NEW YORK--(BUSINESS WIRE)--Aug. 12, 1997--Pivot Rules Inc. (NASDAQ:PVTR, PVTRW/BSE:PVR,PVRW) announced today that it has signed a licensing agreement with Royal Sporting House Pte Limited to market Pivot Rules branded sportswear in Hong Kong.
Royal Sporting House is an operator of 250 retail sporting goods and fashion stores worldwide.
Royal Sporting House already distributes Pivot Rules sportswear in Singapore, Malaysia, Indonesia, and Brunei. Pivot Rules awarded the licensee the exclusive rights to the important Hong Kong market in view of Royal Sporting House's increasing presence in the Far East.
Kenneth Seiff, chief executive officer of Pivot Rules, said, "Hong Kong has been and continues to be the premier retailing area of the world, and its consumers are among the most sophisticated in the world. Pivot Rules prides itself on its innovative product and cutting edge styling, and we are confident the product will be well received by the Hong Kong consumer." He added, "We will continue to take advantage of the opportunities to expand worldwide and in the United States."
The company also has a worldwide representation agreement with International Merchandising Corp. (IMC), a member company of International Management Group (IMG), under which IMC has been retained as the company's sole and exclusive agent to identify, qualify and negotiate with prospective international licensing partners.
Pivot Rules Inc. designs, sources and markets a full collection of fun and innovative golf lifestyle sportswear for men under the Pivot Rules brand name. Its line of apparel and accessories, made distinctive with the company's "Three Golfer" logo, is sold nationally in department stores, specialty stores, sporting good chains and catalog retailers. -0- This press release contains statements of a forward-looking nature relating to future events. Shareholders are cautioned that such statements are predictions and that actual events or results may differ significantly.
This release is available on the KCSA Public Relations website at www.kcsa.com.
CONTACT: Pivot Rules Inc.
Ken Seiff
Meena Bhatia
212/944-8000 ext. 25/31
or
KCSA
Joseph A. Mansi
Leslie A. Schupak
212/682-6300 ext. 205/207