Premiere Issues Shareholder Communication and updated Mission Statement.
November 15 2013 - 10:51AM
At the request of several shareholders we would like to update our
current state of business affairs and clarify our corporate goals
for 2014 and beyond.
The year 2013 has brought many things to bear from tremendous
opportunity to the substantial paring down of the liabilities
inherited from the old company to the point where in early 2014 we
expect Premiere to be free of all the old debt and also to be more
profitable than expected.
We have been successful in launching two silos of opportunity
this past year. The first is in the apparel supply arena and
the second is in the advisory services arena.
In the apparel arena we have substantiated a foot print into
both Korea and Mainland China with our Joint Venture brand known as
CABE Studio www.cabestudio.com .
With CABE we are supplying a full line of classic but high end
American fashion as well as a seasonal grouping of extremely high
quality cashmere products for the winter which is being met with
solid demand.
We are also in the process of delivering our first orders of the
Jones NY line into both Korea and Mainland China this month and it
is our anticipation that this stalwart American brand which is
synonymous with both style and value will be readily received by
the SE Asian shopper.
Our Jane Elissa www.janeelissa.com line is being developed at
this time for delivery into a US based group of retail clothing
stores before the year is out and we will hopefully be in a
position to announce the relationship shortly.
Chris Giordano Premiere's Chairman stated "We are extremely
excited by this line of products since Jane Elissa is highly
distinctive and set apart from mainstream fashion. We were
encouraged to see that in the past Jane had placed 1500 of her NY
Skyline denim jackets on QVC at $79.00 and sold all of them inside
5 minutes. This is a tremendous acceptance barometer since QVC is
an excellent cross section of varying demographics and buying
power. We expect to announce further developments with this brand
in both US and overseas markets in the very near future.
We see a very profitable 2014 so far with what is our low risk
strategy of entering the apparel markets both here and overseas. We
have very little overhead with the exception of production. Our net
margins are running in the 25% arena and we are planning the future
of this company by not only creating a profitable company but we
are going to start discussions with a to be hired CEO in 2014 that
has had tremendous success running large public apparel
companies.
With this success we feel that we are approaching a juncture
where it is going to become necessary to divest our ownership in
the Trident Merchant Group, Inc and distribute that ownership to
our shareholders in order to separate the apparel division from the
advisory division.
Divesting our ownership in Trident will allow shareholders to
get the maximum "market value" for their ownership in Premiere by
owning common stock in both companies. Henceforth, we will be
filing an S-1 in early 2014 on Trident Merchant Group in order to
establish a public market for its shares. From that point Trident
Merchant Group, Inc will distribute shares in all of its holdings
in Direct Led, Inc., Flex Fuel Technologies, Inc., and Hispanica
Delights of America, Inc.
We hope this communication clarifies both where we are and where
we expect to be in 2014 and beyond. We thank our shareholders for
their patience and loyalty throughout the past several years and
look forward to the future with tremendous encouragement."
CONTACT: Chris H Giordano
973-291-8900
Chris@premiereopportunities.com