JALISCO, Mexico, Dec. 17, 2013 /PRNewswire/ -- LUVE Sports, Inc. (OTC: 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 that it will soon decide to open the lines of communication again with Privalia Venta Directa SA.
Privalia is the trading name for Privalia Venta Directa, SA, an online private sales club (www.privalia.com), with operations across Spain, Italy, Germany, Brazil and Mexico. Privalia, which holds the leading market share in all these markets organizes short, single-brand campaigns (lasting between 3 and 5 days) to which registered members are invited to shop via an email message.
Privalia has over six million online members, employs over 940 staff and had revenues in the 100s of million dollars last year.
"Having a website with such large membership base is definitely a key ingredient in our online success moving forward," said Duncan Forbes, president and CEO of LUVE Sports. "Privalia has built a membership of over six million strong in only six years, we are looking forward to having our increased product lines seen by so many new people."
About LUVE Sports (OTC: 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.
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SOURCE LUVE Sports, Inc.