SUFFER Signs Multi Million Dollar Trademark Licensing LOI in UK Along With Roadshow Seminar/Product Tour
27 April 2011 - 3:57PM
Marketwired
SUFFER (PINKSHEETS: SUFF) today announced
that the company has signed a Letter of Intent with a UK based
Distributor and is planning a roadshow promotion tour.
Joseph Lewis, President of Suffer, stated, "MMA fans in the UK
have been ordering their products online via our website for quite
some time. With this expansion of our distribution network we look
forward to SUFFER being placed in retail storefronts throughout the
UK. We have also been working with a promo company, NJM Promotions,
to line up dates for Frank Mir to host Suffer Training Seminars and
Product Tour."
Terms of the LOI call for Suffer to allow the UK based
Manufacturer and Distributor the use of trademark rights related to
Apparel and Fight Gear. Suffer would design the Apparel in the
United States, but the actual manufacturing and distribution would
take place in the UK. The company distributes various merchandise
and product lines in approximately 500 European stores. Suffer
retains a percentage of the Gross Sales Revenue, and would provide
access to athletes such as Frank Mir, Robert Drysdale, and Fernando
Vargas for promotional events.
Suffer also plans to edit its video commercials to be able to
air Television ads in the UK.
Suffer Director Frank Mir stated, "Suffer as also been working
with the promotional company, NJM Promotions, to line up dates in
late July for Suffer Training Seminars and a Roadshow Product Tour.
I will be hosting the Seminars and look forward to going over to
the UK."
Suffer's Projected Annual Revenues from the UK Company
Use of Trademark associated with apparel (T-Shirts, Hoodies,
Hats, etc)
$10,000,000 in projected Sales $1,500,000 Suffer's Retained Percentage
Use of Trademark associated with approved Fight Gear
$2,000,000 in projected Sales $200,000 Suffer's Retained Percentage
Safe Harbor Statement: This release
includes forward-looking statements intended to qualify for the
safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as SUFFER (SUFF) or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
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