7% compared to
the
same four-week period last year.
About PriceSmart
PriceSmart, headquartered in San Diego
, owns and operates U.
islands grouping
PRESS RELEASE PriceSmart Announces July Sales
This press release
may contain forward-looking statements concerning the
Company's anticipated future revenues and earnings
, adequacy of future cash
flow and related matters.
PriceSmart, Inc.
The Turk and Caicos
Islands refer to the grouping of these islands:
Ambergris Cays
East Caicos
Grand
Caicos
Grand Turk
North Caicos
Providenciales
Salt Cay
South Caicos
West Caicos
Capital City: Cockburn Town (Grand Turk)
dependent directories
For the forty-seven weeks
ended July
31, 2005, comparable warehouse sales for warehouse clubs open at least 12
full months
increased 11. Net sales exclude sales from
discontinued operations. Comparable
warehouse sales
for the comparable seventeen-week period of 2004 exclude
sales from discontinued operations.
territory
(four each in Panama and Costa Rica; two each in Dominican
Republic, El Salvador, Guatemala, Honduras
, and Trinidad; and one each in
Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands
).these grouping
(NASDAQ: PSMT) today
announced that for the month of July 2005, net sales increased 17.1% to $611
. For the seventeen weeks ended January
1, 2006, comparable warehouse sales, for warehouse clubs
open at least 12
full months, increased 17.
On August 12, 2005, PriceSmart completed the sale
of its interest in its
PriceSmart Philippines subsidiary.capital guides
1 million
from $545. PriceSmart now operates
26 warehouse clubs in 12
countries and one U.directories turk
S.
Discontinued operations refer to the operations
of the Company's PriceSmart
Philippines subsidiary.turk government
maps turk
PriceSmart, Inc.3 million in July a year
earlier.
For the four weeks ended January 1, 2006, comparable warehouse sales for
warehouse
clubs open at least 12 full months increased 13. We assume no obligation and expressly
disclaim any
duty to update any forward-looking statement to reflect events
or circumstances after the date of
this presentation or to reflect the
occurrence of unanticipated events.guides directories
3 million in December a year
earlier. For the four
months ended December 31, 2005, net sales increased 19.
PriceSmart now
operates 23 warehouse clubs in 11 countries and one U.cay cays
We
assume no obligation and expressly disclaim
any duty to update any
forward-looking statement to reflect events or circumstances after the date
of this presentation or to reflect the occurrence of unanticipated events.0 million
from $208
.turk territory
salt cockburn
0% to $248.caicos ambergris
5%.-style
membership shopping warehouse clubs in Central America, the Caribbean, and
the
Philippines, selling high-quality merchandise at low prices to
PriceSmart members.territory turks
These statements
are subject to
risks and uncertainties that could cause actual results to differ
materially, including
the following risks: the Company had a substantial
net loss in fiscal 2004, a net loss in the first
six months of 2005, and
may continue to incur losses in future periods; if the Company fails to
comply
with covenants governing its indebtedness, the lenders may elect to
accelerate the Company's indebtedness
and foreclosure on the collateral
pledged to secure the indebtedness; the Company's financial performance
is
dependent on international operations which exposes the Company to various
risks; any failure
by the Company to manage its widely dispersed operations
could adversely affect the Company's business;
although the Company has
taken and continues to take steps to improve significantly its internal
controls, there may be material weaknesses or significant deficiencies that
the Company has not
yet identified; the Company is currently defending
litigation relating to its financial restatement;
the Company faces
significant competition; the Company faces difficulties in the shipment of
and
inherent risks in the importation of merchandise to its warehouse
clubs; the success of the Company
's business requires effective assistance
from local business people and, as a result, existing disputes
with
minority interest shareholders or other disputes with local business people
upon whom the
Company depends could adversely affect the Company's
business; the Company is exposed to weather
and other risks associated with
international operations; declines in the economies of the countries
in
which the Company operates its warehouse clubs would harm its business; a
few of the Company
's stockholders have control over the Company's voting
stock, which will make it difficult to complete
some corporate transactions
without their support and may prevent a change in control; the loss of
key
personnel could harm the Company's business; the Company is subject to
volatility in foreign
currency exchange; the Company faces the risk of
exposure to product liability claims, a product
recall and adverse
publicity; a determination that the Company's long-lived or intangible
assets
have been impaired could adversely affect the Company's future
results of operations and financial
position; and the Company faces
increased costs and compliance risks associated with compliance with
Section 404 of the Sarbanes-Oxley Act of 2002; as well as the other risks
detailed in the Company
's SEC reports, including the Company's Form 10-Q
filed pursuant to the Securities Exchange Act of
1934 on July 15, 2005.S.transportation refer
views caicos
(NASDAQ: PSMT) today
announced that for the month of December 2005, net
sales increased 15.grouping turks
9% to
$81. There were 23 warehouse
clubs in operation at the end of December
2005 compared to 22 warehouse
clubs in operation in December 2004.territory providenciales
3 million in the same period last
year.5 million from $70.4 million in the same period last year.pricesmart. These forward-looking statements
include, but are
not limited to, statements containing the words "expect," "believe,"
"will,"
"may," "should," "project," "estimate," "scheduled," and like
expressions, and the negative thereof
.
