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Article: Business License Obtained for Cost-U-Less Store in Cayman Islands.
- Article from:
- Business Wire
- Article date:
- July 8, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BELLEVUE, Wash. -- Cost-U-Less, Inc. (the "Company") (Nasdaq:CULS) today announced that it has been granted approval from the Cayman Islands Trade and Business Licensing Board to operate a retail and wholesale business through a controlled subsidiary organized in the Cayman Islands. This is the first in a series of steps that must be taken before a store operating under the Cost-U-Less name could be opened in the Cayman Islands.
"We have been examining the Cayman Islands market for a number of years and are delighted to make this announcement," said J. Jeffrey Meder, the Company's President and CEO. "Obtaining this license has been a difficult and time consuming ...