People’s Liberation, Inc. Announces Name Change to Sequential Brands Group, Inc., New Ticker Symbol
27 March 2012 - 12:00AM
Business Wire
People’s Liberation, Inc. (the “Company”) announced today that
it has changed its corporate name to Sequential Brands Group, Inc.
and that in connection with its name change, the Company’s common
stock will now trade under the ticker symbol SQBG on the OTCQB
market. The name change reflects the transition of the Company’s
business from a traditional operating apparel company to a brand
management and licensing business. Today, the Company owns two
brands, William Rast® and People’s Liberation®, and has licensed
and intends to license these brands in a variety of categories to
retailers, wholesalers and distributors in the United States and in
certain international territories.
Colin Dyne, CEO of People’s Liberation, stated, “Our new
corporate name, Sequential Brands Group, reflects our primary goal
of building a diversified portfolio of brands across multiple
consumer segments including apparel, home furnishing, sporting
goods, electronics, packaged goods, food, and beverage. We plan to
identify, source and acquire recognized brands that can be licensed
to third party operators in their respective industries and
sectors, as well as develop strategic alliances with retailers
worldwide. We intend to leverage our expertise in marketing,
merchandising, and brand building to add value to our brands and
network.”
About Sequential Brands Group, Inc.
Sequential Brands Group, Inc. owns, promotes, markets, and
licenses a portfolio of consumer brands that presently include
William Rast® and People’s Liberation®. The Company insures that
its brands continue to thrive and grow by employing strong brand
management, design, and marketing teams. The Company has licensed
and intends to license its brands in a variety of categories to
retailers, wholesalers and distributors in the United States and in
certain international territories. For investor information please
visit the Company’s corporate web site at
http://www.sequentialbrands.com.
Forward-Looking Statements
Except for historical information contained herein, the
statements in this release are forward-looking and made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are inherently
unreliable and actual results may differ materially. Examples of
forward looking statements in this news release include statements
regarding the Company’s plans to grow its current brands and
acquire and exploit a portfolio of new brands across a wide range
of consumer product categories. Factors which could cause actual
results to differ materially from these forward-looking statements
include the Company’s ability to identify and acquire brands, the
Company’s ability to license new and existing brands to third party
retailers, distributors and manufacturers on terms acceptable to
the Company, the Company's ability to develop and maintain
strategic business relationships for its brands, the impact of
competitive products and pricing, growth in targeted markets, the
adequacy of the Company's liquidity and financial strength to
support its growth, and other information that may be detailed from
time to time in the Company's filings with the United States
Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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