Global Fashion Technologies Group, Inc Announces New Joint Venture with Pure System International LTD
July 15 2014 - 9:21AM
Global Fashion Group, Inc
(OTC: PPBL) is pleased
to announce that it has signed a Letter of Intent with Pure System
International Limited joining forces to produce and market
internationally branded
PuraVida performance
enhanced sustainable textile fiber. The Joint Venture will leverage
Pure System's patented process to produce high quality textile
fiber by the utilization of collected Smart Streams from fabric
mills and cut and sew facilities globally that are normally
discarded during the apparel production.
The Joint Venture's strategy calls for leveraging eco friendly
and nanotechnology enhanced rejuvenated fiber to improve innovative
products across multiple market categories, including apparel.
Avani Activewear (www.avaniclothing.com ) plans to introduce both
Women's and Men's high performance active apparel product with high
performance sustainable fabrics at retail for the Spring 2015. The
strategy also calls for multiple production facilities though out
the world in order to effectively and efficiently serve the
market.
Tom Witthuhn, Global's CEO, stated "We at Global Fashion
Technologies Group are thrilled to be joining forces with Joy Nunn
and Paul Serbiak from Pure System International to bring this game
changing technology to market. Pure System's revolutionary process
delivers on the promise of creating superior performance fabrics
while dramatically reducing environmental strain. The natural
synergy with Avani Activewear (www.avaniclothing.com ) makes this
union a great fit for us. That said I believe the biggest winner
will be the eco conscious consumer looking for superior active
apparel."
Pure System's Senior Executive, Joy Nunn comments " I am excited
to enter the world of apparel and performance nonwovens with Tom
and his team at Global. This new sustainable technology is centered
on revolutionary performance fibers and fabrics. "Our Joint Venture
with Avani will create valuable jobs globally, rescue scrap
formerly earmarked for landfills and give it renewed purpose, as
well as advance healing for our planet."
Paul Serbiak, Senior Executive of PURE stated, "Avani Activewear
made with PuraVida cotton fiber evokes your senses while allowing
you to perform your best: bringing the familiar comfort of
cotton together with high performance wicking and odor control.
I call it high-tech nostalgia. Because fibers made with
our patented process are rejuvenated, you can do something good for
the planet while you enjoy the performance and comfort of a garment
made with PuraVida cotton fibers."
Chris H Giordano Global's Co-Chairman commented "The partnership
with Pure System International is an example of how Global's
management is striving to make its mark by being extremely
innovative in marrying leading edge technology with apparel to
create a fabric and products with resounding qualities and true
points of distinction.
It is our anticipation that both the technology and the products
that spawn from this joint venture will set Global apart from other
companies and create shareholder value beyond what we could have
ever expected from just the sale of apparel. The next step has been
taken and we have begun site visitations for perspective production
facilities."
The parties anticipate rapid completion of the joint venture
process and expect to be fully operational within the first quarter
of 2015.
CONTACT:
Chris Giordano
chris@premiereopportunities.com
973-291-8900
Thomas Witthuhn
twitthuhn@avaniclothing.com
323-277-9090
Joy Nunn
joy@puresystemint.com
212-228-3070 ext. 101
Paul Serbiak
paul@purespt.com
212-228-3070 ext. 100