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Central Network Retail Group
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Growing Retail Platforms in the Home Improvement Industry
Growing Retail Platforms in the Home Improvement Industry

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CNRG Adds New Stores in Mississippi and Louisiana!

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Town & Country Hardware Joins CNRG

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CNRG Acquires Elliott's Hardware

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CNRG Acquires NFL Building Center

Morrison Terrebonne Lumber Center Joins
Central Network Retail Group, LLC

November 1, 2011 – Natchez, Mississippi – Central Network Retail Group, LLC (CNRG) is proud to announce the addition of Houma, La. –based Morrison Terrebonne Lumber Center as a new partner in the company through the contribution of their operating assets. Doug Gregory, president of Morrison Terrebonne Lumber Center, has also been added to the board of directors at CNRG.

“Doug and his partners, David Vice, Greg Landry, and Keith Voisin have built a great company in Houma. They operate a dominant commercial/builder focused home center as well as a neighborhood True Value hardware store,” said Boyden Moore, president of CNRG. “They completely understood CNRG’s vision for operating multi-format, multi-branded locations since they have been doing it since 2003.” The Morrison Terrebonne Lumber Center store will continue to operate under that name. The St. Charles (La.) True Value store is being converted to a Home Hardware Center.

“The partnership with Doug and his team is exciting because it enhances our market share while at the same time adding expertise to the team at CNRG,” said Jimmy R. Smith, chairman of CNRG. “Doug, David, Greg and Keith will drive our growth along the Gulf Coast as well as help us improve how we approach the contractor and builder business. This is one more step in our goal at CNRG to grow profitably by partnering with solid retail operators and expanding into new areas and with new retail formats.”

“My partners and I are excited about this new venture as it will provide an excellent opportunity to grow our business while maintaining our identity in Terrebonne and Lafourche Parishes,” said Doug Gregory. “Both Boyden and Jim have many years of experience that will only help us continue to move forward.”

About Central Network Retail Group, LLC
CNRG currently operates 21 home center and hardware stores in Mississippi, Louisiana and Tennessee under the Home Hardware Center, and Morrison Terrebone Lumber Center brands. CNRG was formed on May 1, 2011 by Jimmy R. Smith, President of Home Hardware and Boyden Moore, President of Tyndale Advisors. The company is working to create a multi-format, multi-brand operating company through strategic partnerships and acquisitions.

Contact: Boyden Moore | (901) 205-9075 | boyden.moore@tyndaleadvisors.com

CNRG Adds New Store in Ripley, Tennessee

August 1, 2011 – Natchez, Mississippi – Central Network Retail Group (CNRG) LLC has announced the purchase of the 38,000-square-foot Cole’s Home Solutions store and drive-through lumberyard located in Ripley, Tenn.

“The Cole family has a great business with stores in Millington and Ripley. They are truly innovators in the home center industry. We are proud to have the opportunity to add the Ripley location to our portfolio of stores,” said Boyden Moore, president of CNRG. The store will continue to operate under the Cole’s Home Solutions name during a transition period, after which it will be renamed as a Home Hardware Center.

“This purchase opens up a new market area for us,” said Jimmy R. Smith, chairman of CNRG. “It is our goal at CNRG to grow the number of our retail holdings as we move forward. We are constantly exploring opportunities to partner with solid retail operators to expand into new areas and with new retail formats under the right circumstances and our purchase of the Cole’s facility in Ripley is testament to that.”


About Central Network Retail Group, LLC
CNRG currently operates 19 home center stores in Mississippi, Louisiana and Tennessee under the Home Hardware Center name. CNRG was formed on May 1, 2011 by Jimmy R. Smith, President of Home Hardware and Boyden Moore, President of Tyndale Advisors. The company is working to create a multi-format, multi-brand operating company through strategic partnerships and acquisitions.

Contact: Boyden Moore | (901) 205-9075 | boyden.moore@tyndaleadvisors.com

For Immediate Release: May 2, 2011
For more information, contact Boyden Moore at boyden.moore@tyndaleadvisors.com

Home Hardware Centers, Tyndale Advisors Form New Retail Operations and Management Company

NATCHEZ, MISSISSIPPI -- Jimmy R. Smith, president of Home Hardware Center, an 18-unit retail hardware chain based here, and Boyden Moore, president of Tyndale Advisors announced the formation of a new company, Central Network Retail Group (CNRG), LLC which will be jointly owned by the two companies. Smith will serve as CNRG’s chairman, and Moore will serve as president.

The new company will initially own and operate the Home Hardware Center chain, which has stores in Mississippi and Louisiana. This new management and operations structure will serve as a platform for retail growth moving forward, according to Smith. “We plan to grow the Home Hardware chain substantially in the near future within the current geographical area,” he said.

Moore added that the new company will not only help with growing the chain it will also help with the long-term transition prospects for other family-held businesses. “We established CNRG to provide an opportunity for an orderly transition of family ownership by independent hardware and home center owners who are currently facing the challenges of succession and generational transfer,” he said.

Both Smith and Moore stated that plans are in place for Home Hardware Centers to expand beyond Mississippi and Louisiana. According to Smith, “We have the financing in place to fund our current growth plans with Home Hardware Center, but we are also looking for opportunities to partner with good operators to grow multiple retail chains and store formats under the right circumstances.” Moore added, “We are working to build an exceptional technical and management infrastructure that we can leverage across our future partners’ businesses as well,” he said. “While CNRG is an acronym for Central Network Retail Group it is also a play on the word “synergy”, which is what we are working to create.”

More information on the new company can be found at cnrgretail.com.
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