Message #25 From:
NewsBot Date: October 25, 2006 08:35:00 AM
NXTI News Next Inc. Signs New Three-Year License Agreement with Dodge
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Next Inc., (OTCBB:NXTI)
an emerging leader in the sportswear and promotional products industry,
today announced that they have renewed their Dodge license with the
signing of a new three-year agreement. The Company’s
internally designed and produced licensed offerings are some of Dodge’s
top selling apparel products. The renewal includes a license for the new
Dodge Challenger concept car and production model.
Robert Hollander, President of Brand Sense Partners, Dodge’s
licensing agency: “Next Inc, remains one of
our top apparel licensees for the Dodge division of DaimlerChrysler.
They have become an integral player in the success of Dodge’s
licensing program. By embracing vintage and modern Dodge vehicles and by
creating compelling graphics, their products enjoy superb retail sales.
In addition, they have designed and produced some of Dodge’s
top-selling products. We have a great working relationship with Next
Inc. and look forward to continued success together."
Joe Ferragina, the Next’s Executive VP of
Sales stated, "We’re very pleased with
our Dodge product offerings for both the Dodge dealer network and our
retail accounts. Automotive licenses remain a major focus of our
licensed sales strategy and this renewal secures our business with Dodge
through 2009. We thoroughly enjoy working with Dodge as well as their
licensing agency, Brand Sense Partners. We look forward to continuing
this mutually beneficial relationship.”
Next Inc. is a creative and innovative sales and marketing organization.
Next Inc. designs, develops, markets, and distributes licensed and
branded promotional products and imprinted sportswear primarily through
major college and university, motor sports and other major promotional
key licensing agreements. Next is one of the dominant companies in the
highly fragmented licensed promotional products and imprinted sportswear
industries.
With a U.S. market share of 7 percent, Dodge is the Chrysler Group’s
best-selling brand and the fifth largest nameplate in the U.S.
automotive market. In 2005, Dodge sold more than 1.4 million vehicles in
the global market. Dodge continues to lead the minivan market with a 19
percent market share in the U.S. In the highly competitive truck market,
Dodge has a 16 percent market share. This year, Dodge enters key
European volume segments with the 2007 Dodge Caliber and 2007 Dodge
Nitro.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, which
contains a safe harbor for forward-looking statements. The Company
relies on this safe harbor in making such disclosures. The statements
are based on management's current beliefs and assumptions about
expectations, estimates, strategies and projections. These statements
are not guarantees of future performance or results and involve risks,
uncertainties and assumptions that are difficult to predict. Therefore,
actual outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements.