VANCOUVER, BC, Feb. 18, 2021 /CNW/ - RYU Apparel
Inc. (TSXV: RYU) (OTCQB: RYPPF) (FWB: RYAA) ("RYU" or
the "Company"), a creator of award-winning urban
athletic apparel, is pleased to announce it has engaged
Minneapolis based, Oak Ridge
Financial, ("Oak Ridge") member of member of FINRA and SIPC,
to support the company's investor relations and financial markets
communication strategy.
Oak Ridge Financial will work closely with RYU management and
Investor Relations team to develop and champion a market strategy
designed to increase RYU's visibility throughout the investment
community. With a strategic focus on the U.S., Oak Ridge Financial
has fostered a reputation as a premier boutique resource for
institutional investors, brokers, analysts and private investors.
They will be advising the Company in all facets of corporate and
financial communications, including the coordination of roadshows
and investment conferences across key cities as well as building
RYU brand awareness among those investors interested in the
company.
Russell King, CEO of Oak Ridge
Financial stated, "Oak Ridge is thrilled to partner with RYU. We
feel their award winning urban athletic apparel brand and recent
management additions provide the company with a foundation
necessary to execute on their strategy and we look forward to
working with the RYU team."
Cesare Fazari, Chairman and CEO,
commented, "We are excited to be working with Oak Ridge Financial.
They have an incredible track record in the Capital markets and
demonstrate once again that our Company engages in key
partnerships. We believe that this advisership with Oak Ridge
Financial will support our existing shareholders with enhanced
liquidity as well as expand our universe of potential investors and
shareholders in the U.S."
Terms of Advisory Agreement
The term of this Agreement will run for twelve (12) months from
the date of this letter and may be extended by mutual consent of
the parties (the "Term") on an annual basis. A monthly advisory fee
of $4,000, payable upon the first day
of every month, for the twelve (12) months of this Agreement.
About RYU Apparel
RYU Apparel (TSXV:RYU, OTCQB:RYPPF, FWB: RYAA), or Respect Your
Universe, is an award winning urban athletic apparel and
accessories brand engineered for the fitness, performance and
lifestyle of the athletic man and woman. Designed without
compromise for fit, comfort, and durability, RYU exists to
facilitate optimal human performance. For more information,
please visit the RYU website at: http://ryu.com.
About Oak Ridge Financial
The Oak Ridge Financial Services Group, Inc., based in
Golden Valley, Minn., has been
creating, managing and protecting wealth for its clients since
1977. Oak Ridge is a full-service financial services firm providing
private client and investment banking services to individual,
institutional and corporate customers. Its Private Client
Services Group serves thousands of clients across the U.S. Its
services include stock and bond trading, investment management,
estate planning, wealth management and insurance. The Oak Ridge
Financial investment banking practice includes the Equity Capital
Markets, Structured Finance, and Financial Institutions.
Collectively, these groups provide capital raising, mergers and
acquisitions and financial advisory services to public and private
companies. Oak Ridge Financial is a member of FINRA and SIPC. For
more information, visit http://www.oakridgefinancial.com/.
Neither the TSX Venture Exchange Inc. nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this press release.
Forward-Looking Statements Disclaimer
This news release contains forward-looking information that
involves 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 RYU, such as statements regarding the development
and implementation of a complete capital market strategy designed
to increase RYU's visibility throughout the investment community,
the investor relations providers deploying their
best-in-class platforms to communicate a compelling value
proposition of RYU, the campaign highlighting the renewal of
the RYU brand and subsequent successes under the leadership of its
new CEO, that RYU is on a clear path to positive cash flow
operations, the implementation of a comprehensive investor
relations strategy, the enhancement of the awareness of RYU within
the investment community, that the Company will obtain the
anticipated support for its trading market on the Exchange, enhance
its liquidity, and expand its reach to potential investors and
shareholders in the U.S. There are numerous risks and uncertainties
that could cause actual results and RYU's plans and objectives to
differ materially from those expressed in the forward-looking
information, including those arising from the COVID-19 pandemic or
otherwise, and which may result in the inability to develop and/or
implement a comprehensive investor relations strategy and/or
enhancement of RYU awareness with the investment community,
including any capital market strategy, the investor relations
providers failing to deploy their best-in-class
platforms or to otherwise communicate any compelling value
proposition of RYU, the failure of the campaign to highlight
renewal of the RYU brand and subsequent successes under the its new
CEO, the possibility that RYU does not achieve positive cash flow
operations and that the Company's trading market is not supported
as anticipated or at all, the possibility that RYU does not receive
the anticipated support for its trading market on the Exchange,
enhance its liquidity, or expand its reach to potential investors
and shareholders in the U.S. Except as required by law, RYU does
not intend to update these forward-looking
statements.
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SOURCE RYU Apparel Inc.