VANCOUVER, July 9, 2018 /CNW/ - RYU Apparel Inc. (TSXV: RYU) ("RYU" or the "Company"), creator of urban athletic apparel, is pleased to announce that Canaccord Genuity ("Canaccord") has released their initiating coverage report on RYU after being chosen as the first Canadian company to enter their COLTS program (see press release dated, June 7, 2018).
The COLTS Program is a capital markets initiative that profiles high growth, small-cap companies, such as RYU. The strategic benefit of RYU's participation in the COLTS Program is to support RYU's growth and broaden its exposure to both retail and institutional investors.
The report is a third party, public document, authored by senior retail analyst, Camilo Lyon and Pallav Saini, and published by Canaccord with RYU having no involvement in the creation of the report. To view the report, please use the following link:
"We are very pleased with their report as we feel their analysts captured the essence of our company," said Marcello Leone, CEO of RYU. "This is another validation of the efforts we are putting into creating a global brand and taking the awareness to another level."
The agreement with Canaccord and all matters contemplated as part of the COLTS Program are subject to the prior acceptance and approval of the TSX Venture Exchange.
For regular updates on RYU Apparel visit: http://ryu.com
Respect Your Universe is an award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of athletically minded men and women. Innovatively designed without compromise and tailored for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com
On Behalf of the Board
RYU APPAREL INC.
Marcello Leone, CEO, President and Chairman of the Board
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the statement that: the strategic benefit of RYU's participation in the COLTS Program is to support RYU's growth and broaden its exposure to both retail and institutional investors. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including the ability of the Company to finance operations, the ability of the management team to execute on its business plan, risks in the apparel industry in general, and delays and risks associated with renovating and opening new store locations. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
SOURCE RYU Apparel Inc.
For further information: Investor Relations: Contact: Anna Brazier, Investor Relations, 1-844-535-2880, [email protected], www.ryu.com; For Media inquiries, contact: Candace Fremder (Global PR), Account Director, [email protected]; Samantha Detwiler (Canada PR), Jane Gill PR - Account Manager, +1 416 922 4404 ext. 28, [email protected]