NEW YORK, Nov. 19, 2010 (GLOBE NEWSWIRE) -- Omni Ventures, Inc. (OTCQB:OMVE), is proud to announce that it has acquired assets of Diamond Decisions, Inc. from Agile Opportunity Fund, LLC. Diamond Decisions provided apparel brand management, design, manufacturing and distribution services and owned among other assets, the PrivacyWear and PRVCY Premium brands.
PRVCY brands and the related other assets, machinery and inventory were acquired in an asset purchase agreement with Agile Opportunity Fund, LLC, which was one of the creditors of Diamond Decisions and which obtained those assets in a sale by the Trustee in the Chapter 11 Bankruptcy proceedings of Diamond Decisions. The Purchase price for the assets were debt and stock.
Founded in 2006, PRVCY Premium and Privacy Wear had a fabled history as a purveyor of premium denim and casual apparel and was known industry-wide for the quality of its products, selling in major department stores and specialty boutiques nationwide, and charitable donations to breast cancer awareness. Under the new ownership and management anticipate a re-launch of production and sales of the PRVCY brands and a respective public relations and awareness campaign to commence immediately.
Dan Reardon, the CEO of Omni Ventures commented, "We believe PRVCY to be a premier brand of premium denim poised to become a leader of the market segment. As timing is everything in business, we are fortunate to have been able to purchase the assets of PRVCY and are excited about continuing its mission of Cancer awareness with a fashion twist. We believe that the new design and operations team coming on board will not only continue to deliver the top quality of the product that PRVCY brands were known for but also make our product offering more versatile and appealing to many new customers."
About Omni Ventures
Omni Ventures, Inc. is a Kansas, USA, holding, brand development and management corporation developing and/or offering products and services in various consumer goods industries to the customers world-wide. We are working on acquiring and growing versatile well-established and upcoming brands of consumer goods as well as developing significant online direct merchandizing venues and traditional retail sales networks for our products. The common denominator between those various businesses is a vertically integrated and professionally managed core holding infrastructure, which provides for well-coordinated brand development, targeted investment and expansion strategy and execution. Our management believes investment in these types of projects appropriately addresses the market need regarding new economic realties. For further information, please visit www.omve.net.
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.
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