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March 19, 2009 - Rectangle Corporation, which
operates the Connecticut
franchise of 1-800-Mattress,
said today that as an
independent franchise group, its
operations were completely
unaffected by the U.S.
Bankruptcy Court filings
involving it’s franchisor and
that it is operating as
“business as usual.”
“We are a completely separate
company with a healthy balance
sheet, a warehouse full of
inventory, and our own
reputation for superior quality,
service and value to our
customers,” said President
Stephen Perry. “Our business is
unaffected by the action against
the franchisor in New York. We
are not involved in any way and
it is business as usual for us
and for our customers, who will
see no impact whatsoever from
this news.”
Perry said his company has
separate contracts with Sealy,
Serta, Simmons, KingKoil/Comfort
Solutions and TempurPedic, is
current with all payments, and
operates its own fleet of trucks
for delivery, its own warehouse
in Windsor and retail showrooms
in Stamford and Fairfield. The
company will continue to fulfill
orders placed through
www.mattress.com.
“There is no impact whatsoever
on our operations or our ability
to purchase product, make sales
and deliver to our customers.
Other than using the
1-800-Mattress name, we are a
separate and independent
company,” he added.
Perry, a veteran of the mattress
industry, purchased the
Connecticut franchise last year
and has been steadily growing
marketshare in the region.
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