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Author Topic: TXEG - today is first day of trading
Johnwayne
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NEWARK, Del., July 6 /PRNewswire-FirstCall/ -- Theater Xtreme
Entertainment Group, Inc. (the "Company"), a Newark, DE-based retailer and
franchisor of home cinema design and installation centers, is pleased to
announce that the Company's common stock is now quoted for trading under the
symbol TXEG (OTC Bulletin Board).
The Company's design centers focus on the sale and installation of
affordable, large screen, front projection, in-home cinema rooms comprised of
video and audio home theater components. A majority of the Company's home
theater systems are installed on-site at customer homes, with screen sizes
ranging from 80 inches to over 12 feet. The Company also sells many of its
products under its own brand names, including Row One(R) theater seating,
WideView(TM) screens, TX Unimount(TM) projector mounts, Contectx(TM) cables,
and its digital theater management system called OneView(TM). The Company
targets a larger consumer base and lower retail price points than traditional
custom home theater companies do; moreover, the Company presents its products
in a store setting where customers can pleasurably encounter the complete home
theater experience in several different home settings.
The Company's first retail store or "design center" opened on September 1,
2003 in Newark, Delaware and was built to resemble an actual movie theater.
The Company currently owns and operates design centers in Newark, Delaware,
Wilmington, Delaware, Bel Air, Maryland, and Leesport, Pennsylvania. The
Company has also sold 19 franchise territories, with franchise stores
currently open in Springfield, Massachusetts, Auburn Hills, Michigan,
Pittsburgh, Pennsylvania, Boise, Idaho, and Berwyn, Pennsylvania.
"Theater Xtreme is the first retailer to focus on bringing affordable real
movie theaters to the homes of a larger marketplace on a national basis. The
Company's unique shopping experience and marketing strategy combined with a
great management team is what motivated us to become involved with their
growth," said Michael Queen, CEO of Universal Capital Management, Inc.
(OTC Bulletin Board: UCMT), a public venture capital company which has
assisted Theater Xtreme in its expansion to date.
About Theater Xtreme - Theater Xtreme Entertainment Group, Inc.
(OTC Bulletin Board: TXEG) 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.
CONTACT:
Justin Schakelman or Jim Vincenzo
Theater Xtreme Entertainment Group, Inc.
+1 302-455-1334
Email: justin*theaterxtreme.com, jvincenzo*theaterxtreme.com
Web site: http://www.theaterxtreme.com
SOURCE Theater Xtreme Entertainment Group, Inc.


Contact Information:
Justin Schakelman, justin*theaterxtreme.com, or Jim Vincenzo, jvincenzo*theaterxtreme.com, both of Theater Xtreme Entertainment Group, Inc., +1-302-455-1334

WebSite:
http://www.theaterxtreme.com

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Thanks Matto. Thanks Juice.

Posts: 2945 | From: USA | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
Johnwayne
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I have made some money on these plays.
Level II:
.50x1.25
so this may be on the wrong board but I have seen these move in a hurry. I may put a buy in a few ticks over the bid and see if it fills.

--------------------
Thanks Matto. Thanks Juice.

Posts: 2945 | From: USA | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
Tmoney
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new at this what is it opening at

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a little at a time turns a penny to a dime!

Posts: 303 | From: lake charles | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
Johnwayne
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It's never traded before. If you are new I would be very careful here. Probably safer plays than this.
I like to put a small amount in after I see what buys are coming in at or I start out just a few ticks above the bid and work your way up.

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Thanks Matto. Thanks Juice.

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Tmoney
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ok thats what i thought, i probably will just watch and learn on this one since it is a new stock,

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a little at a time turns a penny to a dime!

Posts: 303 | From: lake charles | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
   

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