Followers | 0 |
Posts | 118 |
Boards Moderated | 0 |
Alias Born | 02/05/2014 |
Tuesday, July 15, 2014 9:30:50 AM
Global Fashion Technologies Group, Inc Announces New Joint Venture with Pure System International LTD
Kinnelon, NJ, July 15, 2014 (GLOBE NEWSWIRE) -- Global Fashion Group, Inc (OTC: PPBL) is pleased to announce that it has signed a Letter of Intent with Pure System International Limited joining forces to produce and market internationally branded PuraVida performance enhanced sustainable textile fiber. The Joint Venture will leverage Pure System's patented process to produce high quality textile fiber by the utilization of collected Smart Streams from fabric mills and cut and sew facilities globally that are normally discarded during the apparel production.
The Joint Venture's strategy calls for leveraging eco friendly and nanotechnology enhanced rejuvenated fiber to improve innovative products across multiple market categories, including apparel. Avani Activewear (www.avaniclothing.com ) plans to introduce both Women's and Men's high performance active apparel product with high performance sustainable fabrics at retail for the Spring 2015. The strategy also calls for multiple production facilities though out the world in order to effectively and efficiently serve the market.
Tom Witthuhn, Global's CEO, stated "We at Global Fashion Technologies Group are thrilled to be joining forces with Joy Nunn and Paul Serbiak from Pure System International to bring this game changing technology to market. Pure System's revolutionary process delivers on the promise of creating superior performance fabrics while dramatically reducing environmental strain. The natural synergy with Avani Activewear (www.avaniclothing.com ) makes this union a great fit for us. That said I believe the biggest winner will be the eco conscious consumer looking for superior active apparel."
Pure System's Senior Executive, Joy Nunn comments " I am excited to enter the world of apparel and performance nonwovens with Tom and his team at Global. This new sustainable technology is centered on revolutionary performance fibers and fabrics. "Our Joint Venture with Avani will create valuable jobs globally, rescue scrap formerly earmarked for landfills and give it renewed purpose, as well as advance healing for our planet."
Paul Serbiak, Senior Executive of PURE stated, "Avani Activewear made with PuraVida cotton fiber evokes your senses while allowing you to perform your best: bringing the familiar comfort of cotton together with high performance wicking and odor control. I call it high-tech nostalgia. Because fibers made with our patented process are rejuvenated, you can do something good for the planet while you enjoy the performance and comfort of a garment made with PuraVida cotton fibers."
Chris H Giordano Global's Co-Chairman commented "The partnership with Pure System International is an example of how Global's management is striving to make its mark by being extremely innovative in marrying leading edge technology with apparel to create a fabric and products with resounding qualities and true points of distinction.
It is our anticipation that both the technology and the products that spawn from this joint venture will set Global apart from other companies and create shareholder value beyond what we could have ever expected from just the sale of apparel. The next step has been taken and we have begun site visitations for perspective production facilities."
The parties anticipate rapid completion of the joint venture process and expect to be fully operational within the first quarter of 2015.
CONTACT:
Chris Giordano
chris@premiereopportunities.com
973-291-8900
Thomas Witthuhn
twitthuhn@avaniclothing.com
323-277-9090
Joy Nunn
joy@puresystemint.com
212-228-3070 ext. 101
Paul Serbiak
paul@purespt.com
212-228-3070 ext. 100
Recent AHRO News
- Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • InvestorsHub NewsWire • 04/16/2024 05:30:00 PM
- Maybacks Global Partners with WiseDV in Launching iDreamCTV: A Next-Generation Streaming Platform • InvestorsHub NewsWire • 04/08/2024 12:30:00 PM
- Maybacks Global Signs Agreements with World's Largest Digital Ad Agencies • InvestorsHub NewsWire • 04/04/2024 12:30:00 PM
- Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • InvestorsHub NewsWire • 03/27/2024 01:00:00 PM
- Former SONY Music SVP of Merchandising Joins Authentic Heroes Team • InvestorsHub NewsWire • 03/20/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 01:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 06:38:13 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/15/2024 05:22:56 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 06:08:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 06:34:45 PM
- MAYBACKS AND LOCAL BTV EXPAND AD SHARE AGREEMENT INTO 65 MARKETS • InvestorsHub NewsWire • 08/29/2023 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:28:13 PM
- Maybacks Global Entertainment Signs 5 Year Ad Share Agreement with Didja Inc. • InvestorsHub NewsWire • 08/03/2023 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2023 12:47:39 PM
- Authentic Holdings Completes Acquisition of Goliath Motion Pictures Promotions for $5.3 million • InvestorsHub NewsWire • 06/20/2023 12:20:12 PM
- Authentic Holdings Inc. Releases Management Update and 2023 Outlook • InvestorsHub NewsWire • 05/10/2023 01:00:00 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM