OMVE News
PRVCY Expands and Diversifies Customer Base
NEW YORK, Jun 18, 2012 (GlobeNewswire via COMTEX) -- Omni Ventures, Inc. (OTCQB:OMVE), announced today that it's wholly owned subsidiary PRVCY Couture, Inc. has continued to update the PRVCY Premium line with growing sales and shipping to new accounts. The Company has been developing creative ways to diversify its customer base including testing sales at new online merchandising venues. The company has also made significant steps to completing a national department store retail partnership. To diversify, the Company has identified acquisitions of an existing revenue-generating children's apparel collection as well as an off-price garments merchandizing line.
"We are very pleased with the steady demand for our PRVCY Premium line from our existing and new customers while our design team is working on revamping the look and feel of our brand with the view of the re-launch at the upcoming trade shows in Las Vegas in August. We are also maintaining our efforts to complete the deal on a major national retail partnership," stated Christian Wicks, President of Omni Ventures, Inc.
He added, "In particular, I am content with the latest increase in shipments of the new inventory to our current accounts including the most recent ones to "Boogies" in Aspen, and the "English Laundry" store in Las Vegas. Some stores have great feedback on the product and have started reordering. This is a very positive indication and shows that injecting our new styles into the market further supports the PRVCY legacy and brand awareness. We have also negotiated a deal with www.ideeli.com , which is famous for its 3-day flash sales to 'members only', which will clean up a good deal of our inventory. Our offering at ideeli.com may potentially reach 5 million of their members, generate new sales, and help educate new potential customers of the PRVCY brand. We believe it is fair to say, that the conceptual and developmental stage of the PRVCY brand re-launch is finally over. The next focus of our efforts related to PRVCY will be the steady expansion and growth of revenues. In order to expand our coverage in the near future, we are planning to identify and acquire revenue-generating established children's collections, which may be done separately of our PRVCY brand. We are also looking to put our efforts into another new line of business under Omni, which will not compete with PRVCY, specifically off-price apparel merchandizing to the leading discounters, which may favorably position our company in that recession-proof segment of the apparel industry."
About Omni Ventures
Omni Ventures, Inc. is the owner of PRVCY Couture, Inc., the casual couture apparel and accessories design, manufacturing and distribution company ( www.prvcycouture.com ) known for the "Made in Hollywood" PRVCY brands. The Company is in various stages of 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 .
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Current Report on Form 10Q/A filed on February 15, 2012, as well as the information contained in this release, when assessing the Company and its business. The Company undertakes no obligation to update any forward-looking statements.
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SOURCE: Omni Ventures, Inc.
By Staff
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