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LAZYDAYS ENTERS NEVADA WITH ACQUISITION OF FINDLAY RV

TAMPA, FL, Feb. 16, 2023 /PRNewswire/ — Lazydays (NasdaqCM: LAZY) today announced its first acquisition of 2023 with the purchase of a Findlay van in Las Vegas, Nevada. The store is strategically located on the border with 4 of the 15 largest states in the RV market and complements our existing operations in Arizona.

Along with the acquisition, we acquired the Tiffin brand for the Las Vegas market, which will be added to the existing line of Coachmen, Winnebago, Forest River and others.

The store is expected to generate approximately $40 million in annual revenue at steady state and represents our nineteenth place.

About LazydaysAs an iconic brand in the RV industry, Lazydays, The RV Authority consistently delivers the best sales, service and motorhome ownership experience, making RV owners and their families customers of a lifetime. Lazydays continues to rapidly add offices as it pursues its geographic expansion strategy, which includes both acquisitions and the creation of new fields.

Since 1976, Lazydays has built a reputation for outstanding customer service with exceptional customer service and an unrivaled product experience, and for being the preferred place to relax and rejuvenate with other RVers. Offering the largest selection of RV brands from the nation’s top manufacturers, state-of-the-art service centers, and thousands of accessories and hard-to-find parts, Lazydays provides everything RV enthusiasts need and want.

Lazydays is a public company listed on the Nasdaq under the ticker “LAZY”.

Forward looking statementsThis press release includes “forward-looking statements” within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about our objectives, plans, forecasts and recommendations regarding our financial position, results of operations, market position, expected and potential future acquisitions and business strategy and often contain words such as “project”, “outlook”, “ expect, foresee, intend, plan, believe, evaluate, may, aspire, will, should, probably, aim, strategy , “future”, “support”, “continue”, “stay”, “goal”. ” or “will be” and similar forward-looking references. Examples of forward-looking statements in this press release include, but are not limited to, statements regarding:

  • Our ability to improve store performance;
  • Expected opportunities to acquire and add dealerships to our portfolio in the future, as well as our ability to increase profits and achieve a return on investment;
  • Expected income from acquired and open outlets; And
  • Expected availability of liquidity from our credit facility and unfunded operating real estate.

By their nature, forward-looking statements involve risks and uncertainties because they involve events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future results, and our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate, may differ materially from those made or suggested by the forward-looking statements in this press release. . Risks and uncertainties that could cause actual results to differ materially from those estimated or forecasted results include, but are not limited to, future economic and financial conditions (both nationally and locally), changes in consumer demand, our relationship with the company; and financial and operational stability. , vehicle manufacturers and other suppliers, the risks associated with our debt (including available creditworthiness, compliance with financial obligations and the ability to refinance or repay debt on favorable terms), natural disasters or other events that may adversely affect our operations and financial performance, government regulations, legislation and other documents set out in “Part II, paragraph 7. Management’s discussion and analysis of the financial position and results of operations” and in “Part I, paragraph 1A. Risk Factors” of our latest Annual Report on Form 10-K, and from time to time in our other SEC filings. We urge you to carefully consider this information and not to place undue reliance on forward-looking statements. We undertake no obligation to update our forward-looking statements, including our earnings projections, as of the date of this release.

Contact:Angela Johnson+1 (813) 204-4099

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This post first appeared on Hinterland Gazette | Black News, Politics & Breaking News, please read the originial post: here

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LAZYDAYS ENTERS NEVADA WITH ACQUISITION OF FINDLAY RV

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