Gaming Venture Corp. Becomes Kuhlman Company, Inc.
09 Junho 2005 - 11:01AM
PR Newswire (US)
Gaming Venture Corp. Becomes Kuhlman Company, Inc. MINNEAPOLIS,
June 9 /PRNewswire/ -- Kuhlman Company, Inc., formerly Gaming
Venture Corp., U.S.A., announced today that the Company has begun
trading under the symbol KHLM on the OTC Bulletin Board. The
Company had previously traded under the symbol GVUS. Kuhlman is a
specialty retailer and wholesale provider of both men's and women's
apparel, offered under the Kuhlman brand through company-owned
retail stores and under private labels through other large
retailers. Kuhlman opened its first retail store in July 2003 and
now operates thirty (30) retail stores in 16 states, competing in
the "better-priced" market, with most stores located in upscale
malls. The majority of Kuhlman's stores are for men but the company
recently developed a woman's specialty boutique format, with
woman's apparel available in 6 locations. The strategy of Kuhlman
is to develop a nationally recognized brand by strategically
opening its apparel stores in upscale shopping malls, upscale
street locations, high-traffic transportation hubs and open air
lifestyle centers. Kuhlman also provides product design and
contract manufacturing for department store retailers seeking to
augment their in-house design and sourcing expertise. Kuhlman has
approximately 150 employees and its corporate office is located in
Minneapolis, MN. Additional information regarding Kuhlman and its
apparel, and store locations can be found at
http://www.kuhlmancompany.com/ . This document contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about the benefits of the
business combination transaction involving Gaming Venture Corp.,
U.S.A., and Kuhlman, including future financial and operating
results, the combined company's plans, objectives, expectations and
intentions and other statements that are not in the nature of
historical facts, including Kuhlman's ability to continue
expansion. Such forward-looking statements are based upon the
current beliefs and expectations of the management of Gaming
Venture Corp., U.S.A., and are subject to significant risks and
uncertainties that could cause actual results to differ materially
from those projected. These include the failure of the conditions
to the merger, as set forth in the related merger agreement, to be
met in a timely fashion (if at all), changes in market conditions,
and changes in the competitive landscape in the industry in which
Kuhlman operates. Any information which is not historical in nature
constitutes a forward-looking statement and speaks only as of the
date of this press release. Gaming Venture Corp., U.S.A. undertakes
no obligation to update investors of changes in forward-looking
statements or the risks and uncertainties in relation thereto as
more definitive information may become available. DATASOURCE:
Kuhlman Company, Inc. CONTACT: Jon Gangelhoff, CFO of Kuhlman
Company, +1-612-338-5752 ext. 210 Web site:
http://www.kuhlmancompany.com/
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