American Homestar Corporation Announces 11 New Retail Franchisees.HOUSTON--(BUSINESS WIRE)--March 20, 1998--American Homestar Corporation (Nasdaq/NM:HSTR HSTR Harry S Truman National Historic Site (US National Park Service) HSTR High Speed Token Ring ) today announced that it has signed 11 new retail franchisees through a single transaction with GRS GRS Graduate School (universities) GRS Great Red Spot (feature of Jupiter) GRS Gender Reassignment Surgery GRS Gamma Ray Spectrometer GRS Graduation Rate Survey GRS General Records Schedules Homes, Inc. Terms of the transaction were not disclosed. The 11 retail locations are all in Texas and, on a combined basis, sold more than 700 new homes in 1997. The total number of franchised retail locations now stands at 37, up from 12 at the beginning of the fiscal year. Commenting on the announcement, Craig Reynolds Craig Reynolds can refer to:
American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Homestar is one of the leading vertically integrated manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected companies. The Company currently operates 11 manufacturing plants, 83 Company-owned retail sales centers, and serves 37 retail franchisees and over 400 independent retail locations in 28 states. The Company also provides retail financing through its finance affiliate, 21st Century Mortgage, and provides insurance and transportation services to its customers. CONTACT: American Homestar Corp., Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; Craig Reynolds, 281/334-9702 |
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