IRVINE, CA -- June 25, 2024 -- InvestorsHub NewsWire
-- ECGI Holdings Inc. (OTC:
ECGI), a diversified holding company with a unique portfolio in
viticulture, hospitality and luxury fashion, is pleased to announce
that following the recent LOI to acquire 100% of Pacific Saddlery,
it’s gearing up to launch a new line of ready-to-wear equestrian
apparel under its celebrated Allon brand.
The upcoming collection will be available both online at
PacificSaddlery.com and at Pacific Saddlery's mobile
retail trailer, which will be featured at various equestrian
events. This strategic move aims to cater to the growing demand for
high-quality equestrian apparel, allowing customers to experience
the products firsthand at competitions and shows.
Additionally, Pacific Saddlery will offer this new line for
wholesale, significantly expanding its market reach. This strategic
decision opens up new avenues for the brand, allowing a broader
range of retailers to carry its high-quality equestrian apparel.
Global interest in equestrian events is elevated as France prepares
to welcome Olympic horse riders and tens of thousands of spectators
to the Paris 2024 Olympics Games this summer.
In a significant development, Pacific Saddlery has secured a
spot at the American Equestrian Trade Association (AETA)
International trade show at the Dallas Market Center in August.
This event, where the company will showcase its Allon collection at
booth 103615, is a key opportunity for Pacific Saddlery. The AETA
International trade show is renowned as the premier English
lifestyle trade event, featuring industry products from leading
manufacturers to retailers from around the globe.
Several tack stores have already expressed interest in the new
line ahead of Pacific Saddlery's appearance at the AETA show. This
early interest underscores the anticipation surrounding the launch
and the potential for widespread market acceptance.
This opportunity positions Pacific Saddlery to engage with a
broader audience of industry professionals and retailers, paving
the way for new business partnerships. The company's presence at
AETA is expected to drive significant interest and foster valuable
connections within the equestrian community.
Nick Collins, president of Pacific Saddlery, stated: "We are
thrilled by the interest our new line has already generated among
retailers. Our goal is to elevate the standard of equestrian
apparel with this collection, combining functionality with luxury.
The AETA trade show will be a fantastic platform to introduce these
exceptional products to a wider audience."
The launch comes at a time when the equestrian apparel market is
poised for substantial growth. According to projections by Global
Market Insights, the global equestrian apparel market is expected
to reach $9.7 billion by 2032, up from $6.5 billion in 2023,
representing a compound annual growth rate (CAGR) of 4%. This
expansion is driven by the rising participation in equestrian
sports.
Jamie Steigerwald, CEO of ECGI Holdings, expressed his
enthusiasm about this launch, stating: "We are excited to bring the
Allon brand's new equestrian apparel line to the market. This
launch aligns with our strategy to expand our presence in the
luxury equestrian sector and provides a platform to showcase our
innovative designs and commitment to quality."
The upcoming AETA International trade show marks a pivotal
moment for Pacific Saddlery as it aims to highlight the
craftsmanship and style of the Allon brand's new offerings. This
initiative is expected to generate significant interest and drive
growth in both retail and wholesale channels.
About ECGI
ECGI is a diversified holding company with a distinctive
portfolio encompassing viticulture and luxury fashion. The Company
owns and manages a five-acre vineyard in Lake County, California,
specializing in cultivating Petite Sirah, known for its bold and
rich character, which aligns with the growing demand for unique and
high-quality wine experiences. In the fashion sector, ECGI has
strategically invested in Pacific Saddlery, a premier manufacturer
and retailer of luxury equestrian tack, apparel and accessories.
This unique blend of wine and fashion investments reflects ECGI
Holdings' commitment to delivering sophistication and innovation
across diverse markets, positioning the Company as a distinctive
player in the intersection of technology, viticulture and luxury
lifestyle.
For additional information, please contact us at info@ecgiholdings.com.
Forward-Looking Statements
This release contains "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may also be included in other publicly available
documents issued by the Company and in oral statements made by our
officers and representatives from time to time. These
forward-looking statements are intended to provide management's
current expectations or plans for our future operating and
financial performance, based on assumptions currently believed to
be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance. Examples of forward-looking statements
include, among others, statements relating to future sales,
earnings, cash flows, results of operations, uses of cash and other
measures of financial performance.
Because forward-looking statements relate to the future, they
are subject to inherent risks, uncertainties and other factors that
may cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to, economic
conditions, changes in the laws or regulations, demand for products
and services of the Company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward-looking statements.
Any forward-looking information provided in this release should be
considered with these factors in mind. We assume no obligation to
update any forward-looking statements contained in this report.
For more information, please contact:
Jamie Steigerwald
jamie@ecgiholdings.com
SOURCE: ECGI HOLDINGS, INC.
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