Printer Friendly

FOXMOOR ANNOUNCES NEW AGREEMENTS

 DENVER, April 26 /PRNewswire/ -- Foxmoor Industries Ltd. (NASDAQ: FOXI) today announced an agreement with Phoenix Financial Service Inc. to provide staged funding for their dealers. Phoenix Financial provides end loans for home remodeling. They are based in Birmingham, Ala. and serve a base of 500 dealers in an eight state area.
 Foxmoor president, Ross Corace, said that "this agreement represents the strongest relationship thus far. Interest in our staged funding program continues to run high. New demands out-strip available capital even after the recent doubling of our working capital from the exercise of one-quarter of Foxmoor's outstanding warrants. As a result, we expect to show progressively larger, sustainable earnings per share for at least the next six quarters."
 Separately, Foxmoor has picked up two other large, independent dealers: Nationwide Exteriors of Hot Springs, Ark.; and Betterbuilt Construction of Atlanta. Betterbuilt claims to have increased their business by 40 percent as a direct result of the capital made available to them by Foxmoor.
 Foxmoor Industries is engaged in the financial services industry; specifically, financing work in progress (also known as staged funding) for the home improvement industry to established contractors and dealers.
 -0- 4/26/93
 /CONTACT: John Lefebvre of Shareholder Relations, 303-457-2852, for Foxmoor Industries/
 (FOXI)


CO: Foxmoor Industries Ltd.; Nationwide Exteriors; Phoenix Financial
 Service Inc.; Betterbuilt Construction ST: Colorado, Alabama, Georgia, Arkansas IN: SU: TNM


BB -- DV001 -- 0460 04/26/93 08:30 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 26, 1993
Words:235
Previous Article:LEAR AWARDED JAGUAR CONTRACT
Next Article:RETIRED LT. GEN. VERNON KONDRA JOINS THE DOUGLAS REITER CO.
Topics:


Related Articles
FOXMOOR RECORD NETS 21 CENTS PER SHARE FOR 12 MONTHS
FOXMOOR REPORTS NET INCOME OF 6 CENTS PER SHARE IN SECOND QUARTER
FOXMOOR ANNOUNCES EXCLUSIVE FINANCING AGREEMENT
FOXMOOR OPENS TACOMA WAREHOUSE TO RECEIVE REYNOLDS METALS' PRODUCTS
FOXMOOR ANNOUNCES NEW BUSINESS
FOXMOOR ANNOUNCES NEW AGREEMENT
FOXMOOR REPORTS SECOND QUARTER EARNINGS
FOXMOOR IN JOINT VENTURE DISCUSSIONS
Foxmoor Announces Results From Operations
Foxmoor Inks Distribution Agreement

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters