NEWARK, Del., July 11, 2006 (PRIMEZONE) -- Theater Xtreme Entertainment Group (OTCBB:TXEG), a Newark, DE-based franchisor of home cinema design and installation centers, announced today it has approved two franchises in Las Vegas, NV for Compton, Inc. of Eagle, Idaho.
The forthcoming locations are part of Theater Xtreme's national franchise expansion program.
Scott Oglum, Theater Xtreme's CEO, stated, "Compton is wise to expand into Las Vegas. The upwardly-mobile consumer base continues to expand there at a very fast pace, and so does the suburban sprawl. We have high expectations for that market."
Both Las Vegas design centers will feature at least five Theater Xtreme home cinema rooms. The first of the two is expected to open in 2007.
"We're proud that Compton and his team are bringing Theater Xtreme to Las Vegas," said Ken Warren, President and Chief Operating Officer. "This growth reflects the organization's vision for a national retail presence."
Visit TheaterXtreme.com for more information about this and other locations.
About Theater Xtreme -- Theater Xtreme Entertainment Group, Inc. designs, sells, and installs affordable, large-format, front projection home cinemas. Its home cinema packages feature OneView(tm), a media controller that combines on-screen movies, music, photos, games, and Internet access with the touch of a button. The Company focuses on middle-income consumers in the home entertainment marketplace, emphasizing value and performance across its line of home cinema audio, video, furnishings, and accessories.
Safe Harbor Statement -- Some of the information presented in this press release constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent the Company's judgment regarding future events, and are based on currently available information. Although the Company believes it has a reasonable basis for these forward-looking statements, the Company cannot guarantee their accuracy and actual results may differ materially from those the Company anticipated due to a number of known and unknown uncertainties, of which the Company is not aware. Factors which could cause actual results to differ from expectations include, among others, the ability of the Company to sell franchises, success of the franchise stores, location of stores, delay or loss of key products from vendors, disruption of product delivery from overseas suppliers, changes in regard to significant customers or suppliers, increased competition from companies with more expertise, experience, or financial resources, technological improvements in the home theater market which may render the Company's offerings obsolete, less competitive, or too expensive, material reduction in the demand for home theaters, and lack of sufficient capital to allow the Company to achieve its strategic objectives. For additional information concerning these and other important factors that may cause the Company's actual results to differ materially from expectations and underlying assumptions, please refer to the reports filed by the Company with the Securities and Exchange Commission which are available at http://www.sec.gov.