Mezzi Completes Acquisition of Capital Eyewear

VANCOUVER, BC / ACCESSWIRE / October 1, 2015 / Mezzi Holdings Inc. (“MEZZI” or the “Company”) (TSX Venture: MZI) (0MZ.F) is pleased to announce that it has completed the acquisition of Capital Eyewear. Capital Eyewear is a profitable independent eyewear design and manufacturing company based in San Francisco, California. Since commencing operations in 2009, Capital has developed a popular line of wood and acetate eyewear that is sold online as well as carried in more than 65 stores in the USA and Japan.

In consideration for the Capital Eyewear business, the Company made an initial payment of US$125,000, and has committed to make an additional payment of US$125,000 upon the satisfaction of certain revenue-based milestones being met within the next 18 months. For further information regarding the acquisition, readers are encouraged to review the Company’s news release of August 28, 2015.

The completion of this transaction represents the beginning of our rollup strategy of accelerating growth through acquisitions of profitable luxury brands that can benefit from leveraging MEZZI’s brand management team to catalyze increased value.

In addition, Steven Kilzer, Capital Eyewear’s founder and CEO joins MEZZI’s advisory board to bring his broad experience and success in supply chain development and product innovation to the team.

“I am very pleased to welcome Capital Eyewear to the MEZZI family. Steven has built a tremendous brand that benefits from having in-house manufacturing to ensure efficient and timely production along with constant product innovation,” Keir Reynolds, CEO and Chairman, commented.

On his decision to join MEZZI, Steven said, “It is very exciting to begin work with MEZZI. After spending time with the team over the last few months, I am confident they have the talent and drive required to take Capital to the next level. I’m also looking forward to sharing my expertise with MEZZI to help build their vision of a broad portfolio of US-based consumer brands.”

About MEZZI

MEZZI is disrupting the status quo in the luxury accessories market as it recently unveiled a beautiful new product line featuring cutting edge technology, making MEZZI the true smart luxury brand. Each piece, including handbags and other essential leather goods, allows wireless connectivity between your MEZZI bag and smartphone, providing a completely new user experience. With fine leather sourced directly from Italy, all pieces in the MEZZI Smart Luxury collection are manufactured to precision quality.

For further information please contact:

Mr. Keir Reynolds
CEO
Tel: (778) 998-9242
Email: keir@mezzi.com

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ON BEHALF OF THE BOARD

Keir Reynolds

Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

SOURCE: Mezzi Holdings Inc.

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