The Keller Manufacturing Company, Inc. ("Keller" or "KMFI.PK") (Pink Sheets:KMFI) announced today that David T. Richardson, its President and Chief Executive Officer and sole remaining employee, will leave the Company effective January 29, 2006 to pursue other opportunities. Keller will continue to be managed by its board of directors. Keller has no plans at this time to operate a business separate from its recently acquired 85% ownership interest in Paragon Door Designs, Inc. ("Paragon"). David N. Burks is the President and CEO of Paragon reporting to the Keller board of directors. In January of 2006 Keller announced the acquisition of approximately 85% of the stock of Paragon. Founded in 1993, Paragon offers custom steel and fiberglass residential entry doors and storm doors with a variety of glass styles and finishes. Paragon sells through a network of window and door dealers, remodelers, and home improvement companies in 20 states. Paragon has 27 employees and has been profitable for many years with $3.9 million of sales in 2005. Paragon Founder, President, and Chief Executive Officer David N. Burks, an industry veteran with over 25 years of experience owns the balance of the equity not acquired by Keller. For more information about Paragon please visit www.paragondoor.com. For more information about Keller please visit www.kellerfurniture.com. The news release contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements may include statements regarding the intent, belief or current expectations of the Company or its officers with respect to (i) the Company's strategic plans, (ii) the policies of the Company regarding capital expenditures, dividends, financing and other matters, and (iii) industry trends affecting the Company's financial condition or results of operations. Readers of this news release are cautioned that reliance on any forward-looking statement involves risks and uncertainties. Although the Company believes that the assumptions on which the forward-looking statements contained herein are based are reasonable, any of those assumptions could prove to be inaccurate given the inherent uncertainties as to the occurrence or nonoccurrence of future events. There can be no assurance that the forward looking statements contained in this news release will prove to be accurate. The inclusion of a forward-looking statement herein should not be regarded as a representation by the Company that the Company's objectives will be achieved.
Keller Manufacturing (PK) (USOTC:KMFI)
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