Alford Refrigerated Warehouses Announces Its Listing On the Nasdaq Exchange.DALLAS--(BUSINESS WIRE)--Aug. 25, 1999-- Alford Refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. Warehouses, Inc. announces that its common stock has been listed for trading on the Nasdaq Small Cap Market, effective Friday, August 20, 1999, under the Symbol "ALFO". Alford also announces that it has signed a firm contract for the sale of a small parcel of vacant land near its Cadiz Street facility for a cash price of $300,000 with closing to take place on Sept. 3, 1999. Alford is the largest public refrigerated warehousing operation in the southwest United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company operates a network of four strategically located refrigerated warehouse facilities in Texas, with a total area of 1,500,000 sq. ft. or 32,000,000 cu. ft. of storage space. Alford's public warehouse business consists of providing customers, which include food processors, distributors, wholesales and retailers, with temperature controlled storage services and a full range of logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet and other value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. such as: blast freezing blast freezing a method of freezing poultry in which the carcasses are subjected to temperatures of -40°F in a blast tunnel for 2 to 3 hours. of fresh products; repackaging and labeling of food products; order picking and load consolidation; cross-docking; container handling; importing and exporting services; USDA USDA, n.pr See United States Department of Agriculture. approved storage and inspection services; and Federal Government inspected facility for export. Prior to listing on the Nasdaq Exchange, the common stock of Alford Refrigerated Warehouses, Inc. traded on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets. For additional information, contact Michael A. Oros, President at 214/426-0200 or James C. Williams, Vice President and Chief Financial Officer, at 214/426-5151. The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. |
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