***News***
GARFIELD!
biz.yahoo.com
Innovo Group Inc. Receives Garfield Licensing Rights in the U.S. And Canada
KNOXVILLE, Tenn., April 6 /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, Dollar General, Profitt's, Goody's and Fabri-Center, announced today that the Company has obtained the rights to the Garfield license in the U.S. and Canada from Paws Inc.
The Company's Garfield product line will include backpacks, trolley backpacks, duffle bags, tote bags, lunch bags and more. The products will be sold to mass retailers and via the E-nnovo Online Store located at www.innovogroup.com . The Company has already received commitments from new customers for Garfield products.
Jay Furrow, V.P. of Corporate Development, stated that ''we are pleased to have successfully obtained the Garfield license and we are also pleased with the immediate interest the license has generated. The Garfield license compliments our existing licenses very well and it also broadens our customer base due to the broad appeal of Garfield to young adults and children. The Garfield products will be available in retail stores and on The E-nnovo Online Store in the very near future.''
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.
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.
SOURCE: Innovo Group Inc. |
