Sub Urban Brands (CE) (USOTC:SUUB)
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From Jul 2019 to Jul 2024
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 The Apparel Agent, one of the fastest
growing manufacturers of base garments and a leading competitor of
American Apparel. The Company expects that the milestone acquisition
will provide it with a core revenue stream, raise product margins and
provide a solid foundation for its flagship multi-brand portfolio.
Based in Los Angeles, The Apparel Agent operates a 39,000 square foot
warehouse facility with production, marketing, sales and customer
service capabilities. The company employs an experienced executive team
in addition to subcontracting nearly 70 contracted sewers and other
laborers. They also leverage international manufacturing arrangements in
Guatemala, China, El Salvador and India to handle import pricing for
mass quantities.
The Apparel Agent manufactures and then wholesales its high quality base
garments to designers, retailers and corporate clients who then
embellish, re-brand and sell the garments under their own labels. “Best
of all, there will always be a market for base garments which greatly
mitigates the risks typically associated with the fashion industry’s
cyclical nature,” adds Joseph Shortal, Chief
Executive Officer of Sub-Urban Brands.
“With the acquisition of The Apparel Agent,
Sub-Urban is entering a very exciting new phase that we believe will
allow us to purchase garments at a greatly reduced price, which raises
our margins and maintain an even greater percentage of our profits in
house,” said Mr. Shortal. “Sub-Urban
can now be considered to have an economy of scale with integrated
full-scale manufacturing, design, marketing and sales capabilities all
under one roof.”
Consummation of the The Apparel Agent acquisition is subject to
negotiation and execution of a definitive agreement and satisfactory
completion of due diligence investigations.
About Sub-Urban Brands
Through its various brands Sub-Urban targets the fashion industry's
coveted youth marketplace, a consumer demographic with more than $200
billion in spending power. Within the next 18 months, Sub-Urban intends
to expand its brand offerings through global distribution networks in
Japan, Canada, Australia and 25 other European markets.
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), 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 The Apparel Agent, one of the fastest growing manufacturers of
base garments and a leading competitor of American Apparel. The
Company expects that the milestone acquisition will provide it with a
core revenue stream, raise product margins and provide a solid
foundation for its flagship multi-brand portfolio.
Based in Los Angeles, The Apparel Agent operates a 39,000 square
foot warehouse facility with production, marketing, sales and customer
service capabilities. The company employs an experienced executive
team in addition to subcontracting nearly 70 contracted sewers and
other laborers. They also leverage international manufacturing
arrangements in Guatemala, China, El Salvador and India to handle
import pricing for mass quantities.
The Apparel Agent manufactures and then wholesales its high
quality base garments to designers, retailers and corporate clients
who then embellish, re-brand and sell the garments under their own
labels. "Best of all, there will always be a market for base garments
which greatly mitigates the risks typically associated with the
fashion industry's cyclical nature," adds Joseph Shortal, Chief
Executive Officer of Sub-Urban Brands.
"With the acquisition of The Apparel Agent, Sub-Urban is entering
a very exciting new phase that we believe will allow us to purchase
garments at a greatly reduced price, which raises our margins and
maintain an even greater percentage of our profits in house," said Mr.
Shortal. "Sub-Urban can now be considered to have an economy of scale
with integrated full-scale manufacturing, design, marketing and sales
capabilities all under one roof."
Consummation of the The Apparel Agent acquisition is subject to
negotiation and execution of a definitive agreement and satisfactory
completion of due diligence investigations.
About Sub-Urban Brands
Through its various brands Sub-Urban targets the fashion
industry's coveted youth marketplace, a consumer demographic with more
than $200 billion in spending power. Within the next 18 months,
Sub-Urban intends to expand its brand offerings through global
distribution networks in Japan, Canada, Australia and 25 other
European markets.
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), 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.