JALISCO, Mexico, Nov. 18, 2013 /PRNewswire/ -- LUVE Sports, Inc. (OTCQB: LUVE) (or the "Company"), a distribution company focused on expanding the retail reach of high-end sporting goods and related products, is pleased to announce it is targeting Groupo Marti SAB de CV ("Marti") as a main retail channel for its products.
Marti is the single largest sports retail company in Mexico, www.marti.com.mx, with revenues in excess of $1 billion and trades on the Mexican Stock Exchange since 1992.
LUVE Sports, with a history of sales in Marti, will soon be planning an aggressive inventory accumulation for the sole purpose of moving top quality branded products into larger distribution channels that facilitate the quick, timely and seamless product placement to Marti. Marti currently has over 200 retail units operating in Mexico, plus an active online website.
"Marti is a prime launching point for our new brands and products," said Francis Duncan Forbes, President and CEO of LUVE Sports, "and we are committed to utilizing the extensive retail reach companies like Marti provide."
About LUVE Sports (LUVE):
LUVE Sports is a sports distribution company focused on delivering industry-leading sport products to the Mexican markets. To date, the Company has introduced products to the market and established key relationships with corporate partners with proven distribution networks. For more information visit our corporate website at: www.luvesports.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, risk reduction, insurance coverage, business strategy, sales of equipment and global markets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Investor Relations Contact:
For further information regarding LUVE Sports, please contact our Investor Relations Line at:
(424) 278-4033
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SOURCE LUVE Sports, Inc.
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