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The Commerce Department recently reported that the economy grew in the first quarter at the fastest pace in more than two years.

Color Tile L.L.C. and Alliance Flooring, doing business as CarpetsPlus, recently signed a letter of intent for the transfer of Color Tile’s intellectual property, including the Color Tile trademark, and licenses for its members to CarpetsPlus.

Witex USA Inc. will become the exclusive manufacturer of the Laura Ashley brand of laminate, wood and ceramic flooring retail products in North America.

Sales of new, single-family homes fell 3.1% in March to a seasonally adjusted annual rate of 878,000, according to a recent Commerce Department report.

Pervasive Software Inc. has announced initial results of a joint marketing campaign targeted at the customer base of Resource & Financial Management Systems Inc. (RFMS).

Armstrong Holdings Inc. recently elected Ruth M. Owades to its board of directors.

The Composite Index of Leading Economic Indicators in the United States rose 0.1% in March, after no change in February. Analysts had forecast a 0.3% gain.

Laminate products manufacturer Pergo AB reported a first quarter 2002 operating profit of 7 million Swedish Kronor (U.S. $700,000) compared to a loss of 54 million Kronor (U.S. $5.4 millon) in the year-earlier period.

New home construction declined 8% in March to an annual rate of 1.65 million, according to the Commerce Department.

Industrial production experienced its biggest gain in March since May 2000, the Federal Reserve recently reported.