THE
WOODLANDS, Texas, April 12,
2024 /PRNewswire/ -- Target Hospitality Corp.
("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one
of North America's largest
providers of vertically integrated modular accommodations and
value-added hospitality services, today announced a new regional
partnership with the Chard Métis Dene Group of
Companies (CMD), an economic development entity for the Chard
Métis Nation. Located south of Fort
McMurray, along the Highway 881 corridor in Alberta, Canada, the Chard Métis Nation is
dedicated to prioritizing traditions and maintaining their
connection to the land as they strive for economic independence to
promote educational, employment and economic development
opportunities for community members, including youth and
elders.
Brad Archer, Target Hospitality's
President and Chief Executive Officer, stated, "I am excited to
embark on this venture with the Chard Métis Dene Group of
Companies, and to realize the benefits it will provide to the
Nation. The partnership underscores Target Hospitality's commitment
to invest in the local communities in which we operate."
Justin Herman, Chief Executive
Officer of Chard Métis Dene Group of Companies, added, "CMD are
enormously proud to add Target Hospitality to our world-class group
of corporate and industrial partnerships. The commitment to
community and excellence that is demonstrated by Target
Hospitality, and the beautiful Cheecham Lodge facility, is a great
fit with our company and community values. We look forward to many
years of success."
About Target Hospitality
Target Hospitality is one of North
America's largest providers of vertically integrated modular
accommodations and value-added hospitality services in the United States. Target builds, owns and
operates a customized and growing network of communities for a
range of end users through a full suite of value-added solutions
including premium food service management, concierge, laundry,
logistics, security and recreational facilities services.
About Chard Métis Dene Group of Companies
Chard Métis Dene Group of Companies (CMD) is a wholly owned
economic development entity of the Chard Métis Nation. CMD aims to
drive benefits for community members through the creation of
strategic partnerships with world-class organizations involved in
local and regional markets. CMD are extremely selective of
potential partners, creating long-term, beneficial relationships
supporting positive economic, social and cultural activity for our
members, our industry clients and our partners.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended. We have used the words
"could," "expect," "intend," "may," "strive," "will," "would," and
similar terms and phrases to identify forward-looking statements in
this press release. Although we believe the assumptions upon which
these forward-looking statements are based are reasonable, any of
these assumptions could prove to be inaccurate and the
forward-looking statements based on these assumptions could be
incorrect. Many of the factors that will determine these results
are beyond our ability to control or predict. These factors include
the negotiation and execution of definitive agreements relating to
the proposed transaction, the ability of the parties to consummate
any transaction, the failure to achieve approval of the
unitholders, the timing of any transaction, and the costs
associated with consideration and execution of any proposed
transaction, as well as the risk factors described in Part I, Item
1A. in our Annual Report on Form 10-K for the year ended
December 31, 2023, filed with the SEC
on March 13, 2024, and our other
filings with the SEC. All future written and oral forward-looking
statements attributable to us or persons acting on our behalf are
expressly qualified in their entirety by the previous statements.
The forward-looking statements herein speak as of the date of this
press release. We undertake no obligation to update such statements
for any reason, except as required by law.
Investor Contact
Mark
Schuck
(832) 702 –
8009
ir@targethospitality.com
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SOURCE Target Hospitality