Pre-ordering Five Tesla Semis, City Furniture is First Furniture Retailer in U.S. To Announce itÔÇÖs Adding the All-Electric Trucks to its Fleet

National Green Fleet Award Winner Expects Futuristic Trucks Will
Cut Emissions, Noise and Costs While Enhancing Safety

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–City
Furniture, one of the nationÔÇÖs top-selling furniture brands, became
the first furniture retailer in the U.S. to announce the pre-order of
five all-electric Tesla Semi trucks, marking the next step in the
companyÔÇÖs innovative ÔÇ£greenÔÇØ approach to all facets of its business.

ÔÇ£We expect all-electric trucks to change the playing field in the years
ahead,ÔÇØ said City Furniture Chief Operating Officer Andrew Koenig.
ÔÇ£Based on the ROI weÔÇÖve already seen by converting most of our delivery
fleet to alternative fuel vehicles, we anticipate the Tesla Semis will
bring major savings in energy costs and maintenance, while taking
performance and reliability to a level that hasnÔÇÖt yet existed.ÔÇØ

Ranked on Furniture Today magazineÔÇÖs list of Top 100 U.S. Furniture
Companies, City Furniture is underway with a $100 million expansion in
South and Central Florida, to include a distribution center and showroom
just west of Orlando in Ocoee, plus stores in Altamonte Springs and in
OrlandoÔÇÖs Mall at Millennia area.

With production slated to begin in 2019, the Tesla SemiÔÇÖs specs call for
0-60 mph acceleration in five seconds, compared to 15 seconds in a
comparable diesel truck. With full 80,000-pound load, 0-60 mph is
projected at 20 seconds. Running smoothly and quietly, with no need for
shifting or clutching, the Semis ordered by City Furniture will have
range up to 500 miles on one charge, plus a host of enhanced safety
features.

The furniture company expects to use the Tesla Semis to transport
merchandise from City FurnitureÔÇÖs main distribution center in Tamarac to
the planned Central Florida distribution facility. Since 2014, the
company has converted 80 percent of its approximately 100 smaller
delivery vehicles to bi-fuel trucks that run primarily on compressed
natural gas (CNG). Traveling nearly 5 million miles yearly on deliveries
throughout its 29-store Southeast, Southwest and Central Florida
showroom network, the company has reduced its emissions by about 47
percent by converting to CNG fuel.

City Furniture has already recouped its $4.5 million investment in CNG
bi-fuel trucks and at its on-site CNG station at its Tamarac
headquarters, Koenig added. City FurnitureÔÇÖs leadership on the issue has
earned the company a national Top 50 Green Fleets Award each of the last
three years ÔÇô one of only two private fleets to make the 2017 list,
which included the State of California and the New York City Police
Department.

City Furniture is widely known as a green innovator in every aspect of
its business, from constructing LEED certified showrooms, to
manufacturing upholstered products with soy-based cushions, and
recycling millions of pounds of cardboard and 500,000 pounds of
Styrofoam annually. The company has 17 City Furniture stores in its
network, and as the Ashley HomeStore licensee in southeast and southwest
Florida, it owns and operates 12 Ashley HomeStore locations. For
information visit www.cityfurniture.com.

Download photos at: https://www.dropbox.com/sh/yertc84rrvp1g8o/AABGpIaSCLByVbQsLOB-FG7Ja?dl=0

Contacts

Smith & Knibbs
Linda Lewis, 954-428-4477
[email protected]