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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Code Green Apparel Corp (PK) | USOTC:CGAC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.00005 | -10.00% | 0.00045 | 0.0004 | 0.0005 | 0.0005 | 0.0004 | 0.0005 | 34,573,784 | 16:35:06 |
LAGUNA NIGUEL, Calif., Sept. 8, 2014 /PRNewswire/ -- J.D. Hutt Corporation ("JD Hutt" or the "Company") (Pink Markets: JABA), today announced that it has entered into a contract in the sustainable apparel industry.
In May 2014, the Company announced that it had hired a new CEO, George Powell, and that its business was changing to the sustainable apparel industry. In less than three months, the Company has signed a new agreement and the apparel is already in production. The items will be delivered to the customer in early September 2014.
"We're excited to have signed our first contract for JD Hutt," commented George Powell. "It is with a large company and is a private-label product which will carry their brand name and logo. The customer has indicated that they have plans to move forward with a more substantial sustainable product offering in the near term. The speed with which we have signed this contract indicates the willingness of customers to engage in this new business model of sustainable apparel. Our ability to produce a wide range of sustainable and quality products is an asset to the Company's new direction. Our customer base will expand and allow us to reach critical mass in production and revenues as we introduce sustainable products into a wide array of companies."
The Company will be changing its name to Green Star Apparel to reflect the new line of business. The formal change will occur once all filings and approvals are completed.
About J.D. Hutt Corporation
JD Hutt's new business focus is to enter the sustainable apparel industry in order reduce the carbon footprint and make a systemic change in how apparel is made shipped and sold. It will embrace the change and become the ecopreneurs of the industry.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. JD Hutt undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this communication except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. All forward-looking statements are qualified in their entirety by this cautionary statement.
SOURCE J.D. Hutt Corporation
Copyright 2014 PR Newswire
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