James River Holdings Corp (PN) (USOTC:JRIV)
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5 Years : From Jun 2014 to Jun 2019
James River Holdings Corporation (OTCQB: JRIV), a diversified holding company focused on acquiring high growth SMBs and building them into respected market leaders, today announced that the Rapid Response division of its wholly-owned subsidiary PaveCare, Inc. was named the "#1 Preferred Repair Vendor" by a major U.S. discount retailer who contracted with PaveCare to provide emergency rapid repairs on parking surface issues at 34 store locations in Missouri and Oklahoma.
As asphalt pavement ages and is subjected to vehicle wear, weather, root damage, water run-off and other typical assaults, parking lots deteriorate and, on occasion, may suffer sudden problems such as sunken concrete or asphalt heaves -- otherwise known as potholes. If a retailer fails to immediately address these potential safety hazards and someone is harmed, civil litigation may ensue and insurance costs may skyrocket. In response, PaveCare has developed a proprietary, progressive service offering, branded "The Asphalt Audit," which provides for the Company's skilled Rapid Response team to routinely inspect and assess a client's public parking areas to identify existing or potential problems requiring immediate repair or intervention.
"The Asphalt Audit offers our clients the opportunity to greatly extend the longevity of their parking surfaces while diminishing risk of safety hazards and improving the overall appearance of their commercial property," stated PaveCare General Manager Gerald Vigneaux. "It is through client-centric programs such as this that is fast earning PaveCare distinction as a world class commercial paving contractor that can be counted on for top quality workmanship and superior customer service and attention."
About PaveCare, Inc.
Established in November 2012, PaveCare provides pavement maintenance and restoration for commercial, industrial and residential customers primarily located in the Central U.S. region. Its services include asphalt milling and installation, asphalt auditing, sealcoating, concrete paving, gutters and curbs and sunken concrete lifting. PaveCare is a wholly-owned subsidiary of James River Holdings Corporation (OTCQB: JRIV) and is based in Springfield, Missouri.
About James River Holdings Corporation
Headquartered in Springfield, Missouri, James River Holdings Corporation is a diversified holding company engaged in acquiring controlling interests in established companies operating high growth, entrepreneurial businesses in mature markets. Current portfolio companies include Springfield Property Management, which owns and manages 217 residential rental properties in Missouri and provides turnkey property management solutions to other commercial and residential property owners; and PaveCare, a company specializing in commercial pavement repair and parking lot maintenance services mainly to big-box retailers. For more information, please visit www.jrholdings.com.
Safe Harbor Statement
This press release may contain forward-looking statements, including information about management's view of James River Holdings Corporation's (the "Company") future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company's future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by James River Holdings Corporation.
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