Home / Knowledge / News / Fashion / CEO of Aussie Soles to become CEO of K-9
CEO of Aussie Soles to become CEO of K-9
23
Feb '08
K-9 Concepts Inc announced that it has completed its acquisition of 100% of the outstanding membership interests of Aussie Soles International LLC, an early stage casual footwear company.

In connection with the transaction, K-9 issued approximately 12.9 million new shares of its common stock in consideration of 100% of the membership interests of Aussie Soles.

The former owners have an ability to earn into 6 million additional K-9 shares assuming certain operating milestones are met.

In addition, 2.1 million shares are being held in escrow pending the satisfaction of certain representations and warranties that were made by Aussie Soles.

Immediately upon closing of the exchange, interest holders of Aussie Soles will own approximately 33% of K-9. The transaction is not being structured as a reverse merger.

Craig Taplin, founder and CEO of Aussie Soles International LLC will become the CEO of K-9, which will undertake to change its name to Aussie Soles Group Inc as a result of a shareholder action taken on the date of the closing of the transaction.

The new company, which has no revenues and nominal assets, intends to hire a management team and formally commence
operations in North America in the near future.

The combined enterprise intends to build the brand, "Aussie Soles" into a globally known brand of footwear and accessories for the fashion, surf, travel, and medical industries.

The combined enterprise intends to accomplish its objectives by designing and marketing a complete line of reasonably priced casual footwear and related accessories for all seasons, by co-branding its products with high-visibility partners, and through patent and related intellectual property protection.

K-9 Concepts Inc


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search