Wednesday September 4 3:09 PM EDT
Management Of Olympus Mills Displays Confidence In Company
FORT LAUDERDALE, Fla., Sept. 4 /PRNewswire/ -- Olympus Ventures Inc. (OTC Bulletin Board: OLPV) announced today that Gary Morgan's restructuring and aggressive business plan for Olympus Ventures, Inc. was given a major vote of confidence by the new management team, Roland Bretton, President of Olympus Mills, consulting accountant Joel Marcus, Mr. Morgan, and several other key executives agreed to work for shares in lieu of salaries. This strong commitment displayed by the management team should add to shareholder confidence.
The recent surge of incoming orders spawned by endorsements from Wal-Mart and GNC has resulted in the Nicaragua, Dominican Republic and Hialeah, Florida plants being booked to capacity until the end of July 1997.
Mr. Morgan spent the labor day weekend in Jamaica where Olympus Ventures shipping line CEA is finishing the refurbishing of their flagship "Pilar del Caribe". "By promoting the shipping line, our presence will be felt throughout the Caribbean," says Mr. Morgan. "Owning CEA gives us the competitive edge we need in the garment manufacturing business. Consistently visiting all of the major ports gives us an accurate pulse of the marketplace, which greatly influences the pace at which we want to grow. I think North America is just beginning to take advantage of the many resources available to us in the Caribbean and Central America."
Olympus Mills USA is a Hialeah, Florida based manufacturer which owns and operates knitting mills, cutting, sewing and finishing factories. They sell to only top apparel companies such as Donna Karan, Bum Equipment and retailers such as Macy's, JC Penney, Wal-Mart, Montgomery Ward, K-Mart and Target Stores. SOURCE OLYMPUS VENTURES INC.
Monday September 30 9:47 AM EDT
Olympus Announces Release Of Their Own Line
FORT LAUDERDALE, Fla., Sept. 30 /PRNewswire/ -- Olympus Ventures Inc , wholly owned subsidiary, Olympus Mills, U.S.A. is starting production of their private label children's clothing line. "Olympus Kids." The first item to launch the new label is a boy's color coordinated shorts set, with matching silk screened shorts and T-shirt, and will be available this coming spring.
The complete line of seasonal clothing for boys and girls includes fleece, knits, and denim. Pre-sales indicate a conservative projection of 1.5 to 2 million dollars in gross sales in the first half of the upcoming year, The complete line will be in retail stores no later than mid-July, 1997.
"We're really thrilled to be launching the Olympus Kids label." says Roland Bretton, President of Olympus Ventures, Inc. "The acceptance of the children's line has been absolutely phenomenal. A label designed just for kids is an exciting idea that will put Olympus Mills, U.S.A. on the map as a contender in retail market."
Olympus Ventures, Inc. is a manufacturer of knits, denims and twill woven garments with factories in Nicaragua, the Dominican Republic and Hialeah, Florida SOURCE Olympus Ventures, Inc.
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Have you folks seen these 2 PR? Seems fishy they could launch a new line while their production is at full capacity...Also the Cargo business? How many boats? what kind? |
