James River Holdings' Subsidiary, PaveCare, Inks Master Services Agreement With National Discount Retailer
12 Junio 2013 - 7:30AM
Marketwired
James River Holdings Corporation (OTCQB:
JRIV), a diversified holding company focused on acquiring high
growth SMBs and building them into respected market leaders, today
announced that its wholly-owned subsidiary PaveCare, Inc. recently
signed a Master Services Agreement (MSA) with a national discount
retailer, providing the framework for PaveCare to supply contracted
commercial paving services to more than 4000 store locations
operated by the retailer throughout the United States.
Currently, PaveCare is under contract to complete asphalt paving
projects for this national retailer in California, Indiana,
Kentucky and Washington.
"We are very pleased to have won the trust and industry
validation of such a prominent customer and look forward to
enhancing our relationship with them through the delivery of
superior service and on-time, on-budget paving projects," stated
Gerald Vigneaux, General Manager of PaveCare.
J. Barry Watts, Chairman and CEO of James River Holdings, added,
"This MSA is an important step towards establishing PaveCare as the
nation's preferred and trusted provider of commercial paving
services to large retailers; and positions the Company well to
contribute measurably to James River's consolidated revenues and
earnings growth in 2013 and beyond."
About PaveCare, Inc. Established in
November 2012, PaveCare provides pavement maintenance and
restoration for commercial, industrial and residential customers
primarily located in the Central U.S. region. Its services include
asphalt milling and installation, sealcoating, concrete paving,
gutters and curbs and sunken concrete lifting. PaveCare is a
wholly-owned subsidiary of James River Holdings Corporation (OTCQB:
JRIV) and is based in Springfield, Missouri.
About James River Holdings Corporation
Headquartered in Springfield, Missouri, James River Holdings
Corporation is a diversified holding company engaged in acquiring
controlling interests in established companies operating high
growth, entrepreneurial businesses in mature markets. Current
portfolio companies include Springfield Property Management, which
owns and manages 217 residential rental properties in Missouri and
provides turnkey property management solutions to other commercial
and residential property owners; and PaveCare, a company
specializing in commercial pavement repair and parking lot
maintenance services mainly to big-box retailers. For more
information, please visit www.jrholdings.com.
Safe Harbor Statement This press release
may contain forward-looking statements, including information about
management's view of James River Holdings Corporation's (the
"Company") future expectations, plans and prospects. In particular,
when used in the preceding discussion, the words "believes,"
"expects," "intends," "plans," "anticipates," or "may," and similar
conditional expressions are intended to identify forward-looking
statements. Any statements made in this press release other than
those of historical fact, about an action, event or development,
are forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of the Company, its subsidiaries and concepts to be
materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on the Company's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. The Company cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, the Company undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by James River Holdings Corporation.
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