transportation capital
On August 8,
2005, PriceSmart announced it had entered into an agreement to sell its
interest
in its PriceSmart Philippines subsidiary.PRESS RELEASE PriceSmart Announces December Sales
-style
membership shopping warehouse clubs in Central America and the Caribbean,
selling high quality
merchandise at low prices to PriceSmart members.com
This press release may contain forward
-looking statements concerning the
Company's anticipated future revenues and earnings, adequacy of
future cash
flow and related matters.capital town
S. Certain prior period amounts may have
been reclassified
to conform to the current period presentation.directories grand
For the eleven
months ended July 31, 2005, net sales
increased 12.
For the four weeks ended July 31, 2005, comparable warehouse sales for
warehouse
clubs open at least 12 full months increased 16. The Company sold its interest in PriceSmart
Philippines
on August 12, 2005.Turk and Caicos Islands, are a dependent territory of the United Kingdom.
maps territory
4% to
$59.1 million from $50.these grouping
These forward-looking statements include, but are
not limited to, statements
containing the words "expect," "believe,"
"will," "may," "should," "project," "estimate," "scheduled
," and like
expressions, and the negative thereof.
Certain prior period amounts may have been reclassified
to confirm to the
current period presentation.7% compared to
the same four-week period last year
.capital maps
S. territory (four each in Panama and the Philippines;
three in Costa Rica; two each in Dominican
Republic, El Salvador,
Guatemala, Honduras, and Trinidad; and one each in Aruba, Barbados,
Jamaica
, Nicaragua and the United States Virgin Islands).2% from the same period a year ago.
www. These statements are subject to
risks and
uncertainties that could cause actual results to differ
materially, including the following risks:
the Company had a substantial
net losses in fiscal 2003, 2004 and 2005, and may continue to incur
losses
in future periods; if the Company fails to comply with covenants governing
its indebtedness
, the lenders may elect to accelerate the Company's
indebtedness and foreclose on the collateral pledged
to secure the
indebtedness; the Company's financial performance is dependent on
international
operations which exposes the Company to various risks; any
failure by the Company to manage its widely
dispersed operations could
adversely affect the Company's business; although the Company has taken
and
continues to take steps to improve significantly its internal controls,
there may be material
weaknesses or significant deficiencies that the
Company has not yet identified; the Company faces
significant competition;
the Company faces difficulties in the shipment of and inherent risks in
the
importation of merchandise to its warehouse clubs; the Company is exposed
to weather and other
risks associated with international operations;
declines in the economies of the countries in which
the Company operates
its warehouse clubs would harm its business; a few of the Company's
stockholders
have control over the Company's voting stock, which will make
it difficult to complete some corporate
transactions without their support
and may prevent a change in control; the loss of key personnel
could harm
the Company's business; the Company is subject to volatility in foreign
currency exchange;
the Company faces the risk of exposure to product
liability claims, a product recall and adverse
publicity; a determination
that the Company's long-lived or intangible assets have been impaired
could
adversely affect the Company's future results of operations and financial
position; and
the Company faces increased costs and compliance risks
associated with compliance with Section 404
of the Sarbanes-Oxley Act of
2002; as well as the other risks detailed in the Company's SEC reports
,
including the Company's Form 10-K filed pursuant to the Securities Exchange
Act of 1934 on November
29, 2005.town ambergris
About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U
.turk caicos
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