Premiere Opportunities, Inc is pleased to announce that it has signed a Letter of Intent with Jane Elissa Designs of NY to create a Joint Venture to assist Jane Elissa with the manufacturing and the exclusive distribution of her line of apparel and other merchandise into Mainland China, Korea and the rest of SE Asia.
The Jane Elissa apparel line will for now include denim jackets, hats, T-shirts and hadbags. In addition, the line of hard goods will include luggage, umbrellas, hand embroidered oil paintings and picture frames.
Chris Giordano, President of Premiere Opportunities Group, Inc further stated: "We are extremely excited in working with Jane Elissa on this extraordinary opportunity to represent her line overseas. We expect to sign a definitive agreement with Jane within the next ten days.
Jane Elissa is an extremely artisitic individual and had a very successful retail store in the Marriot Marquis for over 20 years and with that success we are leveraging up Jane's incredible talent to create one of a kind items and bring it to the mass markets for the first time both here and overseas. We already have had tremendous interest in the Jane Elissa apparel line not only overseas in SE Asia but here in the US where specialty retailers such as Hudson News and Hot Topics are seeing her artsy styles for the first time and reacting in a very positive manner looking for delivery of samples in the coming weeks to hopefully be followed by firm orders.
Jane Elissa had recently debuted her NY Skyline denim jackets on QVC and sold out 1500 denim jackets in just 5 minutes. The QVC buyer represents a solid cross section of demographics and if this is any indication of what could be considered a test market for her denim line then we are extremely encouraged that this line will be a great success here in the US as well as overseas.
This intended joint venture is part and parcel to our revenue model of taking very talented US based design manufacturers that lack the necessary contacts with influence in order to get their product distributed overseas and provide them the portal to do so.
Every day we grow more confident as our business model is being met with great reception by design manufacturers seeking to joint venture with us. More importantly is the reception we are getting from the two largest high end department store chains, Hyundai Department Stores and Lotte Department Stores which continue to show great demand for our labels to date.
Furthermore, and in keeping with the courage of our conviction, management will be exercising a total of 5 million options at prices ranging from .01 to .015. that will be exercised before the end of October, 2013 and subsequently such purchase will be filed with the Securities and Exchange Commission as part of our compliance with being a fully reporting public company and as disclosure to our shareholders as well.