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EXAG WisdomTree Issuer ICAV

10.594
-0.118 (-1.10%)
22 Jul 2024 - Closed
Realtime Data
Name Symbol Market Type
WisdomTree Issuer ICAV TG:EXAG Tradegate Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.118 -1.10% 10.594 10.46 10.582 10.594 10.594 10.594 142 16:31:00

The Experiential Agency(TM) Closes Acquisition of Alice's Garden, a Chicago Floral and Event Decor Firm

09/08/2004 12:00pm

PR Newswire (US)


WisdomTree Issuer ICAV (TG:EXAG)
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The Experiential Agency(TM) Closes Acquisition of Alice's Garden, a Chicago Floral and Event Decor Firm XA to Open Floral and Decor Design Centers in Chicago and New York CHICAGO, Aug. 9 /PRNewswire-FirstCall/ -- The Experiential Agency(TM) (XA) (OTCBB: EXAG), a major national event marketing firm that serves many Fortune 500 companies, reported that it has acquired Alice's Garden, one of Chicago's most prestigious providers of floral and event decor. The acquisition is immediately accretive to earnings. Chairman and CEO Frank Goldstin of XA said, "In addition to the $1 million in revenue in the next 18 months that XA expects Alice's Garden to bring to the company, XA will gain significant competitive and economic advantages by bringing Alice's Garden's design capabilities in-house. The completion of this acquisition is a major step in strengthening the vertical integration of the Company. The acquisition will also benefit our clients by enhancing XA's world-class services and will benefit our shareholders by gaining the efficiencies and wider margins of a vertically integrated organization." An award-winning Chicago retail florist as well as a provider of floral and event decor for corporate and social occasions for more than 13 years, Alice's Garden has provided floral arrangements and decor for Chicago's most prestigious hotels and luxury retailers. Among its clients are the Four Seasons, Ritz Carlton and Peninsula Hotels as well as such distinguished retail stores as Van Cleef & Arpels and Lalique. Jointly, XA and Alice's Garden produced event decor for The NBA, Six Continents Hotels, W Hotels, AstraZeneca, ABN AMRO and McDonald's Corporation among others. Joining XA is a team of eight floral and decor experts, which is being lead by Darren Andereck, the former co-owner of Alice's Garden, who recently joined XA as executive vice president and creative director. The closing of the acquisition, Goldstin said, advances XA plans to open a state-of-the-art Design Center in Chicago. The center will house the retail store featuring a wide assortment of premium floral and display items as well as a facility to showcase XA's design and fabrication capabilities to clients in an exciting environment. The center will further enable XA's ability to fabricate decor and environmental design elements for its prestigious roster of corporate clients and highly visible brands. The Design Center is expected to open in September. The event marketing industry generates nearly $80 billion a year in direct spending, according to a study by Deloitte & Touche LLP. Moreover, corporate spending on event marketing has been growing; it rose 15% in 2003 and it is predicted to generate an additional 15%-to-20% growth in 2004. (Source: PROMO Magazine) About The Experiential Agency, Inc. The Experiential Agency (XA) has full service offices in Chicago, New York and Los Angeles from which it provides corporations and highly visible brands with comprehensive event marketing, design and production services. Since 1989, Chairman and CEO Frank Goldstin and his team have been the creative force behind prestigious, national projects for such clients as The NBA, McDonald's, Song Airlines, Eurex, Olympus, Salvatore Ferragamo, Vogue, W Hotels, ABN AMRO and Emirates Airline. In 2003, Special Events magazine ranked XA as one of the "Top 50 Powerhouse Event Companies in the World." This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. The Experiential Agency, Inc. (OTCBB: EXAG) takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company. For more information, please contact: Company Investor Relations Media Relations Lara Shipp Truc N. Nguyen Stan Froelich XA Stern & Co. Stern & Co. 312-397-9100 ext. 2399 VP, Investor Relations VP, Media Relations 212-888-0044 212-888-0044 DATASOURCE: The Experiential Agency, Inc. CONTACT: Company, Lara Shipp of XA, +1-312-397-9100 ext. 2399, ; Investor Relations, Truc N. Nguyen, VP, Investor Relations, , or Media Relations, Stan Froelich, VP, Media Relations, , both of Stern & Co., +1-212-888-0044 Web site: http://www.expagency.com/

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