posted
August 06, 2004 09:00 AM US Eastern Timezone
Dark Dynamite Takes up New Residence; Landmark Building Becomes Center of Universe
SALT LAKE CITY--(BUSINESS WIRE)--Aug. 6, 2004--Dark Dynamite (OTCBB: DRKD), an eccentric lifestyles company, announces the signing of a five-year lease for its new Salt Lake City headquarters with Wasatch Capital Corp., a subsidiary of Nexia Holdings Inc. (OTCBB: NXIA). The new offices and design rooms will be housed in the glorious turn-of-the-century Bennet Paint and Glass building located at 61 W. 100 S. Salt Lake City, UT 84101. This landmark, in the heart of historic downtown, exhibits an astounding level of Victorian ornamentation, which aligns beautifully with the company's aesthetics. The choice of the Bennet building was also based on its amenities, such as rooms large enough for the rapidly expanding design and service departments of Dark Dynamite and its subsidiaries. Also, the space has ample square footage to expand its warehousing capabilities, and seemingly endless natural light provided by grand floor-to-ceiling windows.
The lease agreement outlines that Dark Dynamite's plans for renovation of the new space will directly offset the cost of the lease. The lease is for the entire 4,704-square-foot second floor of the building and has an initial lease cost of $12 per square foot for the first year and increases by 3% every year. The company is in contract negotiations with MJSA and Associates, an architecture firm in Salt Lake City, to develop its new workspace. Construction on this site is slated to begin in late August. The building has approximately 10,000 square feet in addition that can be developed as the company grows.
Please visit www.darkdynamite.com for daily news updates, trading volume, stock quotes, staff resumes, projects in action, new research and development, and employment opportunities.
Dark Dynamite Inc. strongly encourages the public to read the above information in conjunction with its Form 10KSB for Dec. 31, 2003, and Form 10QSB filed May 19, 2004. The above documents can be viewed at www.sec.gov.
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