Just in case there is someone out there who cares, Innovo released news (I guess you could call it news) today:
biz.yahoo.com
Tuesday August 3, 8:45 am Eastern Time
Company Press Release
SOURCE: Innovo Group Inc.
Innovo's Early Decisions Put it Out Front on Issue Of Clear Backpacks for School Safety
KNOXVILLE, Tenn., Aug. 3 /PRNewswire/ -- INNOVO GROUP INC. (Nasdaq: INNO - news), a manufacturer and supplier to national and international retailers, including Wal-Mart, K-Mart, Michael's, Hobby Lobby, Target, CVS, Walgreens, Dollar General, Profitt's, Goody's and Fabri-Center, announced today national school safety concerns are intersecting with Innovo's development of clear backpacks and other bags used by students in America's schools. Given the time required to put a product in circulation, Innovo has found itself out in front of this new and previously uncharted area of school safety.
Originally created as a unique product and a tool to assist parents in monitoring their children's activities, the clear bags, which are being marketed under the Company's EXPOSED(TM) label, are gaining nationwide attention as a safety measure to increase school security. The EXPOSED(TM) product line, which includes backpacks, tote bags, waistpacks, club bags and more, is available at retailers across the country and at the Company's online store located at www.thebagstore.com .
''Clear backpacks initially were a new and different product we thought students and parents would find interesting,'' said Jay Furrow, Vice President of Innovo. ''Now these products are playing a significant role in the efforts by parents and school systems to provide safer schools. As is evident by the number of orders we are receiving, there is tremendous demand for our EXPOSED(TM) products from all parts of the country. With the quality of the EXPOSED(TM) product line and the Company's ability to fill the orders received in a timely fashion, Innovo has positioned itself as a leader in this new product category.''
Innovo Group Inc. designs, markets, manufactures and distributes fashion and sports licensed nylon and canvas products for the multi-billion dollar crafts industry and retail sector in the United States and Europe. Under licensing agreements, the Company's sports lines feature the designs of the NBA, NFL, Major League Baseball, NHL, numerous collegiate teams, Walt Disney and Warner Brothers. Innovo also has certain exclusive and non-exclusive manufacturing and distribution rights for NASCAR licensed products through its relationship with Fan Fueler, a division of Action Performance Companies, Inc.
This press release may contain forward-looking statements made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's product, product demand, competition, capital adequacies, access to additional capital if required and other risks and uncertainties detailed from time to time in the Company's periodic reports including Quarterly Reports on form 10-Q and Annual Reports on form 10-K.
Listed: Nasdaq SmallCap Exchange
Trading Symbol: INNO
SOURCE: Innovo Group Inc. |
