Ethan Allen to Participate in the Department of State Worldwide Residential Furniture Program
(Thomson Reuters ONE) -
Ethan Allen Awarded Blanket Purchase Agreement
DANBURY, CT, August 3, 2016 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc.
("Ethan Allen" or the "Company") (NYSE:ETH) announced today that the Company has
been awarded a blanket purchase agreement ("BPA") for the Department of State
"Worldwide Residential Furniture Program". Ethan Allen, through its
subsidiaries, is a GSA contractor and under this program will have the
opportunity to provide home furnishings for the Department of State employees
and family residences located abroad.
Farooq Kathwari, Chairman and CEO commented, "We are pleased that Ethan Allen,
an iconic American brand, will help represent America in the homes of Department
of State employees and family residences around the world. Our strong focus on
North American manufacturing positions us well to serve this program."
The BPA is effective until July 28, 2021. The Worldwide Residential Furniture
Program is a multiple award schedule BPA with purchases by the Department of
State estimated to be a multimillion-dollar award, of which the Company expects
to be a participant.
About Ethan Allen
Ethan Allen Interiors Inc. (NYSE:ETH) is a leading interior design company and
manufacturer and retailer of quality home furnishings. The company offers
complimentary interior design service to its clients and sells a full range of
furniture products and decorative accessories through ethanallen.com and a
network of approximately 300 Design Centers in the United States and abroad.
Ethan Allen owns and operates nine manufacturing facilities including six
manufacturing plants and one sawmill in the United States plus one plant each in
Mexico and Honduras. Approximately seventy percent of its products are made in
its North American plants. For more information on Ethan Allen's products and
services, visit ethanallen.com.
Ethan Allen Interiors Inc.
Investor / Media Contact:
Corey Whitely
Executive Vice President, Administration
Chief Financial Officer and Treasurer
cwhitely(at)ethanalleninc.com
Forward-Looking Information
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), which
represent our management's beliefs and assumptions concerning future events
based on information currently available to us relating to our future results.
These forward-looking statements are subject to management decisions and various
assumptions about future events, and are not guarantees of future performance. A
number of risks and uncertainties could cause actual results to differ
materially from those anticipated in the forward-looking statements.
For a discussion of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking statements, see
our Annual Report on Form 10-K for the year ended June 30, 2015, and elsewhere
in this press release and our SEC filings.
Given the risks and uncertainties surrounding forward-looking statements, you
should not place undue reliance on these statements. Many of these factors are
beyond our ability to control or predict. Our forward-looking statements speak
only as of the date of this press release. Other than as required by law, we
undertake no obligation to update or revise forward-looking statements, whether
as a result of new information, future events, or otherwise.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ethan Allen Interiors Inc. via GlobeNewswire
[HUG#2032382]
Unternehmensinformation / Kurzprofil:
Datum: 03.08.2016 - 22:41 Uhr
Sprache: Deutsch
News-ID 487215
Anzahl Zeichen: 4450
contact information:
Town:
DANBURY
Kategorie:
Business News
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