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Order flow at L&M RI in full swing

11
Oct '05
Los Angeles based leading publicly Trade Company Victory Capital Holdings Corporation announced its wholly owned subsidiary, L&M Resources Inc, (L&M RI) has begun to see the results from the four months of preparation and hard work since its formation. This past week, L&M has received purchase orders in excess of $200,000 from its European sales team and Private Label business with verbal commitments for additional purchase orders expected this week.

"Company have made major advances in Private Label business working with companies such as Mia Brazil, Adolfo, Golden Dry Goods, Color Guard, Xoshi and Henry Duatre. They have positioned L&M to produce programs for some of the largest mass merchants in the United States. These programs will require deliveries of 50-100k units per month in tailored suits, jeans and cashmere products," stated Martin Barrack, President of L&M. "As for overseas business concerning Linea Pelle, they have received orders from such prestigious department stores as Harvey Nichols and Selfridges and they are looking forward to the upcoming apparel shows in Berlin, Barcelona and Paris."

Luis Minkin, VP of Production, added: "The apparel business requires lead time of one to two seasons or more. The final step after months of preparation; which includes material selection, pattern alterations, sample cutting and sewing, as well as wash and shrinks factoring is the issuance of a purchase order. They are thrilled with the amount of business and commitments L&M has in the pipeline and expect to be rewarded with an ongoing flow of new purchase orders in the coming weeks."

One of the high quality provider and world wide recognized Victory Capital Holdings Corporation designed to leverage the assets of existing businesses, with proven technology and to infuse those assets with marketing, management and financial support to become the recognized leader in its space.

Victory Capital Holdings Corporation


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