SOURCE: TX Holdings, Inc.

March 09, 2015 08:00 ET

TX Holdings Secures Customer Supply Arrangements

ASHLAND, KY--(Marketwired - Mar 9, 2015) - TX Holdings, Inc. (OTCQB: TXHG), a supplier of mining and rail products to the U.S. coal mining industry, is pleased to announce that, since the start of fiscal 2015, management believes that, due to the high quality of its products, competitive pricing, and prompt delivery practices, the company has been increasingly recognized by the coal mining industry as an effective and quality supplier. Since the beginning of fiscal 2015, the company has secured a number of new accounts and two important customer supply arrangements. The company is now supplying over one hundred mines which represents approximately a 100% increase in its mine customer base when compared to fiscal 2014.

Mr. Shrewsbury, our CEO, stated: "We believe the increased recognition by the coal mining industry of our unwavering commitment to delivering quality products on time and meeting individual mine product standards should bode well for our financial performance in fiscal 2015 and could be reflected in both increased sales and earnings for the current fiscal year. We want to thank all of our shareholders for their continued support."

About TX Holdings

TX Holdings, Inc., a Georgia corporation, is a supplier of mining and rail products to the U.S. coal mining industry for use in their production and transportation processes. More information about the company and its products can be found on its web site at www.txholdings.com.

Forward-Looking and Cautionary Statements

Except for the historical information and discussions contained herein, statements in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including risk factors discussed in our 2014 Annual Report on Form 10-K and in our other filings with the SEC. Any forward-looking statement in this release speaks only as of the date on which it is made. We assume no obligation to update or revise any forward-looking statement. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1933, as amended, expressly state that the safe harbor for forward looking statements does not apply to companies that issue penny stocks. Because we may from time to time be considered to be an issuer of penny stock, the safe harbor for forward-looking statements under the PSLRA may not be apply to us at certain times.

Contact Information

  • Contact:

    William "Buck" Shrewsbury
    Chairman and CEO
    TX Holdings, Inc.
    (606) 928-1131