Lyric Jeans Inc is pleased to provide its shareholders with a year-end report reviewing the company's progress and advances over the last 10 months. In less than one year Lyric Jeans has accomplished its objectives in developing and launching its premium lifestyle brand Lyric Culture.
"I am more enthusiastic about Lyric Culture than any other venture I've ever undertaken in my life," said Hanna Rochelle Schmieder, President of Lyric Jeans Inc. "In a very short period of time, we've built the foundation for music and fashion powerhouse that will take the world by storm," she continued.
"We have the best music partners in the world and a tremendous team of graphic artists, designers, patternmakers and manufacturers who together under HANNA's direction are breaking ground with truly outside the box thinking in terms of both design and marketing," said Ronny Halperin, CEO of Lyric Jeans. "In the new year, we look forward to taking the steps toward becoming a fully reporting company and building Lyric Culture into a household brand name," he added.
In 2006 Lyric Jeans Inc:
-- Forged strategic partnerships and entered into licensing agreements with the world's largest and most prominent music publishers including Universal Music Publishing Group, Warner Chappell, Sony/ATV, BMG, EMI, Peermusic, Chrysalis and Cherry Lane Music Group
-- Opened a Los Angeles-based design studio and corporate office
--Engaged the garment industry's leading contractors to manufacture its product including American Garment Sewing, Inkworks Studio, Fashion Connection and Caravan.