This this is the same Robert D. Bonnell?
>>>>>>>>>>>
Looks like Y-Brands (Macys) signs contract with TLEI:
Total Luxury Group Subsidiary Y-Brands, Inc. Receives Orders From Macy's for Fall '07
Total Luxury Group, Inc. (OTCBB: TLEI) announced today that at least two Macy's divisions of Federated Department Stores, one of America's premier national retailers, have placed orders for its Y-Brands subsidiaries' new Type-Y label for back to school and fall 2007 deliveries.
"Federated is a very important customer and we are excited about the opportunity to develop a strategic business partnership with one of the key retailers in the industry. We have developed the Type-Y label specifically for the department store customer and it is reassuring to know that our designs, fabrications and colors are right on point," said David Berkman, president of Y-Brands, Inc. "We've designed Type-Y as a fashion-forward young men's line that will appeal to the clientele of moderate-to-better department and specialty stores."
Federated Department Stores, Inc. operates more than 850 retail stores in 45 states, the District of Columbia, Guam and Puerto Rico. There are nine retail divisions including: Bloomingdale's, Macy's East, Macy's Florida, Macy's Midwest, Macy's North, Macy's Northwest, Macy's South, Macy's West, & Macy's.com.
Dustin Jones, assistant buyer for young men's Macy's East, states, "We are excited about bringing in this trend right product. Type-Y's Fall '07 assortment has hit upon two of the key fashion trends that we have identified."
Under three distinct labels, Type-Y, Y-Chrome and YMLA, Y-Brands offers fashion-forward young men's items such as tees, hoodies, fleece, woven and knit shirts with over dye washes, patches and flocking with price points that range from $34 to $78 at retail. The line is considered "premium fashion Americanized" and it will be sold in stores such as Macy's, Bon-Ton, Carson's, Dillard's and Hot Topic. Please call (646) 254-6177 or visit www.ybrandsinc.com for more information.
About Total Luxury Group, Inc.
Total Luxury Group, Inc., which currently holds a distributorship agreement for MCM, AG, has been seeking additional opportunities within the consumer products industry, for acquisition of companies that have a proven management team, and desirable products or services. In July of 2006, Total Luxury Group, Inc. acquired International Apparel Group, Inc., an apparel holding company that, through its subsidiary companies, manufactures and sells apparel to major retailers and distributors around the world. In addition, the company has entered into licensing agreements for the marks Y-Chrome, Type-Y, YMLA, Cabral and GC by Cabral.
The Company previously announced a restructuring plan that will include the spin-off of its apparel operations including its subsidiary International Apparel Group, Inc., and the registration of its shares for trading as a separate public company. Under the plan, shareholders of record on the record date of the spin-off will, in addition to their current holdings, become shareholders of the new public company.
Company President Robert D. Bonnell previously stated, "Since we are now pursuing two different business models in two different industries, we think this plan is the most viable way to maximize shareholder value."
Although the Company has not yet set a record date for the spin-off, it has announced that it will immediately begin to investigate the legal and other requirements for the restructuring, including compliance with the relevant state, federal and SEC rules and regulations. The Company is advised that the restructuring and registration process could take as long as 6 - 12 months or more before completion, based on the legal requirements for shareholder, state and federal approval, SEC approval and SEC effectiveness. The record date will be set and announced in accordance with the corporate laws of Indiana and the Company's by-laws.
Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve substantial risks and uncertainties. When used in this press release and in any documents incorporated by reference herein, the words "expects," "will" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of management and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive, and other factors affecting the Company and its operations; and other risk factors. TLEI cautions that the foregoing factors are not exclusive. TLEI assumes no obligation to update the information contained in this press release.
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Company Contact:
Total Luxury Group, Inc.
11900 Biscayne Blvd.
Suite 620
Miami, FL 33181
Janon Costley
(305) 892-6744 ext. 11
Source: Market Wire (April 3, 2007 - 6:28 PM EDT)
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