BAY HARBOR ISLANDS, Fla., Nov. 6, 2012 /PRNewswire/ -- Vanity Events Holding, Inc. ("Vanity" or the "Company") (OTCBB: VAEV) today announced it has begun the process to launch its first site under Buy Borrow or Sell. The Company said the first site it intends to launch into the collaborative consumption category will be in the luxury watch market.
"Consumers are passionate about luxury watches and we intend to provide them with a wide selection for both rent and sale," said Vanity CEO Phil Elett. "Growth of the luxury market has stagnated over the last couple of years as consumers have been saddled with an assortment of credit issues," continued Elett. "The weakened dollar has subtracted from what domestic consumers can buy overseas but we know this model could be the start of reinvigorating the retail economy."
Elett said that www.BuyBorrowOrSell.com is currently under development but interested parties can visit the holding page and leave contact information to be updated.
About Vanity Events Holding, Inc.
Vanity Events is a Holding Company with expanding lines of business including www.BuyBorrowOrSell.com, a collaborative consumption platform for consumer goods. The company's mission is to acquire and develop diverse businesses with innovative products or services while maintaining synergistic partnerships and relationships.
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2011, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2012.
SOURCE Vanity Events Holding, Inc.