Premiere Opportunities Group, Inc Announces Expansion of CABE Studio brand into Korea
12 December 2013 - 2:02AM
Totowa, NJ, Premiere Opportunities Group, Inc (OTCQB: PPBL)
www.premiereopportunities.com announces that Hyundai Department
Stores http://www.ehyundai.com/newPortal/eng/index.jsp and Lotte
Department Stores
http://www.lotte.co.kr/eng/02_bussiness/circulation.jsp will
be driving the expansion of the CABE Studio line of clothing into
Korea and subsequently Mainland China.
Chris Giordano Premiere's Chairman stated "The CABE Studio line
www.cabestudio.com with its high end classic American appeal is
garnering tremendous success with the upscale Korean female
shoppers. Our store count is going to increase to 8 stores from 2
stores initially which will be a tremendous boost to our sales and
profitability.
We could generate close to $800,000 in potential sales with just
2 stores in just these few short months the line has become
available which started this past November. Expanding the store
count by four should obviously increase our sales and earnings in a
dramatic fashion as well as increase our footprint and brand
awareness tremendously.
Continuing to expand the store count for the CABE Studio line
aggressively is our goal. We expect to expand beyond the 8 stores
in conjunction with the solid relationships we maintain with both
Hyundai and Lotte Department Stores whom both have sponsored
tremendous goodwill around this line of clothing
I see a very profitable 2014 so far with what is our low risk
strategy of entering the apparel markets both here and overseas. We
have very little overhead with the exception of production since
management is taking no salaries and our S G&A will remain
practically non existent with the exception of legal and
accounting.
Our company continues to remain committed to creating
shareholder value and by sacrificing salaries for the potential of
increasing shareholder value substantially we should maintain
pre-tax margins in the 20-25% arena.
We are looking forward to 2014 with zeal as we continue
expanding our ability to attract other joint venture partners due
to our ability to successfully distribute designer clothing into a
market deluged with demand for our products as well as the
discretionary capital available to purchase them.
Premiere is in late stage discussions with two world renowned
brands looking for us to distribute their clothing into SE Asia and
Mainland China and we expect to be in a position to elaborate on
those potential relationships very shortly.
CONTACT: CONTACT: Chris H Giordano
973-291-8900
Chris@premiereopportunities.com