Thermoview (AMEX:THV)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Thermoview Charts. Click Here for more Thermoview Charts.](/p.php?pid=staticchart&s=A%5ETHV&p=8&t=15)
ThermoView Industries Unveils New State-of-the-Art Compozit Window At Annual VP
Meeting
LOUISVILLE, Ky., Nov. 7 /PRNewswire-FirstCall/ -- To most homeowners, a window
is not just a window anymore. So, what does the most innovative window on the
market mean to homeowners? ThermoView Industries, Inc. , one of the nation's
largest full-service home improvement remodeling companies, believes it has the
answer to that question.
At their annual vice presidents' meeting, ThermoView unveiled a prototype of a
new Compozit window that is believed to be made of the strongest, most durable
material on the market. While being 40% stronger than current vinyl windows,
the new Compozit window is also 40% lighter, comes in a variety of designer
colors and can also provide substantial energy savings when installed throughout
a home. Additionally, this new window is expected to be priced in line with
ThermoView's other top of the line window based products.
"With the new Compozit window, we are continuing our advancement in new product
technology and our efforts to have the best products on the market," said
Charles L. Smith, ThermoView's president and CEO. "The new Compozit window,
made of this state-of-the-art material and extrusion process, will give
homeowner's a highly weatherable product that will last for a substantially
longer period of time than the ordinary vinyl products currently on the market.
Additionally, we are developing a warranty for this product that will be
unprecedented in the industry. We believe that this new Compozit window will be
the only one of its kind and coupled with the unmatched warranty will make it a
product that stands alone in the home improvement industry. This and the
possibility of ultimate energy savings as well, make this product a great
investment for the homeowner."
ThermoView's Compozit window components are manufactured through their joint
venture with Roycom, Inc., a Canada-based extruder of window and door profiles
which are produced with proprietary thermoplastic resins engineered by GE
Plastics, a division of General Electric Company. ThermoView currently markets
and distributes Compozit products in the midwestern U. S. through its Thermal
Line Windows, LLP and Leingang Siding and Window, Inc. subsidiaries.
"The manufacturing process for the new Compozit window has been a very solid and
detailed process. We have incorporated many revisions for quality and have
worked very hard to make sure that we can price this new product in line with
our current offerings and that has taken some time. All told though, we
anticipate the new Compozit window to be available late in the first quarter
(calendar year) of 2004. The unveiling of this product to our subsidiary vice
presidents not only shows ThermoView's investment in the future of the home
improvement business but is also a testament of our commitment to our
shareholders as a company focused on growth and innovation."
At the meeting where the new prototype Compozit window was unveiled, ThermoView
also introduced David Iglehart as the corporations' new National Advertising
Director and Ed Antle as the new National Marketing Director.
"These gentleman come to ThermoView Industries with great experience and fresh
perspectives and this further establishes our plan for greater efficiencies in
these two critical areas of our business," Smith Said. "Their focus in
advertising and marketing will enhance our transition to a nationally branded
company."
About ThermoView Industries, Inc.
ThermoView is a national company that designs, manufactures, markets and
installs high-quality replacement windows and doors as part of a full-service
array of home improvements for residential homeowners. ThermoView's other
services include vinyl siding and home-textured coatings; kitchen and bathroom
remodeling; patio, deck and sunroom construction; and roofing. ThermoView's
common stock is listed on the American Stock Exchange under the ticker symbol
"THV." Additional information on ThermoView Industries is available at
http://www.thv.com/.
Safe Harbor Statement
Statements in this news release that are not descriptions of historical facts
are forward-looking statements that are subject to risks and uncertainties.
Words such as "expect," "intends," "believes," "plans," "anticipates" and
"likely" also identify forward-looking statements. All forward-looking
statements are based on current facts and analyses. Actual results may differ
materially from those currently anticipated due to a number of factors
including, but not limited to history of operating losses, anticipated future
losses, competition, future capital needs, the need for market acceptance,
dependence upon third parties, disruption of vital infrastructure and
intellectual property rights. All forward-looking statements are made pursuant
to the Securities Litigation Reform Act of 1995. Additional information on
factors that may affect the business and financial results of the Company can be
found in filings of the Company with the Securities and Exchange Commission.
ThermoView undertakes no obligation to update forward-looking statements for
revisions or changes after the date of this release.
CONTACTS:
David Iglehart, National Advertising Director, ThermoView Industries, Inc.,
(http://www.thv.com/), 502-968-2020.
DATASOURCE: ThermoView Industries Inc.
CONTACT: David Iglehart, National Advertising Director of ThermoView
Industries, Inc., +1-502-968-2020
Web site: http://www.thv.com/