VANCOUVER, July 9, 2018 /CNW/ - RYU Apparel Inc. (TSXV: RYU)
("RYU" or the "Company"), creator of urban
athletic apparel, is pleased to announce that Canaccord Genuity
("Canaccord") has released their initiating coverage report on RYU
after being chosen as the first Canadian company to enter their
COLTS program (see press release dated, June
7, 2018).
The COLTS Program is a capital markets initiative that profiles
high growth, small-cap companies, such as RYU. The strategic
benefit of RYU's participation in the COLTS Program is to support
RYU's growth and broaden its exposure to both retail and
institutional investors.
The report is a third party, public document, authored by senior
retail analyst, Camilo Lyon and
Pallav Saini, and published by
Canaccord with RYU having no involvement in the creation of the
report. To view the report, please use the following link:
https://canaccordgenuity.bluematrix.com/sellside/EmailDocViewer?encrypt=febcd72a-de7a-409f-a92f-90bab2f93638&mime=pdf&co=Canaccordgenuity&id=CA-InternalResearchDistribution@canaccordgenuity.com&source=mail
"We are very pleased with their report as we feel their analysts
captured the essence of our company," said Marcello Leone, CEO of RYU. "This is another
validation of the efforts we are putting into creating a global
brand and taking the awareness to another level."
The agreement with Canaccord and all matters contemplated as
part of the COLTS Program are subject to the prior acceptance and
approval of the TSX Venture Exchange.
For regular updates on RYU Apparel visit: http://ryu.com
About RYU
Respect Your Universe is an award winning
urban athletic apparel and accessories brand engineered for the
fitness, performance and lifestyle of athletically minded men and
women. Innovatively designed without compromise and tailored for
fit, comfort, and durability, RYU exists to facilitate human
performance. For more information, visit: http://ryu.com
On Behalf of the Board
RYU APPAREL INC.
"Marcello
Leone"
Marcello Leone,
CEO, President and Chairman of the Board
Tel: 604-235-2880
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking information that
involve various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation
statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future
performance of the Company, such as the statement that: the
strategic benefit of RYU's participation in the COLTS Program is
to support RYU's growth and broaden its exposure to both retail and
institutional investors. There are numerous risks and uncertainties
that could cause actual results and the Company's plans and
objectives to differ materially from those expressed in the
forward-looking information, including the ability of the Company
to finance operations, the ability of the management team to
execute on its business plan, risks in the apparel industry in
general, and delays and risks associated with renovating and
opening new store locations. Actual results and future events could
differ materially from those anticipated in such information. These
and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, the Company does not intend to update
these forward-looking statements.
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SOURCE RYU Apparel Inc.