SANTA MONICA, Calif.,
June 6, 2014 /PRNewswire/
-- BOLDFACE Group, Inc. (OTCQB: BLBK), a celebrity beauty
licensing company focused on top tier entertainment and designer
brands for opportunities in the beauty, bath and fragrance markets,
announced the resolution of its trademark litigation, which was
previously reported in the Company's Annual Report on Form 10-K
filed with the SEC on October 15,
2013.
"The settlement of the trademark litigation allows the Company
to continue moving forward with the growth of Kardashian Beauty™.
We are pleased that this matter has been resolved," said
John LaBonty, the Chief Executive
Officer and President of Boldface.
BOLDFACE Group, Inc., Boldface Licensing + Branding, By
Lee Tillett, Inc., and the other
parties to the trademark litigation, have agreed to resolve all
disputes and have dismissed the litigation.
"The legal resolution of this matter is another step in the
financial turnaround of the Company. We have previously reserved
for this settlement and are looking forward to focusing on the
growth of Kardashian Beauty™," stated Ashumi Shippee, the Chief
Financial Officer of Boldface.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About BOLDFACE
BOLDFACE is a Santa Monica,
California based celebrity beauty licensing company founded
in 2012. BOLDFACE sells cosmetics and beauty products under the
Kardashian Beauty™ brand, and will sell fragrance and men's
grooming products by Mario Lopez and
beauty and personal care products by UGLYDOLL™. Please visit
www.boldfacegroup.com for further information.
Safe Harbor Statement
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
as that term is defined in the Private Securities Litigation Reform
Act of 1995. Any forward-looking statements contained herein are
based on current expectations, but are subject to a number of risks
and uncertainties. The factors that could cause actual future
results to differ materially from current expectations include, but
are not limited to, risks and uncertainties relating to the
availability of additional funding; and the Company's business,
product development, marketing and distribution plans and
strategies. These and other factors are identified and described in
more detail in the Company's filings with the U.S. Securities and
Exchange Commission, including the Company's Current Reports on
Form 8-K. The Company does not undertake to update these
forward-looking statements.
Website: http://www.boldfacegroup.com
Logo: http://photos.prnewswire.com/prnh/20130715/LA46982LOGO
SOURCE BOLDFACE Group, Inc.