Kinnelon, NJ, July 15, 2014 (GLOBE NEWSWIRE) -- Global Fashion Group, Inc (OTC: PPBL) is pleased to announce that it has signed a Letter of Intent with Pure System International Limited joining forces to produce and market internationally branded PuraVida performance enhanced sustainable textile fiber. The Joint Venture will leverage Pure System's patented process to produce high quality textile fiber by the utilization of collected Smart Streams from fabric mills and cut and sew facilities globally that are normally discarded during the apparel production.
The Joint Venture's strategy calls for leveraging eco friendly and nanotechnology enhanced rejuvenated fiber to improve innovative products across multiple market categories, including apparel. Avani Activewear ( www.avaniclothing.com ) plans to introduce both Women's and Men's high performance active apparel product with high performance sustainable fabrics at retail for the Spring 2015. The strategy also calls for multiple production facilities though out the world in order to effectively and efficiently serve the market.
Tom Witthuhn, Global's CEO, stated "We at Global Fashion Technologies Group are thrilled to be joining forces with Joy Nunn and Paul Serbiak from Pure System International to bring this game changing technology to market. Pure System's revolutionary process delivers on the promise of creating superior performance fabrics while dramatically reducing environmental strain. The natural synergy with Avani Activewear ( www.avaniclothing.com ) makes this union a great fit for us. That said I believe the biggest winner will be the eco conscious consumer looking for superior active apparel."
Pure System's Senior Executive, Joy Nunn comments " I am excited to enter the world of apparel and performance nonwovens with Tom and his team at Global. This new sustainable technology is centered on revolutionary performance fibers and fabrics. "Our Joint Venture with Avani will create valuable jobs globally, rescue scrap formerly earmarked for landfills and give it renewed purpose, as well as advance healing for our planet."
Paul Serbiak, Senior Executive of PURE stated, "Avani Activewear made with PuraVida cotton fiber evokes your senses while allowing you to perform your best: bringing the familiar comfort of cotton together with high performance wicking and odor control. I call it high-tech nostalgia. Because fibers made with our patented process are rejuvenated, you can do something good for the planet while you enjoy the performance and comfort of a garment made with PuraVida cotton fibers."
Chris H Giordano Global's Co-Chairman commented "The partnership with Pure System International is an example of how Global's management is striving to make its mark by being extremely innovative in marrying leading edge technology with apparel to create a fabric and products with resounding qualities and true points of distinction.
It is our anticipation that both the technology and the products that spawn from this joint venture will set Global apart from other companies and create shareholder value beyond what we could have ever expected from just the sale of apparel. The next step has been taken and we have begun site visitations for perspective production facilities."
The parties anticipate rapid completion of the joint venture process and expect to be fully operational within the first quarter of 2015.
Chris Giordano 973-291-8900 Thomas Witthuhn 323-277-9090 Joy Nunn 212-228-3070 ext. 101 Paul Serbiak 212-228-3070 ext. 100
