RE/MAX Rings NYSE Opening Bell
Celebrates Recent IPO on Stock Exchange Floor
DENVER, Nov. 12, 2013
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.
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 14^th 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
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 visitwww.remax.com.
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.
Contact: Shaun White, Vice President, Public Relations, RE/MAX, LLC,
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