News Out !!!! >> $ PPBL
Premiere Opportunities Group, Inc Apparel Division Receives Order For New Winter Sweater Fashion Line GlobeNewswire
Totowa, NJ , Sept. 16, 2013 (GLOBE NEWSWIRE) -- Premiere Opportunities Group, Inc ("OTCQB: PPBL")
www.premiereopportunites.com thru its Joint Venture with Cabe Studio
www.cabestudio.com
Our goal is establish six to ten joint ventures over the next twelve months with "Western Brand" clothing design manufacturers that do not have the necessary relationships to establish their brand and line in Southeast Asia and Mainland China. Our distribution partners willgive each joint ventire the chance of establishing a solidfootprint in the region. Most importantly is the in the case of the success of each joint venture it is our anticipation that each line would generate several million a year in revenue with net margins of at least ten percentpre tax which is substantial for a small public company such as ours.
With our approach to the joint venture model we have in place, we eradicate most of the risk that goes along with establishing a line of clothing for the first time. Our approach is distinctsince we initially takesamples of the US based designer's clothing
and send them to thepeople who have tremendous insightand influence withinthe "buying group" for the department stores in Seoul , Korea.After receiving their feedback it establishes for us in advance whether or not the line could be successful in the department store environmentin Korea . Thissymbiotic relationship we have avoids the typical method of going into the market blind.
These relationships that we have established are with both Lotte Department Stores
http://www.lotte.co.kr/eng/02_bussiness/circulation.jsp and Hyundai Department Stores
http://www.ehyundai.com/newPortal/eng/index.jsp which have tremendous presence in the higher end category for clothing and overwhelming foot traffic in all of their locations which gives each joint venture we create over there a tremendous opportunity to succeed. .
In addition to mitigating the acceptance risk factor we also have a unique revenue sharing relationship with both Lotte and Hyundai Department stores which allows us to exist in the two most prestigious department store environmentsin all of Southeast Asia and China virtually"rent free" since we do not pay for the space we harbour.
With the successful sell thru of the Cabe Studio fall lines of Clothing and Cashmere Sweaters we expect that 2014 will give us the opportunity to increase the amount of department stores Cabe will be distributed in and we are very optimistic that we could have a presence into Mainland China which would exponentially increase sales for the Cabe Studio line.
We are in discussions with several different US based design manufacturers at this point and expect to sign agreements with several of them in the coming weeks. Our risk adverse strategy of establishing brand thru low risk joint ventures is a model that is unique since instead of acquiring companies for cash and other forms of debt and or equity components, we establish control of the joint venture first, establish the brand overseas and have an option to acquire the company in the joint venture down the road at a set price when and if it makes sense. Thisallows us at this critical stage of our operational growth to avoid unnecessary overhead and dilution to our shareholders.
We areextremely encouraged by the early success we are having with this strategy and once more fully established we expect to hire a CEO with an excellent track record in running public apparel companies to take this venue to the next level.
We feel this counterinuitive model of establishing western brand overseas where there is agroup of 500 million middle class and affluent people with a tremendous appetite for western style clothing is the right model as opposed to trying to establish the brands here in the USA where the industry has considerably more challenges from high rents to cluttered buying channels. We look forward to expanding this business model over the coming years andfeel thatthe implementation of suchwill serve us extremely well in the coming years.
CONTACT: Chris H Giordano chris@premiereopportunities.com 973-291-8900
Source: Premiere Opportunities Group, Inc
Premiere Opportunities Group, Inc Apparel Division Receives Order For New Winter Sweater Fashion Line GlobeNewswire
Totowa, NJ , Sept. 16, 2013 (GLOBE NEWSWIRE) -- Premiere Opportunities Group, Inc ("OTCQB: PPBL")
www.premiereopportunites.com thru its Joint Venture with Cabe Studio
www.cabestudio.com
Our goal is establish six to ten joint ventures over the next twelve months with "Western Brand" clothing design manufacturers that do not have the necessary relationships to establish their brand and line in Southeast Asia and Mainland China. Our distribution partners willgive each joint ventire the chance of establishing a solidfootprint in the region. Most importantly is the in the case of the success of each joint venture it is our anticipation that each line would generate several million a year in revenue with net margins of at least ten percentpre tax which is substantial for a small public company such as ours.
With our approach to the joint venture model we have in place, we eradicate most of the risk that goes along with establishing a line of clothing for the first time. Our approach is distinctsince we initially takesamples of the US based designer's clothing
and send them to thepeople who have tremendous insightand influence withinthe "buying group" for the department stores in Seoul , Korea.After receiving their feedback it establishes for us in advance whether or not the line could be successful in the department store environmentin Korea . Thissymbiotic relationship we have avoids the typical method of going into the market blind.
These relationships that we have established are with both Lotte Department Stores
http://www.lotte.co.kr/eng/02_bussiness/circulation.jsp and Hyundai Department Stores
http://www.ehyundai.com/newPortal/eng/index.jsp which have tremendous presence in the higher end category for clothing and overwhelming foot traffic in all of their locations which gives each joint venture we create over there a tremendous opportunity to succeed. .
In addition to mitigating the acceptance risk factor we also have a unique revenue sharing relationship with both Lotte and Hyundai Department stores which allows us to exist in the two most prestigious department store environmentsin all of Southeast Asia and China virtually"rent free" since we do not pay for the space we harbour.
With the successful sell thru of the Cabe Studio fall lines of Clothing and Cashmere Sweaters we expect that 2014 will give us the opportunity to increase the amount of department stores Cabe will be distributed in and we are very optimistic that we could have a presence into Mainland China which would exponentially increase sales for the Cabe Studio line.
We are in discussions with several different US based design manufacturers at this point and expect to sign agreements with several of them in the coming weeks. Our risk adverse strategy of establishing brand thru low risk joint ventures is a model that is unique since instead of acquiring companies for cash and other forms of debt and or equity components, we establish control of the joint venture first, establish the brand overseas and have an option to acquire the company in the joint venture down the road at a set price when and if it makes sense. Thisallows us at this critical stage of our operational growth to avoid unnecessary overhead and dilution to our shareholders.
We areextremely encouraged by the early success we are having with this strategy and once more fully established we expect to hire a CEO with an excellent track record in running public apparel companies to take this venue to the next level.
We feel this counterinuitive model of establishing western brand overseas where there is agroup of 500 million middle class and affluent people with a tremendous appetite for western style clothing is the right model as opposed to trying to establish the brands here in the USA where the industry has considerably more challenges from high rents to cluttered buying channels. We look forward to expanding this business model over the coming years andfeel thatthe implementation of suchwill serve us extremely well in the coming years.
CONTACT: Chris H Giordano chris@premiereopportunities.com 973-291-8900
Source: Premiere Opportunities Group, Inc
