Sub Urban Brands (CE) (USOTC:SUUB)
Historical Stock Chart
From Jun 2019 to Jun 2024
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.