PRVCY Couture, Inc. Announces Distribution and Production Affiliation in Mexico, Eyes Latin American Territories
14 November 2011 - 2:30PM
Omni Ventures, Inc. (OTCQB:OMVE.PK) announced today that its wholly
owned subsidiary PRVCY Couture, Inc. has entered into the
agreements to distribute the PRVCY-branded apparel and accessories
in Mexico thus further expanding its network of international
distributors and potential licensees. The deal with the Mexican
distributor also includes certain production rights for the
anticipated future diffusion brands owned or to be developed by the
company.
"Learning from the experience of the major US denim companies,
we believe that creating a network of international distributors
early on will be key to our Int'l development and success. With the
help of our newest distributor, we are particularly interested in
reaching out to the millions of affluent consumers in Mexico who
desire our 'casual couture born in Hollywood' marketing
concept.
The Mexican distribution model will also be the steppingstone to
the premium denim markets of the massively booming markets of
Brazil and Argentina. Our research shows that these markets are
ripe for the arrival of a new leader in high-end USA-made denim.
Research has also shown that higher price points and margins are
achievable in these markets due to the simple fact that they're not
as saturated and ultra competitive as our domestic market. Due to
the capital markets being more stable in these arenas, terms of
payment and cash flow are more appealing than at home," stated
Christian Wicks, President of Omni's Apparel and Accessories
division.
Wicks added, "Even though our current runs for PRVCY Premium
brand are exclusively produced in the USA, we believe that it may
be very lucrative to use certain reliable Mexico-based
manufacturers. Our distribution partners will ensure that when our
additional lines under our Privacywear brand are developed, the
infrastructure will be in place. Costs are not the only
objective for our future diffusion lines in Mexico, we are looking
at a higher level of quality control and reliability when compared
to their Asian competition."
About Omni Ventures
Omni Ventures, Inc. is a versatile holding company operating in
premium consumer brands development, merchandising and consumer
services. The Company is working to position itself as a strategic
management holding company for several subsidiaries including the
ones to be established or acquired. Currently, the Company wholly
owns PRVCY Couture, Inc., the casual couture apparel and
accessories design, manufacturing and distribution company
(www.prvcypremium.com). Management is developing several related
projects in the fields of consumer goods design, manufacturing and
distribution as well as consumer services. For more info, 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: Investor Relations
Pivo Associates
212.924.3548
info@pivoassoc.com
Omni Ventures (CE) (USOTC:OMVE)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Omni Ventures (CE) (USOTC:OMVE)
Historical Stock Chart
Von Dez 2023 bis Dez 2024