RYU Apparel Receives Order from One of the Largest U.S. Online Retailers
Delivering on Plan with B2B Strategy and Success
VANCOUVER, BC / ACCESSWIRE / July 20, 2015 / RYU Apparel Inc. (TSX VENTURE: RYU), a global, athletic tech-style apparel brand engineered for the fitness, training and performance of the multi-discipline athlete, is pleased to announce it has received its first official volume purchase order of 6,000 units from one of the largest U.S. online retailers.
The RYU sales and management teams believe they have created a solid plan to open accounts with a few prestigious retailers and are happy to announce that plan has led to an order from a major online retailer. This is a very positive step forward in RYU’s commitment to create a long term and successful business-to-business strategy. RYU believes that the online sector is key given its incredible growth in the past few years. RYU has been successfully testing these markets in the past few months and the brand has been well received in this channel.
Marcello Leone, RYU’s CEO, President and Chairman, stated, “We are very excited to be working with a top Internet retailer with a focus on apparel and more than 14 million members. We believe that this initial order validates the hard work of our design and development team and the strategy of our marketing team. Our goal has been to create a reliable sales channel and partner with one of the large online retailers. Our team has been successful in delivering on our plan and we anticipate we will continue to build this very important category.”
For regular updates on RYU Apparel visit: http://ryu.com.
About RYU
RYU Apparel Inc. is a global, athletic tech-style apparel brand engineered for the fitness, training and performance of the multi-discipline athlete. Designed without compromise, RYU exists to facilitate human performance. For more information, visit: http://ryu.com.
On Behalf of the Board
RYU APPAREL, INC.
“Marcello Leone”
Marcello Leone, CEO, President and Chairman of the Board
Tel: 604-235-2880
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.
Statements regarding RYU’s plan to open accounts with prestigious retailers, the importance of the online sector for RYU, the validation of RYU’s plans are “forward- looking statements”, which are subject to risks and uncertainties, which may cause the actual results, performance or achievements of RYU to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, that RYU’s business plan is dependent on additional financing, which it may be unable to obtain on terms acceptable to RYU, changes in general economic or market conditions that could impact consumer demand for RYU’s products, and RYU’s ability to execute on its business plan. The material assumptions supporting these forward-looking statements include, among other things: RYU’s ability to obtain any necessary financing on acceptable terms; timing and amount of capital expenditures; the enforcement of its intellectual property rights; continuation of current tax and regulatory regimes; current exchange rate and interest rates; and general economic and financial market conditions. Except as required by law, RYU undertakes no responsibility to update any of the forward-looking statements contained in this news release.
Investor Relations
Tel: +1 877 367 0704
Email: ir@ryu.com
Hayden IR
hart@haydenir.com
917-658-7878
Canadian Media Inquiries
Katie Stevens
Talk Shop Media
Katies@talkshopmedia.com
604-738-2220
U.S. Media Inquiries
Natalie Mikolich
NPM PR
Natalie@npmpr.com
561-451-5015
SOURCE: RYU Apparel, Inc.
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