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Total Apparel announces new business platform
26 Nov '08
2 min read
Total Apparel Group Inc has announced that effective as of October 28, 2008, it has completed a 30-1 reverse stock split and will now trade under the, symbol TLAG (Pink sheets). Trading under this new symbol on the pink sheets, the Company intends to immediately proceed with and build upon its newly developed and finely tuned business strategy.
In deploying this new strategy, Total Apparel Group immediately intends to expand its position in the branded apparel, footwear and accessories sectors, focusing on modern and fashionable lifestyle, active-wear and sportswear by adding to its product line a collection of market-leading, well known national and international registered trademarks.
The Company will increase the value of its trademarks and brands by expanding their product line and market positions through a network of tested and strong licensees, distributors as well as through planned Company-owned and operated retail outlets. The Company's new strategy also includes several critical management changes which the Company considers advantageous to its new strategy.
“By re-focusing and clearly defining our business platform, we are confident in our ability to significantly reduce our fixed costs and overhead and significantly increase the profitability of all of our operating divisions,” explained CEO Janon Costley.
The company is diligently and successfully employing its new strategy, including the development and negotiation of several exciting new ventures. The Company also plans to sell, license or eliminate certain product lines that do not contribute to the Company's newly developed strategy or which do not significantly contribute to the Company's profits.
Please be on the look out for exciting new developments from TLAG over the course of the next several months.
In July of 2006, Total Apparel Group Inc (formerly Total Luxury Group Inc) acquired International Apparel Group, Inc., an apparel holding company.
In deploying this new strategy, Total Apparel Group immediately intends to expand its position in the branded apparel, footwear and accessories sectors, focusing on modern and fashionable lifestyle, active-wear and sportswear by adding to its product line a collection of market-leading, well known national and international registered trademarks.
The Company will increase the value of its trademarks and brands by expanding their product line and market positions through a network of tested and strong licensees, distributors as well as through planned Company-owned and operated retail outlets. The Company's new strategy also includes several critical management changes which the Company considers advantageous to its new strategy.
“By re-focusing and clearly defining our business platform, we are confident in our ability to significantly reduce our fixed costs and overhead and significantly increase the profitability of all of our operating divisions,” explained CEO Janon Costley.
The company is diligently and successfully employing its new strategy, including the development and negotiation of several exciting new ventures. The Company also plans to sell, license or eliminate certain product lines that do not contribute to the Company's newly developed strategy or which do not significantly contribute to the Company's profits.
Please be on the look out for exciting new developments from TLAG over the course of the next several months.
In July of 2006, Total Apparel Group Inc (formerly Total Luxury Group Inc) acquired International Apparel Group, Inc., an apparel holding company.
Total Apparel Group Inc
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