DENVER, Nov. 12, 2013 /PRNewswire/ -- Executives
with RE/MAX Holdings, Inc., one of the world's leading franchisors
of real estate brokerage services, celebrated the company's recent
initial public offering (IPO) this morning with a visit to the New
York Stock Exchange (NYSE) floor.
(Photo:
http://photos.prnewswire.com/prnh/20131112/LA15598)
(Logo:
http://photos.prnewswire.com/prnh/20130930/LA87949LOGO)
RE/MAX Chairman and Co-Founder Dave Liniger, Vice Chair and
Co-Founder Gail Liniger and Chief Executive Officer Margaret Kelly
rang the opening bell, surrounded by a group of RE/MAX officers and
board members.
The company's stock began trading on the New York Stock Exchange
(NYSE) on Oct. 2 under the ticker
symbol "RMAX." The bell ringing is one of the most momentous events
in the history of the 40-year-old Denver-based company.
"When we founded RE/MAX in 1973, Gail and I could never have
imagined that we'd have the opportunity to ring the opening
bell," said Dave Liniger, RE/MAX
Chairman and Co-Founder. "This is truly an exhilarating
milestone. Not only for us, but for each and every member of
the RE/MAX Network around the world."
This has been a year of continued success for RE/MAX. In
2013, for the fifth consecutive year, RE/MAX ranked as the leading
real estate franchise organization in the Franchise Times
Top 200. The survey is based on annual worldwide sales. RE/MAX
placed 14th among all franchises, gaining two places
over its standing in 2012.
RE/MAX was also named one of the Top 50 Franchises for
Minorities by the National Minority Franchising Initiative
through the World Franchising Network- the only real estate company
to make the Top 50.
In the first half of the year, RE/MAX added 299 franchises
worldwide, with 112 new franchises in the U.S. Through the end of
June, franchise sales were up 4% from the same period in 2012.
For more information about RE/MAX, LLC, please visit
www.remax.com or www.joinremax.com.
About the RE/MAX Network:
RE/MAX was founded in 1973
by Dave and Gail Liniger, with an
innovative, entrepreneurial culture affording its agents and
franchisees the flexibility to operate their businesses with great
independence. Over 90,000 agents provide RE/MAX a global reach of
more than 90 countries. Nobody sells more real estate than
RE/MAX.
RE/MAX, LLC, one of the world's leading franchisors of real
estate brokerage services, is a subsidiary of RE/MAX Holdings, Inc.
(NYSE:RMAX).
With a passion for the communities in which its agents live and
work, RE/MAX is proud to have raised more than $130 million for Children's Miracle Network
Hospitals®, Susan G.
Komen® and other charities.
For more information about RE/MAX, to search home listings or
find an agent in your community, please
visit www.remax.com.
Disclaimer:
This press release includes "forward looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "intend", "expect", "estimate", "plan",
"outlook", and "project" and other similar words and expressions
that predict or indicate future events or trends or that are not
statements of historical matters. These forward looking statements
include any statements regarding the Company's strategic and
operational plans. Forward looking statements should not be read as
a guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by, which
such performance or results will be achieved. Forward looking
statements are based on information available at the time those
statements are made and/or management's good faith belief as of
that time with respect to future events, and are subject to risks
and uncertainties that could cause actual performance or results to
differ materially from those expressed in or suggested by the
forward looking statements. Such risks include, without limitation,
those described in the sections "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operation in the Company's registration statement on Form S-1 filed
with the Securities and Exchange Commission ("SEC") and (1) changes
in business and economic activity in general, (2) changes in the
real estate market, including changes due to interest rates and
availability of financing, (3) our ability to attract and retain
quality franchisees, (4) our franchisees' ability to recruit and
retain agents, (5) changes in laws and regulations that may affect
our business or the real estate market, (6) failure to maintain,
protect and enhance the RE/MAX brand. Readers are cautioned not to
place undue reliance on forward-looking statements, which speak
only as of the date on which they are made. Except as required by
law, the Company does not intend, and undertakes no duty, to update
this information to reflect future events or circumstances.
Investors are referred to the Company's registration statement on
Form S-1 and subsequent reports filed with the SEC.
SOURCE RE/MAX Holdings, Inc.