iParty Corp. (NYSE Amex: IPT) today announced plans to open two new
retail party stores in the Greater Boston Area.
The first store will anchor an exciting new center in Waltham,
Massachusetts, the Main Street Marketplace. The second store will open
in the Westgate Market Place in Plaistow, New Hampshire, and will serve
the Haverhill, Massachusetts market.
Sal Perisano, iParty’s Chairman and Chief Executive Officer, stated, “We
are extremely pleased to add these two locations to our family of
full-line party stores in the Greater Boston area. Although we already
have a very strong presence in Boston, our customers in the Waltham and
Haverhill markets were, until now, not directly served by iParty stores
in their own regions. The opening of these stores will make it much
easier for them to enjoy iParty’s category-dominant assortment of party
merchandise.”
Mr. Perisano continued, “We plan to open both the Plaistow and Waltham
stores in time for the 2012 Halloween season. The opening of these
stores will bring to 54 the total of iParty’s full-line party stores. We
are also actively pursuing other new store opening opportunities for
2013, consistent with our strategy of expanding all channels of party
and Halloween retailing, including temporary Halloween stores, direct
on-line sales through our iParty.com web site, and further expansion of
our full-line brick and mortar store presence.”
About iParty Corp.
Headquartered in Dedham, Massachusetts, iParty Corp. is a party goods
retailer that operates iParty retail stores in New England and Florida
and an internet site (www.iparty.com)
for costume and party goods and party planning. iParty’s aim is to make
throwing a successful event both stress-free and fun. With an extensive
assortment of party supplies and costumes in our stores and available at
our online store, iParty offers consumers a sophisticated, yet fun and
easy-to-use, resource to help them customize any party, including
birthday bashes, Easter get-togethers, graduation parties, summer
barbecues and, of course, Halloween. In addition to the extensive
assortment of costume and other merchandise available through iParty’s
internet site, our web site focuses on increasing customer visits to our
retail stores by highlighting the ever changing store product assortment
for all occasions and seasons and featuring monthly coupons, store and
online promotions and ideas and themes, offering consumers an easy and
fun approach to any party. iParty aims to offer reliable, time-tested
knowledge of party-perfect trends, and superior customer service to
ensure convenient and comprehensive merchandise selections for every
occasion. Please visit our site at www.iparty.com.
Safe harbor statement under the Private Securities Litigation Reform
Act of 1995
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 as
contained in Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. You can identify these
statements by the fact that they use words such as “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “project,” “plan,” “outlook,”
and other words and terms of similar meaning. These statements involve a
number of risks and uncertainties that could cause actual results to
differ materially from the potential results discussed in the
forward-looking statements. Among the factors that could cause actual
results and outcomes to differ materially from those contained in such
forward-looking statements are the following: changes in consumer
confidence and consumer spending patterns, particularly those impacting
the New England region and Florida, which may result from, among other
factors, rising or sustained high levels of unemployment, access to
consumer credit, mortgage foreclosures, credit market turmoil, declines
in the stock market, general feelings and expectations about the overall
economy, and unseasonable weather; disruptions to our most important
selling season, Halloween; the successful implementation of our growth
and marketing strategies; our ability to access our existing credit line
or to obtain additional financing, if required, on acceptable terms and
conditions; rising commodity prices, especially oil and gas prices;
effect of Chinese inflation on our suppliers and product pricing; our
relationships with our third party suppliers; the failure of our
inventory management system and our point of sale system; competition
from other party supply stores and stores that merchandise and market
party supplies, including big discount retailers, dollar store chains,
and temporary Halloween merchandisers; risks related to e-commerce; the
availability of retail store space on reasonable lease terms; and
compliance with evolving federal securities, accounting, and stock
exchange rules and regulations applicable to publicly-traded companies
listed on the NYSE Amex. For a more detailed discussion of risks and
uncertainties which could cause actual results to differ from those
contained in the forward-looking statements, see Item 1A, “Risk Factors”
of iParty’s most recently filed Annual Report on Form 10-K for the
fiscal year ended December 31, 2011 and our other periodic reports filed
with the SEC. iParty is providing this information as of this date, and
does not undertake to update the information included in this press
release, whether as a result of new information, future events or
otherwise.