2011 to be milestone year for Horiyoshi Worldwide
Horiyoshi Worldwide Inc is pleased to provide this corporate update, which re-caps the recent acceleration in the Company's business and outlines future development plans.
Highlights from the last quarter of 2010:
• Appoints Mitsuo Kojima to the position of President and CEO and Ray Catroppa as CFO;
• Acquires Japan based, fashion apparel design and production house - Horiyoshi the Third;
• Appoints Robert Forrest as Creative Director;
• Appoints Dawn Green as Commercial Director;
• Forms International Advisory Board and appoints;
o Michelle Stein, President of AEFFE, USA
o Richard Johnson, Buying Manager, Harvey Nichols
• Embarks on creative/retail partnership with British fashion designer, Paul Smith
• Secures International Retail Distribution with:
o Saks Fifth Avenue (www.saksfifthavenue.com)
o Harvey Nichols (www.harveynichols.com)
o The Swank (www.swank.com.hk)
o Browns Fashion (www.brownsfashion.com)
o Daslu (www.daslu.com.br)
o Beams (www.beams.co.jp)
o Secures $5,000,000 in equity financing to fund ongoing operations and
• business development initiatives.
In 2011, management will devote significant resources to expand the product categories of Horiyoshi the Third while focusing on building the Horiyoshi retail distribution network and organizational structure. The management team understands the importance of creating shareholder value.
The company sees its shareholders as a key constituency in creating brand awareness and one of management's main goals is to increase visibility by positioning the company to list its shares on a national market exchange. More information with regards to future development plans will be disclosed in the upcoming 10-K filing.
"As a result of recent developments, we anticipate that 2011 will be a milestone year for HHWW and its shareholders. We appreciate the continued support we have been receiving from our shareholders during the expansion of the Horiyoshi the Third brand and we look forward to translating our successes into shareholder value." said Mitsuo Kojima, President and CEO of Horiyoshi Worldwide.
Horiyoshi Worldwide Inc, designs, manufactures, and markets Horiyoshi the Third - a high end clothing and accessories product line based on the artistry of 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 50 luxury retail boutiques & department stores in 25 cities worldwide.
Horiyoshi Worldwide Inc