CRC Chromcraft Revington, Inc.

Residential and commercial furniture manufacturer Chromcraft, a division of Chromcraft Revington, Inc. (NYSE Amex:CRC), takes another major step in their commitment to promoting sustainable home and work environments. The latest action incorporates renewable raw materials into polyurethane foam. Already GREENGUARD® certified, Chromcraft’s Mississippi facility further demonstrates its dedication to environmental efforts by enlisting MCPU Polymer Engineering to “green up” seating foam with soy-based Honey Bee™ polyol.

The new foam cushions comply with rigorous physical test standards demanded for residential and commercial seating applications and prove it is possible to produce environmentally friendly foam without sacrificing critical performance attributes. This single act of replacing a portion of petroleum-derived chemical with Honey Bee™ polyol allows Chromcraft to expand environmental efforts on many levels. MCPU’s proprietary technology takes soybean oil to polyol in one clean, efficient step, saving energy and reducing the greenhouse effect. The end product is a consistent soy-polyol that works well with conventional urethane materials to produce high quality foams. The polyol contributes to Presidential initiatives for U.S. production and the American Recovery and Reinvestment Act of 2009; its use also enables Chromcraft to make a positive impact on U.S. farming initiatives.

Chromcraft’s new soy-foam seating offers ergonomic comfort, Chromcraft quality and makes an environmental statement as encouraged by LEEDS and GREENGUARD standards. Both Chromcraft and MCPU Polymer Engineering will continue efforts to replace non-sustainable content with more renewable materials in the future.

Chromcraft’s eco-improved seating will be available for purchase in the fourth quarter of this year.

Chromcraft Revington™ businesses design residential and commercial furniture marketed throughout North America. The Company wholesales its residential furniture products under Chromcraft™, Cochrane™, and Peters-Revington™, as primary brand names. It sells commercial furniture under the Chromcraft™ brand name. The Company sources furniture from overseas, with domestic contract specialty facilities, and operates one U.S. manufacturing facility for its commercial furniture and motion based casual dining furniture in Mississippi.

This release contains forward-looking statements that are based on current expectations and assumptions. These forward-looking statements can be generally identified as such because they include future tense or dates, or are not historical or current facts, or include words such as “believes,” “may,” “expects,” “anticipates,” or words of similar import. Forward-looking statements are not guarantees of performance or outcomes and are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those reported, expected, or anticipated as of the date of this release.

Among such risks and uncertainties that could cause actual results or outcomes to differ materially from those reported, expected or anticipated are general economic conditions, including the impact of the current global recession; import and domestic competition in the furniture industry; ability of the Company to execute its business strategies, implement its new business model and successfully complete its business transition; ability to grow sales and reduce expenses to eliminate its operating loss; supply disruptions with products manufactured in China; continued availability under the Company’s bank credit facility; market interest rates; consumer confidence levels; cyclical nature of the furniture industry; consumer and business spending; changes in relationships with customers; customer acceptance of existing and new products; new and existing home sales; financial viability of the Company’s customers and their ability to continue or increase product orders; loss of key management; and other factors that generally affect business; and certain risks as set forth in the Company’s annual report on Form 10-K for the year ended December 31, 2008 and Form 10-Q for the quarter ended July 4, 2009.

The Company does not undertake any obligation to update or revise publicly any forward-looking statements to reflect information, events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events or circumstances.

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Chromcraft Revington (AMEX:CRC)
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De Abr 2024 a May 2024

Chromcraft Revington (AMEX:CRC)
Gráfica de Acción Histórica
De May 2023 a May 2024