Omni Ventures Secures $1.5M Financing Commitment for Development of PRVCY Brand
May 30 2012 - 9:29AM
Omni Ventures, Inc. (OTCQB:OMVE), announced today that it has
secured the financing commitment in the amount of $1,500,000 from
one of its shareholders slated for the development and launch of
the PRVCY Casual Couture collection of apparel and accessories
anticipated later this year. This financing commitment may provide
the Company with the better opportunity to timely complete the
creation and fabrication of samples of numerous new sku's, which
are currently in the works with the Company's design team as well
as launch sales of the new collection at the leading industry trade
shows in August of 2012 and scale these sales up to the anticipated
demand.
"We are very happy with this timely financing commitment,"
stated Christian Wicks, President of Omni Ventures, Inc. He
continued, "We are particularly pleased to inform our investors and
shareholders that this financing is not based on any form of
conversion into any stock, options, warrants or any other
securities, which means that it will not affect the number of
issued shares and will not cause any dilution to the current and
future shareholders, nor as we believe it would create any other
reason, which may adversely affect our stock price. We are
determined to use the funds, which we anticipate to become
available to us under this financing to invest in the development
of our new product line, engage more marketing support as well as
look into augmenting our management team with the new key
personnel. We will also look into using the proceeds of this
financing for building more versatile inventory to scale up the
sales generated by our e-commerce and social media activities."
About Omni Ventures
Omni Ventures, Inc. is the owner of PRVCY Couture, Inc., the
casual couture apparel and accessories design, manufacturing and
distribution company (www.prvcycouture.com) known for the "Made in
Hollywood" PRVCY brands. The Company is in various stages of
developing several related projects in the fields of consumer goods
design, manufacturing and distribution as well as consumer
services. For more info, please visit www.omve.net.
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, such as statements relating to financial results and plans
for future development activities, and are thus prospective.
Forward-looking statements include all statements that are not
statements of historical fact regarding intent, belief or current
expectations of the Company, its directors or its officers.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control. Actual results may differ materially from those projected
in the forward-looking statements. Among the factors that could
cause actual results to differ materially from those indicated in
the forward-looking statements are risks and uncertainties
associated with the Company's business and finances in general,
including the ability to continue and manage its growth,
competition, global economic conditions and other factors discussed
in detail in the Company's periodic filings with the Security and
Exchange Commission. You should carefully review the information
disclosed within the section entitled "Risk Factors" contained in
the Company's Current Report on Form 10Q/A filed on February 15,
2012, as well as the information contained in this release, when
assessing the Company and its business. The Company undertakes no
obligation to update any forward-looking statements.
CONTACT: Investor Relations:
investor.relations@omve.net
913-693-8073
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