens High Profile Retail Locations in Philadelphia, PA and Geneva, IL; Relocates to Better Store Location at Dallas Galleria Mall
MINNEAPOLIS--(BUSINESS WIRE)--Nov. 3, 2005--Kuhlman Company, Inc. (OTCBB: KHLM) today announced that it recently opened two new stores and relocated to a larger store in an existing mall location. The new stores are located on Chestnut Street in Philadelphia, PA and at the Geneva Commons outdoor lifestyle center in Geneva, IL. The store relocation occurred at the Galleria in Dallas, TX. The Company is now in a larger, more visible store location in a highly trafficked area of the Dallas mall.
Scott Kuhlman, Chief Executive Officer, commented, "With the opening of our new stores in Philadelphia and Geneva, we have now opened 21 stores in our current fiscal year. We are on schedule with our target to open at least 25 new retail locations by year end. Our retail store expansion is allowing us to draw new customers into our doors, enhance our national brand awareness, and increase our sales productivity. Our organization continues to strengthen and our concept as an affordable, stylish, tailored clothing brand positions us well for continued growth ahead."
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 forty three (43) retail stores in 17 states and in Washington D.C. Kuhlman's growth strategy includes men's and women's at all opening stores. 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.
