very interesting here. please check:
Form 8-K for MARINE JET TECHNOLOGY CORP (mjet.ob)
28-Mar-2005
On March 24, 2005, Marine Jet Technology Corp. (the "Company"), a Nevada corporation, entered into a Letter of Intent to acquire Antik Denim, LLC, a California limited liability company ("Antik"). Antik designs, develops, markets and distributes high fashion jeans and accessories with an Old West flair under the brand name "Antik Denim". Antik's products include jeans, jackets, belts, purses and t-shirts. Antik currently sells its products in the United States, Canada, Japan and the European Union directly to department stores and boutiques and through distribution arrangements in certain foreign jurisdictions. Antik was established in September 2004, is headquartered in Commerce, California, and maintains two showrooms in New York and Los Angeles.
---
Story appeared on page 16
October 7, 2004
Blue Concepts’ Fresh Ideas
A co-founder of the Sasson jeans brand is rolling out the Antik and Taverniti So Jeans lines for early spring and has acquired the worldwide master apparel license from Elvis Presley Enterprises Inc., tapping into the craze for vintage rocker T-shirts and merchandise. Guez saw Sasson rocket to success in the late Seventies, but lost control of the brand after a bankruptcy proceeding in the late Eighties.
Guez said his firm, Blue Concepts, which operates as an incubator of fashion brands, is on track to bring in $30 million in revenues in 2004. With the new lines, sales should exceed $50 million next year.
To illustrate the power of the Elvis deal, Dolce & Gabbana had to get Guez’s approval before it presented a T-shirt of the rock legend at its fashion show last week.
Shipping in November, jeans from Antik wholesale for $79 to $160. Overall, the brand is expected to fetch $10 million to $15 million in sales its first year, Guez said.
The Elvis project offers the greatest potential, Guez said. It allows access to more than 40,000 images of the cultural icon, who died in 1977. Guez is projecting sales of $20 million to $30 million in its first year.
“All of my designers want to contribute and do something with Elvis,” Guez said.
The move is the first time Elvis Presley Enterprises has given one company jurisdiction over the entire apparel program. Some 10 to 15 current apparel licenses still exist and will be assigned to Guez, according to Carol Butler, director of worldwide licensing at Elvis Presley Enterprises.
goosemeister@hotmail.com
