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Bella Rose & Versatile Entertainment finishes transaction with Century Pacific

26
Nov '05
Bella Rose, LLC and Versatile Entertainment Inc announced they have completed exchange transaction with Century Pacific Financial Corporation.

Bella Rose was formed in May of 2005, to design, develop, market, distribute and sell high-end fashion jeans, casual wear, and other apparel under the brand name "William Rast."

The William Rast clothing line is a joint venture between Bella Rose and a company controlled by Justin Timberlake.

Versatile was formed in April 2001, to design, develop, market, distribute and sell high-end fashion jeans, knits, apparel and accessories and began selling apparel under the brand name "People's Liberation" in July 2004.

Effective as of the closing of the exchange transaction, Bella Rose and Versatile became wholly owned subsidiaries of Century.

As a result of the closing, the historical business operations of Bella Rose and Versatile will comprise Century's principal business operations going forward.

Click here for more details

Prior to the closing of the Exchange Agreement, Century was a public "shell" company with nominal assets whose sole business was to identify, evaluate and investigate various companies to acquire or with which to merge.

Effective as of the closing, Century, through its wholly owned subsidiaries Bella Rose LLC and Versatile Entertainment Inc, designs, develops, markets, distributes and sells high-end fashion jeans, apparel and accessories under the "People's Liberation" and "William Rast" brands, both in the United States and internationally.

Century Pacific Financial Corporation


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