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The Fashion House sign long-term contract over counter market

07
Sep '05
The Fashion House Inc, a growing women's shoe company that embodies ultra-feminine sexiness under high profile designer brands including Richard Tyler Couture, tyler. Richard Tyler, O Oscar by Oscar de la Renta and Oscar by Oscar de la Renta.

The long-term agreements with Richard Tyler and Oscar de la Renta are exclusive to The Fashion House on a global basis and encompass all women's shoe categories. Through these exclusive licensing arrangements, The Fashion House brings designer footwear to the women who walk the red carpet and to those who aspire to. The Company sells its shoe lines to major department stores, direct marketing companies, and specialty footwear and apparel retailers.

The acquisition was effected through a Reverse Share Exchange Agreement ("reverse merger") whereby The Fashion House became a wholly-owned subsidiary of TDI and the former shareholders of The Fashion House were issued a controlling interest in TDI.

In addition, all of the officers and directors of TDI resigned and the officers and directors of The Fashion House were appointed to take their place. The acquisition took place on August 19, 2005, and the reverse split and name change took effect with the NASD on August 30, 2005. In connection with the acquisition, the Company changed its name to The Fashion House Holdings Inc, affected a reverse split of its outstanding shares on a 21.8 to one basis, and obtained a new ticker symbol. Concurrent with the closing of theacquisition, the Company raised over $2,500,000 in gross proceeds pursuant to a private placement of its common stock (less commissions and fees).


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