2008-08-05 10:17:00
OmniaLuo Continues Its Growth Trajectory and Boosts Retail Store Count to 219
OmniaLuo opens 9 retail stores in July
Retail store count increases 19% in first seven months of 2008
SHENZHEN, China–(EMWNews)–OmniaLuo, Inc. (“OmniaLuo”
or the “Company”)
(OTCBB: OLOU), a China-based company engaged in the business of
designing, developing, marketing and distributing fine women’s
apparel under the brand name OMNIALUO, today announced that it opened
nine new stores in July. Of the nine new stores, two were independent
distributor stores, five were co-owned stores and two were self-owned
stores. In addition to these new store openings, OmniaLuo also entered
into contracts with four new independent distributors for stores to be
opened by year-end 2008. The addition of the July store openings
increases OmniaLuo’s retail store count to 219
throughout China. The retail network consists of:
-
28 company-owned stores
-
44 co-owned stores
-
147 independent distributor stores (the highest margin of the three
store types)
“We are extremely pleased with our continued
growth,” stated Ms. Cindy Luo, Chairwoman and
CEO. “With 219 retail stores throughout
China, we are already 88% of the way to our goal of at least 250 retail
stores by year-end 2008,” added Ms. Luo.
About OmniaLuo, Inc.
OmniaLuo, Inc. (ir.omnialuo.com),
based in China’s fashion capital of Shenzhen,
is in the business of designing, developing, marketing and distributing
fine women’s apparel under the brand name
OMNIALUO. OMNIALUO’s apparel embodies
elegance, femininity and sophistication for China’s
rapidly growing class of urban and affluent female professionals. With
its rapid and strategic expansion plan, OMNIALUO plans to increase its
retail presence to more than 250 retail stores and distributor
relationships by year end 2008. Under the leadership of Cindy Luo, the
Company’s founder and award winning chief
designer, OMNIALUO is positioned to become the Chinese brand equivalent
of Donna Karan or Ann Taylor
OmniaLuo Investor Resources
Women’s Wear Daily Article: http://files.shareholder.com/downloads/OMNIL/339558900x0x208009/
dbf4305a-c147-4ea7-9ec6-bdbbdbab15aa/OLOU%20-%20Women’s%20Wear%20Daily _%20June%202008.pdf
Fact Sheet: http://ir.omnialuo.com/common/download/download.cfm?companyid=OMNIL&
fileid=131139&filekey=87e893bc-ed11-41a4-8b67-27be27cea326&filename=
omnialuo-factsheet.pdf
Presentation: http://ir.omnialuo.com/common/download/download.cfm?companyid=OMNIL&
fileid=131141&filekey=f4882e6d-92d8-4edd-8317-629373480048&filename=
omnialuo-presentation.pdf
Video: http://ir.omnialuo.com/video/omnialuo.cfm
(Due to their length, these URLs may need to be copied/pasted into your
Internet browser’s address field. Remove extra spaces if they exist.)
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, including
statements that include the words “believes,” “expects,” “anticipates,”
or similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause the
actual results, performance, or achievements of the Company to differ
materially from those expressed or implied by such forward-looking
statements. Factors that may affect these forward-looking statements
include, among others, our dependency on our chief executive officer,
principal stockholder and chief designer, our sensitivity to economic
conditions and consumer spending in China, competition in our industry,
our ability to effectively manage our growth, our ability to raise
capital in the future, changes in China’s
economic or political situation, and other factors set forth in our
Annual Report on Form 10-KSB filed with the United States Securities and
Exchange Commission or otherwise set forth from time to time in our
other public filings. This news release speaks as of the date first set
forth above and the Company assumes no responsibility to update the
information included herein for events occurring after the date of this
news release.
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