Market Overview

Select Interior Concepts Announces Review of Strategic, Operational and Financial Alternatives to Enhance Shareholder Value


Select Interior Concepts, Inc. (NASDAQ:SIC), a premier installer and
nationwide distributor of interior building products, today announced
that its Board of Directors, together with management and in
consultation with financial and legal advisors, has initiated a
comprehensive review of strategic, operational and financial
alternatives to enhance shareholder value. These potential alternatives
could include, among other things, additional initiatives to the
Company's operating plan, structural alternatives for the Company's
assets, and potential merger, acquisition or sale transactions.

J. David Smith, Chairman of the Board, commented, "Our Board remains
confident in the management team that is executing on the Company's
strategic priorities for operational and financial performance to
deliver profitable growth. We have made and continue to make meaningful
progress toward our long-term strategic goals, including growing
earnings and expanding our national footprint. At the same time, the
Board is committed to ensuring that the Company is on the best path to
continued success and is actively evaluating a full range of strategic,
operational and financial alternatives to enhance value for our
shareholders. The Board believes that pursuing these complementary paths
is in the best interests of our shareholders as we continue to deliver
on our commitment to enhancing shareholder value."

The Board has formed a transaction committee, consisting of J. David
Smith, Robert Scott Vansant, and Brett Wyard, all independent directors,
to lead the Company's review of strategic, operational and financial
alternatives. There can be no assurance that this review will result in
a strategic change or any transaction being announced or agreed upon.
The Company has not set a timetable for the conclusion of its review of
strategic alternatives, and it does not intend to comment further unless
and until the Board has approved a specific course of action or the
Company has otherwise determined that further disclosure is appropriate
or required by law.

The Board of Directors has engaged RBC Capital Markets LLC as its
financial advisor and Alston & Bird LLP as its legal counsel to assist
in the review process.

About Select Interior Concepts

Select Interior Concepts is a premier installer and nationwide
distributor of interior building products with leading market positions
in highly attractive markets. The Residential Design Services segment
provides integrated design, sourcing and installation solutions to
customers, in the selection of a broad array of interior products and
finishes, including flooring, cabinets, countertops, window treatments,
and related interior items. The Architectural Surfaces Group segment
distributes natural and engineered stone through a national network of
distribution centers and showrooms under proprietary brand names such as
AG&M, Modul and Pental. For more information, visit:

Forward-Looking Statements

This press release may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and, as
such, may involve known and unknown risks, uncertainties and
assumptions. Forward-looking statements may be identified by the use of
words such as "anticipate," "believe," "estimate," "intend," "could,"
"should," "would," "may," "seek," "plan," "might," "will," "expect,"
"predict," "project," "forecast," "potential," "continue," and other
forms of these words or similar words or expressions or the negatives
thereof. Forward-looking statements are based on historical information
available at the time the statements are made and are based on
management's reasonable belief or expectations with respect to future
events. Forward-looking statements are subject to risks, uncertainties,
and other factors, including, but not limited to, those factors
contained in our Annual Report on Form 10-K for fiscal year 2018 that
may cause the Company's actual results, level of activity, performance
or achievement to be materially different from the results or plans
expressed or implied by such forward-looking statements. All
forward-looking statements in this press release are qualified by the
factors, risks and uncertainties contained in our Annual Report.
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 speak only as of the date on which
they are made and the Company undertakes no obligation to update any
forward-looking statement to reflect future events, developments or
otherwise, except as may be required by applicable law.

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at