Billy Martin's Boutique Closing in NYC After 32 Years
March 04 2011 - 3:24PM
Marketwired
Doug Newton, CEO of Real American Brands, Inc. (PINKSHEETS: RLAB)
and co-founder of the Billy Martin's western lifestyle boutique,
owned by RLAB, announced today the company's decision to close its
western store which has operated in New York City on an
uninterrupted basis for the last 32 years. Newton said, "The
closing is a result of several factors, but the bottom line is that
our bottom line was not in the black." Newton said, "This does not
mean we will not reopen in New York and/or other locales in the
future. Our parent company continues to own all retail and
wholesale licensing and franchise rights to the brand, plus a track
record going back over three decades in which we can take great
pride."
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 760-324-6834
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