LOS ANGELES, Nov. 9 /PRNewswire-FirstCall/ - Mitsuo Kojima, President and CEO of Horiyoshi Worldwide Inc. (OTC Bulletin Board: HHWW) is pleased to announce the acquisition of Japan based, fashion apparel design and production house - Horiyoshi the Third Limited ("HIII").
Based in Japan, Horiyoshi the Third Limited ("HIII") designs, manufactures, and markets the "Horiyoshi the Third Collection" - a high end clothing and accessories product line based on the artistry of Co-Founder and World Class Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). "The Horiyoshi Collection transforms the unique vision and unequivocal precision of this revered tattoo artist and the richness of the Japanese tattoo tradition into an inimitable brand experience" said Mitsuo Kojima, President and CEO of Horiyoshi Worldwide.
Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com. The debut collection was noted in the New York Times as, "A great new line based on a living legend" (New York Times: Style - March 5, 2009).
The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 45 luxury boutiques and department stores in 25 cities worldwide. Committed to the utmost quality and luxury in the design and production, the collection currently consists of casual wear for men, casual wear for women, and unisex accessories retailing at "Designer" price points.
Horiyoshi Worldwide aims to expand product categories in Denim and selective license or cross-license agreements to third party producers in "Bridge" and "Complimentary" categories such as: undergarments, leather goods, footwear, active and general lifestyle products. Any such expansion or licensing arrangements will be pre-conditioned on appropriate minimum sales commitments, the Company's ability to preserve the design and quality of the products manufactured, and the Company's ability to control the manner in which such products are advertised, marketed, and distributed.
"We aim to continue offering consumers and fans unique and well-made products that serve to celebrate the art of Horiyoshi III and the ancient Japanese artform of Irezumi while increasing the range of our products on a mass market level" Said Mitsuo Kojima.
The immediate growth objective of Horiyoshi Worldwide, will be to expand the collection, solidify alliances with key retailers and appoint a leading Management team.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HHWW's ability to design and manufacture its products following the acquisition, the ability of the products to gain market acceptance, and the difficulties faced by an early stage retail fashion company in the competitive retail fashion industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic and current reports filed from time to time with the Securities and Exchange Commission.
SOURCE Horiyoshi Worldwide Inc.
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