Sub-Urban Brands Announces Strategic Initiative to Enter Premium Denim Marketplace; Company Cites Latest Proposal to Acquire a D
06 Octobre 2006 - 12:30PM
Business Wire
Sub-Urban Brands, Inc. (OTCBB:SUUB), a multi-brand apparel company
pursuing high-margin revenue growth in the global fashion industry,
has announced a new strategic initiative to drive growth from the
premium denim market, the fastest growing category in the apparel
industry for the past four years. �Sub-Urban is committed to
driving shareholder growth through the acquisition of promising
brands that address major opportunities in the fashion marketplace,
premium denim is one of the most important segments in fashion
today,� said Joseph Shortal, Sub-Urban�s Chief Executive Officer.
Sub-Urban recently announced the execution of a non-binding letter
of intent to acquire premium fashion denim company Reo Starr. �The
premium denim industry has seen extraordinary growth over the past
four years and that growth is projected to continue,� said Mr.
Shortal. �As jeans have become an increasingly acceptable component
of business and evening wear, a wardrobe staple suitable for any
occasion, the appetite for premium jeans has grown exponentially.�
The worldwide denim market has been valued at approximately $55
billion, with the U.S. market comprising $14.2 billion, according
to ImagesFashion.com. These revenues have been validated by
nationwide retailers such as Macy�s and Nordstrom�s, among other
retailers, which are dedicating significant floor space to jeans
that cost $150 and up. Major department stores have cited premium
denim as the fastest growing categories, according to Bloomberg.
Statistics of the denim marketplace include: A recent survey from
the Monitor shows that 28 percent of women will buy dark blue denim
as their next purchase, up from 17 percent in 1997 According to a
recent survey 72% of women say they �enjoy wearing denim, according
to Cotton Inc. Reflecting a positive trend towards denim�s
ubiquitous popularity, imports of denim jeans expanded 15.8% to a
record $4.6 billion, according to Cotton Incorporated�s Supply
Chain Insights. �More and more consumers purchase premium denim to
design their personal style," said Mr. Shortal. "As you add
dimensions to blue jeans, you add ways in which people can further
distinguish themselves.� �At the end of the day, Sub-Urban will
enter the premium denim market sooner rather then later with proven
product that reflects the integrity and a style that connects with
today�s growing denim consumer,� said Mr. Shortal. About Sub-Urban
Brands Sub-Urban Brands, Inc. is a multi-brand company which
designs and markets cutting-edge lifestyle apparel that targets the
rapidly-growing multibillion-dollar youth consumer marketplace. The
Company pursues robust revenue-generating opportunities within
multi-tiered retail markets that leverage multiple brands and
market segments to create financial success. Sub-Urban is committed
to further expansion and increased shareholder value through both
the internal development of intellectual property and acquisition
of additional brands, as well as to the establishment of new
international marketing alliances that will reinforce its recurring
and non-recurring revenue streams. Inspired by the energy and vigor
of youth, urban and music culture, Sub-Urban is initially focused
on creating a family of non-competing brands for its key target
consumer, an estimated 40 million 15-29 year olds. Sub-Urban's
current portfolio of trademarked apparel and accessory brands
includes WHITEBOY� for Men, WHITEBOY� Girl, Mash Culture Lab(TM),
BLACK JESUS� streetwear apparel and PYT(TM) styles for younger
girls. Consistent with the company's high growth strategies, the
Company will be actively marketing these brand offerings to Japan,
Canada, Australia and 25 European countries. For additional
information, please visit www.whiteboy.com, www.whiteboygirl.com,
www.mashculturelab.com, and www.getcocky.com. For more investor
oriented information about Sub-Urban, visit
http://www.trilogy-capital.com/tcp/sub-urban/. For current stock
price quotes and news, visit
http://www.trilogy-capital.com/tcp/sub-urban/quote.html. To view an
Investor Fact Sheet, visit
http://www.trilogy-capital.com/tcp/sub-urban/factsheet.html.
Forward-Looking Statements This press release includes statements
that may constitute forward-looking statements, usually containing
the words "believe," "estimate," "project," "expect," or similar
expressions. These statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
continued acceptance of the Company's products and services in the
marketplace, competitive factors, dependence upon third-party
vendors, availability of capital and other risks detailed in the
Company's periodic report filings with the Securities and Exchange
Commission. By making these forward-looking statements, the Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release. Sub-Urban Brands, Inc.
