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Thursday, 07/15/2004 12:38:12 PM

Thursday, July 15, 2004 12:38:12 PM

Post# of 15402
In for some GLVP on this news...Look at previous pr's, some nice well known clients.


Gluv Corp. Enters Into a Licensing Agreement
Thursday July 15, 11:00 am ET


RINGGOLD, Ga., July 15 /PRNewswire-FirstCall/ -- Gluv Corp. (OTC Pink Sheets: GLVP - News), a leading leather goods manufacturer and distributor, is pleased to announce the completion of a transaction with Knight Johnson Technologies, Inc. in which Knight Johnson has been granted a license to certain of Gluv Corp.'s technology. As a part of the transaction, Gluv Corp. is reacquiring 36 million shares of its common stock from Knight Johnson. Additionally, Knight Johnson has agreed to assume certain corporate debt/obligations.
According to Lanier M. Davenport, Sr., who replaces Jonathan P. Hoover as the Chairman and President, "I am excited about the opportunity to lead this company in the coming years. Our management team has one simple goal: to build shareholder value. The result of this transaction is a substantial reduction in total shares outstanding from approximately 92 million to 56 million and a reduction in outstanding debt of more than $400,000. Within 30 days, we anticipate relocating our corporate offices to the Atlanta, Georgia metro area. The new management team views the ongoing relationship with Knight Johnson as a key element to our future success in marketing specialty sports products. They are expert manufacturers and our agreement with them allows us the opportunity to market these products without the traditional financial burden associated with manufacturing and warehousing these types of inventory."

About Gluv Corp. and its subsidiaries

Gluv® has been developing, marketing and distributing its patented, premium products throughout North America and Western Europe since 1998. All products feature the finest Bisconte® leather. Its current product line includes leather jackets, leather bags, and patented gloves for golf, baseball, softball, football, driving, aviation and mechanics. All products can be customized with almost any logo. For the latest stock quote on GLVP, simply click-on http://www.pinksheets.com/quote/quote.jsp?symbol=glvp .

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Gluv Corp., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward-looking statements: This press release and other statements by Gluv Corp. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could" and other similar wording.

Contact: Bob Collard, Public Relations
Select Equities Consultants, Inc.
407-304-4701
rcollard@selectequitiescorp.net




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Source: Gluv Corp.




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