Load, Inc. - Page 3

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               Hereinafter, we generally use the acronym ADI                          
          indiscriminately to refer to petitioners, to ADI, and to the ADI-           
          related corporations.                                                       

                                  FINDINGS OF FACT                                    
               Some of the facts have been stipulated and are so found.               
               At the time the petitions were filed, both petitioners’                
          principal places of business were located in Reno, Nevada.                  
               ADI and its related corporations buy and sell manufactured             
          homes in the same manner.                                                   
               Manufactured homes are constructed at a factory location and           
          are then transported directly to homesites of retail purchasers.            
               ADI has been selling manufactured homes for more than 30               
          years, and ADI has become the largest seller of manufactured                
          homes in Arizona and one of the largest sellers of manufactured             
          homes in the Southwestern United States.  In recent years, ADI              
          has expanded its sales of manufactured homes to 192 locations in            
          22 states.                                                                  
               From the 1970s through the late 1990s, ADI purchased                   
          completed manufactured homes from unrelated manufacturers and               
          sold the manufactured homes directly to retail customers using              
          individual salespersons who worked for ADI as employees.                    
               In the late 1990s, however, as a result of a significant               
          decline in business and excessive costs such as employee wages              
          and commissions, a number of manufacturers of manufactured homes            





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Last modified: May 25, 2011