Corporate Profile for LandCare USA Inc., dated June 5, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: June 5, 1998
Company Name: LandCare USA Inc.
Address: Three Riverway, Suite 630
Houston, Texas 77056
Main Telephone
Number: 713/965-0336
Chief Executive
Officer: William (Bill) F. Murdy
Chief Financial
Officer: Peter C. Forbes
Investor Relations
Contact: Peter C. Forbes
Business number: 713/965-0336, ext. 176
Public Relations
Contact: Peter C. Forbes
Business number: 713/965-0336, ext. 176
Trading Symbol/
Exchange: GRW/NYSE
Industry: Commercial Landscaping and Tree Maintenance
Market Makers: BT Alex Brown, NationsBanc, Montgomery Securities
and Sanders Morris Mundy
Company description: LandCare Landcare began in Victoria, Australia in 1986 with a group of farmers near St Arnaud in central Victoria forming the first Landcare group. Since then, the Landcare concept has developed into a movement, across Australia and now around the world. was founded in 1997 to become a leading national provider of comprehensive landscape and tree services to the commercial and institutional markets. The Company offers a full range of landscape maintenance, landscape installation and tree services capabilities, including trimming trees and other plant growth away from power lines, generally known as "line clearing". The Company serves a diverse set of customers, including regional and national property owners and managers, real estate developers, corporations, utilities, universities and governmental entities. Properties served by the Company include office buildings, multi-family residential Multi-family residential is a classification of housing where multiple separate housing units are contained within one building. The most common form is an apartment building. Many intentional communities incorporate multi-family residences, such as in cohousing projects. complexes, shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , corporate and university campuses, parks, hotels, resorts and governmental facilities. Approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 75 percent of the Company's pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma combined revenues in 1997 were attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to maintenance services, which include line clearing for utility customers, and 25 percent were attributable to installation services. Upon consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of this Offering, LandCare will acquire the seven Founding Companies, which have been in business an average of 25 years. Pro forma combined revenues of the Founding companies were $118.8 million in 1997, and historical combined revenues increased at a compound annual growth rate of approximately 10 percent from 1995 through 1997. In addition to emphasizing internal growth, the Company intends to implement an aggressive acquisition program. CONTACT: LandCare |
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