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TRIB members voted to approve a
merger with AVB Brandsource. This according to a memo from Bob
Lawrence, Executive Director of AVB. The actual vote count, for
and against, is unknown.
According to the memo, TRIB and AVB/Brand Source announced a
formation of a strategic alliance. This
partnership, pending AVB, Inc. board approval, begins
immediately and the first major roll-out will be at
the TRIB Group Show, May 17-20, 2006 in Cincinnati.
The merger's effect on existing TRIB Vendors is also unknown.
Under the terms of the agreement, TRIB will continue to operate
autonomously and continue to manage
its RTO members. In addition, TRIB will manage the AVB/Brand
Source rental division and TRIB will
become a division of AVB, Inc., similar to Home Entertainment
Source, Sleep Source, MARTA and the
Flooring Source. TRIB will continue to be headquartered in
Atlanta, Georgia and under the leadership of
Dennis Shields, their Executive Director.
From the Brand Source
perspective it expands AVB/Brand Source core programs such as
Expert Warehouse, Expert Finance,
and Expert Care. It also completes a distribution link for AVB/Brand
Source “Whole Home” solution by
now adding a rent-to-own component.
Bob Lawrence, Executive Director of AVB/Brand Source commented, “We
also look forward to giving 100% support to TRIB’s RTO efforts.
For a long time we have felt it is
important to partner with the industries largest RTO group, so
together we can improve the industry as a
whole.”
Dennis Shields, Executive Director of TRIB stated, “It is an
exciting time for TRIB. It gives us additional
ammunition for us to grow the TRIB membership and added
opportunities to make existing members
more profitable.” Jeff Tracy, President of AVB/Brand Source
further stated, “The more independent
business people combine together to create opportunities, the
better it is for everyone. This is truly an
exciting time, and we look forward to working with all of the
TRIB members.”
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