Message #10 From:
NewsBot Date: September 9, 2005 01:30:00 AM
BLHL News Antik Denim, LLC Enters into First Licensing Agreement with Titan Industries, Inc.
COMMERCE, Calif.--(BUSINESS WIRE)--Sept. 9, 2005--Blue Holdings Inc. (OTCBB:BLHL), a designer, manufacturer and distributor of high-end fashion jeans and denim apparel, today announced that Antik Denim, LLC ("Antik"), a wholly owned subsidiary of Blue Holdings, has signed a binding term sheet to be documented into a licensing agreement with Titan Industries, Inc. ("Titan"), a leader in women's fashion footwear. Under the term sheet, Titan can produce and market footwear for men and women bearing the "Antik Denim" trademark for sale in the United States, Canada and Mexico. The agreement has a three-year term renewable for another term of five years. Titan has the right to terminate the agreement after the first 18 months.
Based in Southern California, Titan manufactures and distributes footwear for brands such as J Lo, Betsey Johnson, Laundry by Shelli Segal and Joeyo. Titan has wide distribution in better department stores throughout the U.S. "For four years I've waited for the right opportunity to partner with Paul Guez. The opportunity finally arrived and I'm thrilled and anxious to launch 'Antik Denim Footwear'," stated Joe Ouaknine, Titan's Chief Executive Officer.
The American Apparel and Footwear Association reported that the U.S. footwear market was worth $51 billion in 2003.
"This agreement marks the beginning of our licensing business which will bring us royalty income without any overhead expenses. Expanding into footwear will also elevate our visibility and help us reach more new consumers," said Paul Guez, Chairman, Chief Executive Officer and President of Blue Holdings Inc.
About Blue Holdings Inc.
Blue Holdings Inc., directly and through its wholly owned subsidiary, Antik Denim, LLC, designs, develops, manufactures, markets, distributes and sells high-end fashion jeans, apparel, and accessories with a western flair under the "Antik Denim" and "Yanuk" brands, both in the United States and internationally. Blue Holdings currently sells men's and women's styles and is in the process of launching a children's line. Antik Denim and Yanuk jeans are made from high-quality fabrics milled in the United States, Japan, Italy and Spain, and are processed with cutting-edge treatments and finishes. Blue Holdings' concepts, designs, embellishments, patent-pending pockets and great attention to detail and quality give it a competitive advantage in the high-end fashion jeans market.
Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as may be detailed from time to time in Blue Holdings' filings with the United States Securities and Exchange Commission. Blue Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
