New York, NY, December 17--Jordan Kane Floors announced that it has acquired RJ Flooring Systems. RJ Flooring is a full-service supplier and installer of commercial flooring in the New York and New Jersey area.
The company said the acquisition will have a major positive impact on Jordan Kane's operations in a number of areas including:
Providing a warehouse facility within one hour of New York, New Jersey and Connecticut, the company's three most important market segments.
A location in a Hub Zone, which qualifies the company to receive city and state tax incentives of up to $4,500 for every employee who resides within the specified Empowerment Zone. Currently 75% of Jordan Kane's workforce live within the qualified areas.
Reduce operating costs by an estimated $350,000 in 2005 and an estimated $500,000 in 2006.
"This acquisition is a significant step towards our goal to dominate our market," says chairman & CEO Frank Urban. "We are showing our customers, shareholders, lenders, and investors that we are totally committed to significantly increasing our revenues and profits in 2005."
