FAMSA was founded more than 40 years ago, in the city of Monterrey. Today is one of the leading companies in selling products and services on credit, with over 370 branches within Mexico.
In January 2001, we opened our first store to the American market in the city of San Fernando covering the Los Angeles area; we now have 21 stores in Southern California. In 2003, we opened our first store in Texas in the city of Dallas; we now have 24 stores throughout Texas. At the last quarter of 2005, we initiated operations in Northern California, by opening stores in Fresno and San Jose, during the same quarter; we initiated operations in our first store in Las Vegas, Nevada. During this year 2008 we opened 2 more stores to cover that area in Oakland and Stockton, a total of 4 stores in Northern California.
In May 2006, Famsa became a public company starting operations in the Mexican Stock Exchange market, gaining a great demand for its stocks by Mexican and foreign investors. In 2007, the Banco Ahorro Famsa began its operations with over 200 branch offices to provide our customers with more services, and create synergies that drive the operating and financial performance of Grupo Famsa. Likewise, we continue our growth in the state of Arizona where we currently have 2 stores, one in Phoenix, and one in Mesa. By the last quarter of 2008, we opened our newest stores in the city of Austin, TX; and ending the year with our second store in Chicago.
We currently have 53 stores in the U.S. and we continue with our commitment to offer our customers an excellent service, best brands, and best prices, in order to maintain their trust and preference.