Message #11 From:
NewsBot Date: October 11, 2005 01:30:00 AM
BLHL News Antik Denim, LLC, Enters into Licensing Agreement for ''U'' with Yanuk Jeans, LLC
COMMERCE, Calif.--(BUSINESS WIRE)--Oct. 11, 2005--Blue Holdings Inc. (OTCBB:BLHL), a designer, manufacturer and distributor of high-end fashion jeans and denim apparel, today announced that it has signed a five-year licensing agreement with Yanuk Jeans, LLC ("Yanuk") effective October 5, 2005, and expiring September 30, 2010. Under the terms of the agreement, Blue Holdings is the exclusive licensee for design, development, manufacture, sale, marketing and distribution of the "U" trademark in all categories for men, women and children. Blue Holdings will pay to Yanuk as royalty five percent of all net sales of the licensed products. Yanuk is wholly owned by Paul Guez, Chairman, Chief Executive Officer, President and majority shareholder of Blue Holdings. The license agreement was approved by a majority of Blue Holdings' Board of Directors, including all of its independent directors.
"This agreement will enable us to diversify our products at different price points from those of Antik and Yanuk," 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.
