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Article: 172 stores targeted. (West Coast Entertainment Inc. planning to buy home video stores)
- Article from:
- Video Business
- Article date:
- January 26, 1996
- Author:
CopyrightCOPYRIGHT 1996 Reed Business Information, Inc. (US). 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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West Coast lays out expansion plans
West Coast Entertainment Corp. is planning to buy 172 stores using the proceeds of its initial public offering (IPO), which it said could generate as much as $99.4 million.
As a result, the Philadelphia-based company, which represents the combination of West Coast and Giant Video Corp., would have 200 corporate and 312 franchised locations.
Last July, Giant Video completed its acquisition of franchise chain West Coast Video and installed Ralph Standley III as chairman and Kyle Standley (his son) as president and CEO.
Earlier this month, West Coast filed a registration statement with the Securities and Exchange ...