Silver Syndicate Mining Corp. Completes Acquisition of Palisades Furnishings and Changes Name to The 99 Dollar Stores, Inc.
Tuesday August 16, 10:36 pm ET
PALM DESERT, CA--(MARKET WIRE)--Aug 16, 2005 -- Silver Syndicate Mining Corp. (Other OTC:SDMC.PK - News) announced today that it has completed the acquisition of privately held Palisades Furnishings, Inc., a Nevada Corporation, which is a concept leader in the retail furniture industry and is currently doing business in Palm Desert, California.
The company's trading symbol shall be changed to the new symbol "NNDL" (OTC BB:NNDL.OB - News), effective August 17, 2005. Christopher Kurstin has been appointed as acting President and CEO of The 99 Dollar Stores, Inc., and Matthew Kurstin has been appointed as the company's Secretary. Both gentlemen have been elected to the company's board of directors.
The 99 Dollar Stores, Inc. prides itself on having one of the furniture industry's freshest new marketing concepts, selling quality furniture for $99 or less. Accordingly, the company has plans to leverage this concept and expand its operations throughout the United States over the next three years in order to better serve its customers.
Christopher Kurstin stated, "We are very excited to be able to have this opportunity to change the furniture industry for the better. We have an aggressive expansion campaign that has the potential to take us nationwide and make us a household name by 2008." Mr. Kurstin also goes on to state, "We are dedicated to bringing you, our clients, the best possible customer service, as well as the best prices!"
The 99 Dollar Stores, Inc. is currently in lease negotiations for additional operations in two new locations in Las Vegas, Nevada, and Dallas, Texas. These new locations will supplement the company's 12,000- square-foot warehouse showroom facility in the Monterey Shore Plaza/Costco shopping center in Palm Desert, California, where the grand opening was held on January 2, 2005.
About The 99 Dollar Stores, Inc.
The 99 Dollar Stores, Inc. sells low-price home furnishings, including furniture and accessories for living areas, bathrooms, and kitchens through its company-owned retail stores.
High quality at a low price is the company's focus, and it aims to fulfill its vision of making every day a better day for its customers. The 99 Dollar Stores plans to continue making this vision a reality by bringing its wide range of well-designed and functional home furnishings products to customers throughout the nation at prices so low that virtually everyone can afford them. This means saving the company's customers the added expense of paying traditional retail price markups of up to 500% over manufacturing costs.
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
The 99 Dollar Stores, Inc.