Horiyoshi Worldwide announces completion of acquisition
20 Nov '10
1 min read
Horiyoshi Worldwide Inc announces that it has completed the acquisition of Japan based, fashion apparel design and production house - Horiyoshi the Third Limited. As previously announced, the company was to issue 64,866,000 restricted shares of common stock for the acquisition.
Under amended terms, the company has instead issued 30 million restricted shares of common stock for the acquisition of HIII. As a result, with the successful closing of the acquisition, the company now has 60,000,535 shares of common stock issued and outstanding.
Based in Japan, Horiyoshi the Third Limited designs, manufactures, and markets the "Horiyoshi the Third Collection" - a high end clothing and accessories product line based on the artistry of co-founder and World renowned Japanese Tattoo Artist, Yoshihito Nakano, (Horiyoshi III).
The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 45 luxury retail boutiques located in 25 cities worldwide. Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the New York Times, International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com.
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