Total Licensing, Inc. Partners With Glamm Industries to Develop and Market SKECHERS Time Instruments
Glamm Led by 20-Year Accessories Industry Veteran Mary Swan-Lewis
NEW YORK, June 29, 2011 /PRNewswire/ -- Total Apparel Group, Inc. ("TAG") (OTC Pink: TLAG) today announced that its wholly owned subsidiary, Total Licensing, Inc. ("TLI"), has partnered with Glamm Industries, LLC ("Glamm") to develop and market timepieces for SKECHERS USA, Inc. ("SKECHERS") (NYSE: SKX). The new collection of SKECHERS Time Instruments will be available in retailers throughout the United States in Fall 2011.
Glamm is currently the exclusive U.S. licensee of watches and timepieces for SKECHERS, a global leader in the footwear industry and the number two footwear brand in the United States. As part of the agreement, Glamm maintains the multi-year exclusive domestic licensing and manufacturing rights, as well as certain non-exclusive global manufacturing and distribution rights.
Glamm is led by industry veteran Mary Swan-Lewis, a former senior vice president of Swatch USA with over 20 years of experience in the watch and accessories category. Throughout her career Swan-Lewis has held similar senior management positions at other highly recognized watch and accessories companies and has developed product for numerous brands including Sector, Bennetton, Moschino, Valentino, Jessica Simpson and many others. Swan-Lewis currently oversees sales and product development activities and has engaged another seasoned industry executive to manage all of the operational aspects of the business.
"We believe that SKECHERS Time Instruments will make an instant impact in the marketplace and produce significant revenue under Mary's leadership," stated Janon Costley, Chief Executive Officer of Total Apparel Group. "We are excited to partner with Glamm, which is led by a team of world-class industry executives and maintains licensing rights for a major international brand. This type of joint venture relationship will serve as an excellent indicator of how we will move TAG into the future."
The parties are in the process of completing terms relating to the compensation and participation of TLI and further announcements regarding the agreement will be made in the coming months.
"We are thrilled to be working with the team at SKECHERS to develop a new, complimentary product category," said Swan-Lewis. "I am equally excited to join forces with TLI to further our sales and distribution efforts in a sector where we believe there are tremendous opportunities to gain significant market share with one of the world's most recognizable brands."
About Total Licensing, Inc.
Total Licensing, Inc. (TLI) is a wholly owned subsidiary of Total Apparel Group, Inc., (OTC Pink: TLAG) (www.tapginc.com) a licensing, distribution and merchandising company focused on bringing national and international brands to the North American marketplace through strategic licensing and distribution agreements with partners who have existing brand recognition and the ability to develop, design and manufacture products. TLI is a service orientated company that handles, licensing and brand extension opportunities for new and/or existing licensed properties, brands or companies. TLI seeks to expand a given product/brands market position in the North American marketplace and thereby increase the overall value of the individual trademark.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to future events, including, without limitation, our future financial performance. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such forward-looking statements may be identified by terminology such as "intend," "should," "expect," "may," "plan," "anticipate," "believe," "estimate," "project" or "predict," and the negative and variations of such words and comparable terminology. You should not place undue reliance on these forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions. Except as required by applicable law, we assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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SOURCE Total Apparel Group, Inc.
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