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YSCO news out..===============================================================================
(PR NEWSWIRE) DJ: Yes Clothing Co. Retains OTC Financial Network to Lead I
DJ: Yes Clothing Co. Retains OTC Financial Network to Lead Investor Relations
Campaign
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--July 16, 1998--Yes Clothing Company
(OTC BB:YSCO) announced today that it has retained OTC Financial Network, a
division of OTC Communications Corp. of Needham, Massachusetts, to direct
its financial communications and shareholder relations campaign.
Under previous management, Yes Clothing Co. designed, contracted for
manufacture, and marketed a diversified line of moderately priced,
contemporary women's apparel. The Company recently underwent major
restructuring in response to the accrual of heavy debt associated with the
former business of clothing design and manufacture. The Company now licenses
the YES label to mass merchandisers and manufacturers across the country.
"We are very optimistic about the future of Yes Clothing," said Guy Anthome,
chairman and chief executive officer of Yes Clothing. "We have made
significant financial progress since the March dismissal of our bankruptcy
case and have recently entered the brand licensing and development business.
We want to share this exciting news with current shareholders and introduce
ourselves to prospective investors. While OTC Financial Network fulfills
this important task, we will pursue the solicitation of new licenses."
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Geoffrey Eiten, president of OTC Financial Network, said, "Guy Anthome is
turning Yes Clothing around. With the help of NuVen Advisors, Yes will
secure its trademark and proceed with its aggressive licensing campaign. The
Company intends to license its brand in more than 27 categories of
merchandise."
"Over the years, YES clothing has a acquired a reputation for quality and
style in the fashion industry," explained Anthome. "A great number of
manufacturers will benefit from adding the YES label to their clothing. I am
confident that we will be able to produce a license agreement every six
weeks."
OTC Financial Network, a division of OTC Communications Corporation of
Needham, Massachusetts, is a full service financial communications and
investor relations firm which specializes in the representation of emerging
micro-cap companies.
Yes Clothing Co. licenses its brand name to men's, women's, and children's
clothing manufacturers and retailers nationwide.
Forward-looking statements in this release are 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 trademark,
increased levels of competition for the Company, new clothing trends,
and other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
CONTACT: OTC Financial Network
Geoffrey Eiten, 800/218-9792, 781/444-6100
or
Yes Clothing Company
Guy Anthome, 310/285-0260
09:01 EDT JULY 16, 1998
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