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PGT Custom Windows + Doors Breaks Ground for Child Care Center

April 24, 2017

N. Venice, FL – PGT® Custom Windows + Doors, a subsidiary of PGT Innovations, (NYSE: PGTI), commenced construction of an onsite child care facility during an official groundbreaking ceremony held on Friday, April 21. To be operated by the Sky Family YMCA, the PGT Child Care Center will offer affordable, convenient child care services to PGT families with young children, as well as other parents who work in the Triple Diamond Commerce Park in North Venice, FL.

The 8,000-plus-square-foot facility will cost approximately $1.8 million, including the land purchase, and is slated for completion and opening in the first quarter of 2018. The architect on the project is Hall Architects. Willis A. Smith Construction is the general contractor.

The child care center will have the capacity to accommodate approximately 100 children aged six weeks to five years old. In keeping with child care programs operated by the YMCA, the PGT Child Care Center will be fully licensed and accredited, and staffed by professionals trained by the YMCA. The center will offer curriculum-based programs, healthy meals and an outdoor playground. To accommodate parents working various shifts, it will be open six days a week from 4:30 a.m. to 7:30 p.m., with flexible pick-up and drop-off policies.

“The cost of child care as a percent of living expenses has gone up not only locally, but nationwide—therefore, we are excited to offer our team members affordable, onsite child care. We believe the convenience and affordability will set PGT apart as an employer of choice,” said Debbie LaPinska, Vice President of Human Resources. “We hope our program and facility will become a model for employers throughout our region.”

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ABOUT PGT INNOVATIONS
PGT Innovations, headquartered in North Venice, Florida, creates value through deep customer relationships, understanding the unstated needs of an industry, a drive to create the strongest, safest products on the market, and a commitment to always moving forward. The Company’s trusted brands include CGI®, PGT® Custom Windows + Doors, and WinDoor®. PGT Innovations is the nation’s largest manufacturer of impact-resistant windows and doors, holds the leadership position in its primary market, and is part of the S&P SmallCap 400 Index. For additional information, visit www.pgtinnovations.com.

MEDIA RELATIONS CONTACT:
PGT Innovations
Danielle Mikesell
Vice President, Marketing & Innovation
Office: 941-480-1600
DMikesell@PGTInnovations.com

INVESTOR RELATIONS CONTACT:
PGT Innovations
Brad West
Chief Financial Officer
Office: 941-480-1600
BWest@PGTInnovations.com

FORWARD-LOOKING STATEMENTS

This press release may contain statements that constitute “forward-looking statements” as defined under federal securities laws of the United States. Generally, words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which are not historical in nature. These forward looking statements relate to, among other things: (i) the impact that our name change will have on the Company’s profile, brand and performance; (ii) the impact the listing of our common stock on the NYSE will have on the Company’s profile, brand, and performance; and (iii) the outcome of these and other changes the Company is making to expand its growth opportunities and increase shareholder value. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. These risks include, but are not limited to:

  • Changes in new home starts and home remodeling trends
  • The economy in the United States generally and in Florida, in particular, where the substantial portion of our sales are generated
  • Raw material prices, especially aluminum and vinyl
  • Transportation costs
  • Our level of indebtedness
  • Our dependence on our impact-resistant product lines
  • Our ability to successfully integrate acquisitions, such as our acquisitions of CGI® Windows & Doors Holdings, Inc. and WinDoor®, Inc.
  • Product liability and warranty claims
  • Federal and state regulations,
  • Our dependence on our manufacturing facilities; and
  • Other risks discussed in our Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended January 2, 2016 and our subsequently filed quarterly reports on Form 10-Q, which are available from the SEC.

You should not place undue reliance on forward looking statements, which speak only as of the date they are made. The Company does not undertake any obligation to update any forward-looking statement to reflect the impact of subsequent events or circumstances.

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