GlobeNewswire Inc | Jul 22, 2020 08:30AM EDT

July 22, 2020

NEW YORK, July 22, 2020 (GLOBE NEWSWIRE) -- 1847 Holdings LLC (OTC: EFSH), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, announced today that its subsidiary Asiens Appliance, Inc. has closed a secured $400 thousand revolving credit facility with Arvest Bank of Conway, AR. 1847 Holdings completed an acquisition of Asiens Appliance in May 2020 and this revolving line will provide capital to fund key growth initiatives.

Bob Patterson, CEO of Asiens Appliance comments, This credit facility provides Asiens Appliance with resources to move forward aggressively with key strategic initiatives.

I am very pleased with the execution by Bob and the team at Asiens, added Ellery W. Roberts, CEO of 1847 Holdings. With a strong foundation to build on, I am confident they will continue to deliver in the months and quarters ahead.

About Asiens Appliance, Inc.

Established 72 years ago and located in Santa Rosa, California, Asiens Appliance is highly respected throughout the North Bay area of California. Asiens Appliance offers a complete line of home and kitchen appliances to both residential and commercial customers from their showroom or online at asiensappliance.com.

About 1847 Holdings LLC

1847 Holdings LLC (OTC: EFSH) operates American companies it acquires at attractive valuations, leveraging its management teams extensive experience gained at leading investment firms, such as Colony Capital, Lazard Freres and Saunders, Karp & Megrue, to grow operations and create value. 1847 Holdings seeks to generate returns for shareholders in the future through consistent, annual distributions of operating subsidiary income and capital appreciation resulting from the timely sale of operating subsidiaries.

Forward-Looking Statements

This press release may contain information about 1847 Holdings view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our managements beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in Risk Factors included in our SEC filings.

Contact:

Ellery W. Roberts, Founder & CEO1847 Holdings LLCOffice: 212.417.9800info@1847holdings.com

Dave Gentry, CEO RedChip Companies Office: 1.800.RED.CHIP (733.2447) Cell: 407.491.4498 dave@redchip.com