Sub-Urban Executes Letter of Intent to Acquire Premium Denim Brand Reo Starr LLC
September 29 2006 - 3:05PM
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 the execution of a non-binding letter of intent to
acquire premium fashion denim company Reo Starr, ranked by leading
fashion industry sources as one of the top trendsetting brands in
the global youth-oriented apparel industry. With more than 45
retail accounts in Los Angeles, Reo Starr products have already
been sold out several times in the city�s most prestigious boutique
fashion retailers, including Fred Segal in Santa Monica and Lisa
Kline in Beverly Hills. Additionally, Reo Starr is exclusively
selling in Tokyo�s Isetan Department Store, considered the premier
department store in Japan. Reo Starr will strengthen Sub-Urban�s
multi-brand strategy targeting national and influential boutique
retailers, while preserving brand equity and developing new revenue
streams. �We�re immensely excited to have reached this letter of
intent and to launch the next phase of our brand diversification
into the premium denim market, the fashion industry�s hottest
segment,� said Joseph Shortal, Chief Executive Officer of Sub-Urban
Brands. �The market for premium-denim has more than doubled in the
past few years, as has been demonstrated by the success of such
fashion companies as True Religion Brand Jeans and 7 for All
Mankind.� �The success of Reo Starr worldwide is a result of the
high quality of their fit, fabric, trims and washes,� said Mr.
Shortal. �We believe Sub-Urban can generate significantly increased
media and consumer awareness through our own industry-leading
marketing and public relations operations, which have already
turned our other signature brands, such as WHITEBOY� and Mash
Culture Lab�, into fashion industry and pop culture icons.�
Consummation of the Reo Starr acquisition is subject to negotiation
and execution of a definitive agreement and satisfactory completion
of due diligence investigations. 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 the
execution of a non-binding letter of intent to acquire premium
fashion denim company Reo Starr, ranked by leading fashion industry
sources as one of the top trendsetting brands in the global
youth-oriented apparel industry. With more than 45 retail accounts
in Los Angeles, Reo Starr products have already been sold out
several times in the city's most prestigious boutique fashion
retailers, including Fred Segal in Santa Monica and Lisa Kline in
Beverly Hills. Additionally, Reo Starr is exclusively selling in
Tokyo's Isetan Department Store, considered the premier department
store in Japan. Reo Starr will strengthen Sub-Urban's multi-brand
strategy targeting national and influential boutique retailers,
while preserving brand equity and developing new revenue streams.
"We're immensely excited to have reached this letter of intent and
to launch the next phase of our brand diversification into the
premium denim market, the fashion industry's hottest segment," said
Joseph Shortal, Chief Executive Officer of Sub-Urban Brands. "The
market for premium-denim has more than doubled in the past few
years, as has been demonstrated by the success of such fashion
companies as True Religion Brand Jeans and 7 for All Mankind." "The
success of Reo Starr worldwide is a result of the high quality of
their fit, fabric, trims and washes," said Mr. Shortal. "We believe
Sub-Urban can generate significantly increased media and consumer
awareness through our own industry-leading marketing and public
relations operations, which have already turned our other signature
brands, such as WHITEBOY(R) and Mash Culture Lab(TM), into fashion
industry and pop culture icons." Consummation of the Reo Starr
acquisition is subject to negotiation and execution of a definitive
agreement and satisfactory completion of due diligence
investigations. 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.
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