Total Apparel Group, Inc. Announces Deal with DC Brands
NEW YORK, June 6, 2013 /PRNewswire/ -- Total Apparel
Group, Inc. (Pink Sheets: TLAG, hereinafter the "Company")
announces that it has assigned its' minority interest in Village
Tea Company Distribution, Inc., the owner of the Village Tea
Company brand of premium loose leaf tea and tea accessories to DC
Brands International, Inc., (HRDN) the owner of the H.A.R.D.
Nutrition, label of functional water systems and nutritional
supplements. The Company believes that this transaction will
benefit the long term goals of both Village Tea Company and Total
Apparel Group, as it seeks to address short term needs as a part of
a major restructuring process that it will undergo over the next
several months.
In lieu of this transaction the company will continue to shift
its' focus from being exclusively involved in licensing and
distribution in the apparel and accessory sector, as the company
continues to seek additional opportunities to expand its
acquisition model, with a primary focus on a broad range of
consumer products categories. The company has identified several
potential opportunities, and will continue its due diligence of
each of these opportunities, while also focusing on the
re-structuring efforts that will enable the company to properly
implement and execute its acquisition
strategy.
About Total Apparel Group, Inc.
Total Apparel Group, Inc. (OTC Pink: TLAG)
(www.totalapparelgroup.com) is a licensing, distribution and
merchandising company focused on bringing national and
international consumer product brands to the North American
marketplace through acquisitions, strategic partnerships, joint
venture, licensing and distribution agreements.
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications, which may arise, could prevent the prompt
implementation of any strategically significant plan(s) outlined
above.
SOURCE Total Apparel Group, Inc.