Real American Brands Management Focused on Growing Company and Adding Shareholder Value
July 20 2010 - 4:59PM
Marketwired
Real American Brands (PINKSHEETS: RLAB) is taking steps to expand
its core business and is also on target for growing its new lines
of business. Previously, the Company announced plans to launch a
Fragrance and Cleaning Line division, in addition to forming a
business venture to create a new stream of revenue in markets
outside the US, predominantly in the Pacific Rim.
According to CEO, Doug Newton, "RLAB's foremost goal is to
create additional shareholder value, and to help accomplish same,
we are seeking to purchase two outstanding debentures in order to
enhance our balance sheet and reduce the potential number of
outstanding shares.
Our stated objected is not to increase our issued and
outstanding share base, presently at 165 million, to no more than
190 million, while the maximum number of shares in the float in the
coming year will most likely be between 65 and 90 million, with the
remaining 100 million in restricted 144 shares.
Newton said the company also is in talks with two Investment
Banking Consulting firms and will make a selection shortly so
management has the capital resources to help enhance the balance
sheet and to provide potential sources of funds to finance growth
and make purchases and mergers with other real American brands.
"In our last press release" Newton concluded "we promised to
update shareholders on the downward volatility of RLAB's share
price that occurred on July 2 when over 9 million shares were
traded. In working closely with our transfer agent, and available
data such as DTC and NOBO lists and equally reliable FINRA SHO
short sale data, we have determined that RLAB was the victim of
well over 5 million in short sales that day. As to next steps,
Newton said he will be reporting back to shareholders soon on any
measures RLAB can or should take to address the short selling
phenomenon.
About Real American Brands
RLAB's focus (www.realamericanbrands.com) is to support brands
whose origins celebrate America's unique culture, heritage and way
of life. RLAB owns intellectual property rights, including US
trademarks "Born & Bred in the USA"® , "Billy Martin's" ® --
the 32 year old western lifestyle brand and all licensing and
franchise rights (founded by Newton and Billy Martin in 1978)
located at Trump Plaza in New York City -- "Lasso", "Lariat" and
"Riata" (the Spanish word for lasso) and "Green Blues" ®, the name
of the company's new proposed eco-friendly blue jean brand.
Forward-Looking Statements Statements about RLAB's future
expectations, including future revenues and earnings, and all other
statements in this news release other than historical facts are
"forward-looking statements." Since these statements involve risks
and uncertainties and are subject to change at any time, the
company's actual results may differ materially from the company's
plans if its assumptions prove to be incorrect or for a variety of
other reasons.
Contact: Doug Newton info@RealAmericanBrands.com
BillyMartins@gmail.com 1034 Third Avenue @ Trump Plaza New York, NY
10065 212-861-3100 310-289-5000 (LA) 760-413-5000 (CA)
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