PriceSmart , Inc. (NASDAQ: PSMT) today announced that on December 22, 2009 it acquired approximately 30,000 sq. meters of land in Northwest Santo Domingo, the Dominican Republic, upon which the Company plans to construct and operate a new PriceSmart Warehouse Club. This Club will be PriceSmart’s third in the Dominican Republic. It is currently anticipated that the new PriceSmart Club will open in the fall of 2010.
About PriceSmart
PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Central America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members. PriceSmart now operates 26 warehouse clubs in 11 countries and one U.S. territory (five in Costa Rica; four in Panama; three each in Guatemala and Trinidad, two each in Dominican Republic, El Salvador and Honduras; and one each in Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands).
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. 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. These [...] Continue Reading…