Omni Ventures Acquires PRVCY and Privacy Wear Premium Denim Brands, Expands Into Apparel Brand Management
19 November 2010 - 3:00PM
Omni Ventures, Inc. (OTCQB:OMVE), is proud to announce that it has
acquired assets of Diamond Decisions, Inc. from Agile
Opportunity Fund, LLC. Diamond Decisions provided apparel brand
management, design, manufacturing and distribution services and
owned among other assets, the PrivacyWear and PRVCY Premium
brands.
PRVCY brands and the related other assets, machinery and
inventory were acquired in an asset purchase agreement with Agile
Opportunity Fund, LLC, which was one of the creditors of Diamond
Decisions and which obtained those assets in a sale by the Trustee
in the Chapter 11 Bankruptcy proceedings of Diamond
Decisions. The Purchase price for the assets were debt and
stock.
Founded in 2006, PRVCY Premium and Privacy Wear had a fabled
history as a purveyor of premium denim and casual apparel and was
known industry-wide for the quality of its products,
selling in major department stores and specialty boutiques
nationwide, and charitable donations to breast cancer awareness.
Under the new ownership and management anticipate a re-launch of
production and sales of the PRVCY brands and a respective public
relations and awareness campaign to commence immediately.
Dan Reardon, the CEO of Omni Ventures commented, "We believe
PRVCY to be a premier brand of premium denim poised to become
a leader of the market segment. As timing is everything
in business, we are fortunate to have been able to purchase the
assets of PRVCY and are excited about continuing its mission
of Cancer awareness with a fashion twist. We believe that the new
design and operations team coming on board will not only continue
to deliver the top quality of the product that PRVCY brands were
known for but also make our product offering more versatile and
appealing to many new customers."
About Omni Ventures
Omni Ventures, Inc. is a Kansas, USA, holding, brand development
and management corporation developing and/or offering products and
services in various consumer goods industries to the customers
world-wide. We are working on acquiring and growing versatile
well-established and upcoming brands of consumer goods as well as
developing significant online direct merchandizing venues and
traditional retail sales networks for our products. The common
denominator between those various businesses is a vertically
integrated and professionally managed core holding infrastructure,
which provides for well-coordinated brand development, targeted
investment and expansion strategy and execution. Our
management believes investment in these types of projects
appropriately addresses the market need regarding new economic
realties. For further information, please visit www.omve.net.
Legal Disclaimer
The statements contained in this press release contain certain
forward-looking statements, including statements regarding the
company's expectations, intentions, strategies and beliefs
regarding the future. All statements contained herein are based
upon information available to the company's management as of the
date hereof, and actual results may vary based upon future events,
both within and without the control of the company's
management.
CONTACT: Pivo Associates, Inc.
In New York
Richard Oravec
212.924.3548
info@pivoassoc.com
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