(OTCBB:SUUB), a multi-brand apparel company pursuing high-margin
revenue growth in the global fashion industry, has announced a new
strategic initiative to drive growth from the premium denim market,
the fastest growing category in the apparel industry for the past
four years. "Sub-Urban is committed to driving shareholder growth
through the acquisition of promising brands that address major
opportunities in the fashion marketplace, premium denim is one of
the most important segments in fashion today," said Joseph Shortal,
Sub-Urban's Chief Executive Officer. Sub-Urban recently announced
the execution of a non-binding letter of intent to acquire premium
fashion denim company Reo Starr. "The premium denim industry has
seen extraordinary growth over the past four years and that growth
is projected to continue," said Mr. Shortal. "As jeans have become
an increasingly acceptable component of business and evening wear,
a wardrobe staple suitable for any occasion, the appetite for
premium jeans has grown exponentially." The worldwide denim market
has been valued at approximately $55 billion, with the U.S. market
comprising $14.2 billion, according to ImagesFashion.com. These
revenues have been validated by nationwide retailers such as Macy's
and Nordstrom's, among other retailers, which are dedicating
significant floor space to jeans that cost $150 and up. Major
department stores have cited premium denim as the fastest growing
categories, according to Bloomberg. Statistics of the denim
marketplace include: -- A recent survey from the Monitor shows that
28 percent of women will buy dark blue denim as their next
purchase, up from 17 percent in 1997 -- According to a recent
survey 72% of women say they "enjoy wearing denim, according to
Cotton Inc. -- Reflecting a positive trend towards denim's
ubiquitous popularity, imports of denim jeans expanded 15.8% to a
record $4.6 billion, according to Cotton Incorporated's Supply
Chain Insights. "More and more consumers purchase premium denim to
design their personal style," said Mr. Shortal. "As you add
dimensions to blue jeans, you add ways in which people can further
distinguish themselves." "At the end of the day, Sub-Urban will
enter the premium denim market sooner rather then later with proven
product that reflects the integrity and a style that connects with
today's growing denim consumer," said Mr. Shortal. About Sub-Urban
Brands Sub-Urban Brands, Inc. is a multi-brand company which
designs and markets cutting-edge lifestyle apparel that targets the
rapidly-growing multibillion-dollar youth consumer marketplace. The
Company pursues robust revenue-generating opportunities within
multi-tiered retail markets that leverage multiple brands and
market segments to create financial success. Sub-Urban is committed
to further expansion and increased shareholder value through both
the internal development of intellectual property and acquisition
of additional brands, as well as to the establishment of new
international marketing alliances that will reinforce its recurring
and non-recurring revenue streams. Inspired by the energy and vigor
of youth, urban and music culture, Sub-Urban is initially focused
on creating a family of non-competing brands for its key target
consumer, an estimated 40 million 15-29 year olds. Sub-Urban's
current portfolio of trademarked apparel and accessory brands
includes WHITEBOY(R) for Men, WHITEBOY(R) Girl, Mash Culture
Lab(TM), BLACK JESUS(R) streetwear apparel and PYT(TM) styles for
younger girls. Consistent with the company's high growth
strategies, the Company will be actively marketing these brand
offerings to Japan, Canada, Australia and 25 European countries.
For additional information, please visit www.whiteboy.com,
www.whiteboygirl.com, www.mashculturelab.com, and www.getcocky.com.
For more investor oriented information about Sub-Urban, visit
http://www.trilogy-capital.com/tcp/sub-urban/. For current stock
price quotes and news, visit
http://www.trilogy-capital.com/tcp/sub-urban/quote.html. To view an
Investor Fact Sheet, visit
http://www.trilogy-capital.com/tcp/sub-urban/factsheet.html.
Forward-Looking Statements This press release includes statements
that may constitute forward-looking statements, usually containing
the words "believe," "estimate," "project," "expect," or similar
expressions. These statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
continued acceptance of the Company's products and services in the
marketplace, competitive factors, dependence upon third-party
vendors, availability of capital and other risks detailed in the
Company's periodic report filings with the Securities and Exchange
Commission. By making these forward-looking statements, the Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release.
Sub Urban Brands (CE) (USOTC:SUUB)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Sub Urban Brands (CE) (USOTC:SUUB)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024