NEW YORK, June 23, 2011 (GLOBE NEWSWIRE) -- Omni Ventures, Inc. (OTCQB:OMVE) announced today that its wholly owned subsidiary, PRVCY Couture, Inc., is resuming production of denim products for the 2011 fall/winter season as well as for spring and summer seasons of 2012. It is anticipated that the products will be sold domestically and to its international distributors.
"After the resumption of operations earlier this year we have done a great deal of market research as well as engaged in focused discussions with many retailers on our expansive customer list, our licensees and international distributors to determine the best way to re-launch our brand," said Derek Finney, the CEO of PRVCY Couture, Inc. Finney added, "We currently own enough raw materials to produce approximately 17,000 units of denim, which may translate in the initial sales of over one million dollars at the prevailing wholesale prices. Needless to say, in this day and age, we will make a special effort to use e-commerce as the medium to put our versatile collection directly in front of the consumers, which may lead to additional sales and increased profit margins. Our product offering will comprise of a mix of legacy styles, which are enjoying stable demand both domestically and overseas, as well as the new designs developed recently."
About Omni Ventures
Omni Ventures, Inc. is a development stage company working on a versatile portfolio of projects in premium consumer brands development and merchandising as well as consumer services. The Company is working to position itself as a strategic management holding company for several subsidiaries including the ones to be established or acquired. Currently the Company wholly owns PRVCY Couture, Inc., the casual couture apparel and accessories design, manufacturing and distribution company (). Management is negotiating several joint ventures with established operating companies in the fields of consumer goods design, manufacturing and distribution as well as consumer services. For more info, please visit .
Legal Disclaimer
The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
CONTACT: Omni Ventures, Inc. Investor Relations: Pivo Associates, 212.924.3548 info@pivoassoc.com