HJWL plans to utilize capital for marketing & brand-building

18 Aug '05

3 min read

The Company also has the right to redeem the Warrants for $0.10 per Warrant Share covered by the Warrants if the Shares trade on the OTC Electronic Bulletin Board or similar market above $11.00 per share for 20 consecutive trading days based upon the closing bid price for the Shares for each trading day (the "Redemption Right"), provided, however, that the Warrant Shares have been registered with the Securities and Exchange Commission and provided further that the Warrants may not be redeemed for 18 months.

Once the Redemption Right vests, the Company has the right, but not the obligation, to redeem the Warrants for $0.10 per Warrant Share covered by the Warrants upon 30 days written notice to the holders of the Warrants.

The securities were offered and sold by the Company to accredited investors in reliance on Section 506 of Regulation D of the Securities Act of 1933, as amended.

The Company engaged Laidlaw & Company (UK) Ltd. as its exclusive agent for the Placement.

House of Taylor Jewelry Inc is founded by principal shareholders that are beneficially owned by Dame Elizabeth Taylor, Kathy Ireland and members of the Abramov families. The Company designs, markets and sells branded jewelry lines under licenses granted by entities beneficially owned by Dame Elizabeth Taylor and Kathy Ireland Worldwide.

House of Taylor Jewelry Inc

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