LOS ANGELES, Jan. 5 /CNW/ - Horiyoshi Worldwide Inc. (OTC Bulletin Board: HHWW) (the "Company") is pleased to provide this corporate update, which re-caps the recent acceleration in the Company's business and outlines future development plans.
Highlights from the last quarter of 2010:
- Appoints Mitsuo Kojima to the position of President and CEO and Ray
Catroppa as CFO;
- Acquires Japan based, fashion apparel design and production house -
Horiyoshi the Third;
- Appoints Robert Forrest as Creative Director;
- Appoints Dawn Green as Commercial Director;
- Forms International Advisory Board and appoints;
- Michelle Stein, President of AEFFE, USA
- Richard Johnson, Buying Manager, Harvey Nichols
- Embarks on creative/retail partnership with British fashion designer,
- Secures International Retail Distribution with:
- Saks Fifth Avenue (www.saksfifthavenue.com)
- Harvey Nichols (www.harveynichols.com)
- The Swank (www.swank.com.hk)
- Browns Fashion (www.brownsfashion.com)
- Daslu (www.daslu.com.br)
- Beams (www.beams.co.jp)
- Secures $5,000,000 in equity financing to fund ongoing operations and
business development initiatives.
In 2011, management will devote significant resources to expand the product categories of Horiyoshi the Third while focusing on building the Horiyoshi retail distribution network and organizational structure. The management team understands the importance of creating shareholder value. The company sees its shareholders as a key constituency in creating brand awareness and one of management's main goals is to increase visibility by positioning the company to list its shares on a national market exchange. More information with regards to future development plans will be disclosed in the upcoming 10-K filing.
"As a result of recent developments, we anticipate that 2011 will be a milestone year for HHWW and its shareholders. We appreciate the continued support we have been receiving from our shareholders during the expansion of the Horiyoshi the Third brand and we look forward to translating our successes into shareholder value." said Mitsuo Kojima, President and CEO of Horiyoshi Worldwide.
About Horiyoshi Worldwide Inc.
Horiyoshi Worldwide Inc., designs, manufactures, and markets Horiyoshi the Third - a high end clothing and accessories product line based on the artistry of World renowned Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 50 luxury retail boutiques & department stores in 25 cities worldwide. Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the New York Times, International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com.
For more information on Horiyoshi the Third, visit:
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. Also the Company's ability to list HHWW shares on a national market exchange. 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.
For further information: CONTACT PERSON: Mr. Raymond Catroppa, CFO, Los Angeles, (213)-221-7819, firstname.lastname@example.org