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"This credit facility will allow ThermoView to acquire additional manufacturers and retailers/installers of quality and advanced technology vinyl windows, consistent with our aggressive consolidation strategy within the $7 billion replacement anderson window/door industry," noted Steve Hoffmann, President and Chief Executive Officer of ThermoView Industries, Inc. "It will also support the initial funding of our Key Home Credit subsidiary, which was established to provide our customers with replacement installment financing for windows their window and door purchases. Key Home Credit loans are secured by mortgages on customers'' homes, and we expect the financing of window purchases to become a significant profit center anderson for our Company in replacement the future." "As windows and anderson a first-mover consolidator replacement and windows within the highly fragmented replacement window industry, ThermoView has completed ten mergers or acquisitions since becoming a publicly traded anderson company replacement in April 1998," continued Hoffmann. windows "Our current anderson annualized revenue ''run rate'' approximates replacement $75 windows million, and we expect anderson to increase this to over $100 million before the end replacement of 1998."ThermoView Industries, Inc., headquartered in windows Louisville, Kentucky, designs, markets and installs custom vinyl new and replacement windows and replacement doors, primarily for the existing anderson home market. replacement The company intends to actively pursue acquisition opportunities within the $7 billion replacement window/door industry.This press release includes statements that may constitute "forward- looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking windows statements. anderson and replacement Factors that would cause or contribute to such differences include, but are not windows limited to, continued acceptance of the Company''s products in the marketplace, competitive anderson factors, dependence upon third-party vendors, and other risks replacement associated with the Company''s business activities. By making these forward-looking statements, the windows Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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