Blue Holdings, Inc. (BLUE) - 500 Beiträge pro Seite

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Profile:Blue Holdings, Inc. engages in the design, development, marketing, and distribution of fashion jeans, apparel, and accessories. Its products include jeans, jackets, belts, purses, and T-shirts. The company sells its products under the ?Antik Denim,? ?Yanuk,? ?Taverniti So,? and ?U? brands. Its products are sold in the United States, Canada, Japan, and the European Union directly to department stores and boutiques and through, distribution arrangements in certain foreign jurisdictions. The company operates two showrooms in New York and Los Angeles and a retail store in Los Angeles. Blue Holdings was founded by Paul Guez in 2004 and is headquartered in Commerce, California.

http://www.blueholdings.com/

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Blue Holdings, Inc. to License New Brand, Faith Connexion
Thursday January 18, 9:00 am ET
-- Highly Recognized Contemporary Knit Collection Added to Portfolio of Brands


COMMERCE, Calif.--(BUSINESS WIRE)--Blue Holdings, Inc. (NASDAQ:BLUE - News), a designer, manufacturer and distributor of high-end fashion jeans, apparel and accessories, today announced that it has signed a licensing agreement to further develop the highly recognized contemporary knit collection Faith Connexion, headquartered in France. The brand features stud and beaded detail, gothic lettering, and tattoo prints on hoodies, t-shirts, sweatshirts, sweatpants and hats for both men and women. Shipments of the line have already commenced to many of the top retailers including Planet Blue, Fred Segal and Kitson, and the Company has already received re-orders.

The deal will have an initial three-year term, with the first year considered to comprise 18 months, and the second year to comprise 6 months. The territories include North America (including Canada), South America, Japan and Korea, and the products are expected to be distributed to specialty boutiques and better department stores.

The agreement provides for royalty payments of 9% of all net sales in years one and two, and 9.5% of all net sales in year three, and contains minimum royalty obligations in each of those years. The licensing agreement was approved by Blue Holdings' Board of Directors and became effective on January 12, 2007.

The Faith Connexion brand will be featured at the upcoming Project Show in Las Vegas along with Blue Holdings other lifestyle brands: Antik Denim, Yanuk, Taverniti So Jeans and Life & Death.

Paul Guez, Chairman and CEO, stated, "This licensing agreement represents the addition of a fifth premier lifestyle brand to the Blue Holdings family. We are extremely privileged to introduce this brand in both the US and internationally. This deal represents a collaboration with another group of talented designers to further increase Blue Holdings' reach. The brand's distinctive style will add a new element to our collections and add diversity to our brands. We plan to continue to develop our five brands: Antik Denim, Yanuk, Taverniti So Jeans, Life & Death and Faith Connexion. We believe this multi-brand strategy is the right approach to continue to grow the Company aggressively and profitably."

About Blue Holdings, Inc.

Blue Holdings, Inc., directly and through its wholly owned subsidiaries, Antik Denim, LLC, and Taverniti So Jeans, LLC, designs, develops, manufactures, markets, distributes and sells high-end fashion jeans, apparel, and accessories under the "Antik Denim," "Yanuk," "Taverniti So Jeans," and "Life and Death" brands, both in the United States and internationally. Blue Holdings currently sells men's, women's and children's styles. Antik Denim, Yanuk, Taverniti So, and Life and Death jeans and apparel are made from high-quality fabrics milled in the United States, Japan, Italy and Spain, and are processed with cutting-edge treatments and finishes. Blue Holdings' concepts, designs, embellishments, patent-pending pockets and great attention to detail and quality give it a competitive advantage in the high-end fashion jeans market.

Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements included in this release include statements related to the profitable and aggressive growth of Blue Holdings in 2007. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as may be detailed from time to time in Blue Holdings' filings with the United States Securities and Exchange Commission. Blue Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Contact:
Blue Holdings, Inc.
Larry Jacobs, 323-725-5555
[e-mail]
or
Integrated Corporate Relations
310-954-1100
Andrew Greenebaum, [e-mail]
Patricia Dolmatsky, [e-mail]

--------------------------------------------------------------------------------
Source: Blue Holdings, Inc.

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will.i.am and Blue Holdings, Inc. Collaborate on Premium Lifestyle Denim Brand ``i.am Antik''
Tuesday May 15, 9:00 am ET


COMMERCE, Calif.--(BUSINESS WIRE)--Blue Holdings, Inc. (NASDAQ:BLUE - News), a designer, manufacturer and distributor of high-end fashion jeans, apparel and accessories, today announced that CEO of Blue Holdings, Paul Guez and world-renowned musician, producer, songwriter, designer and entrepreneur will.i.am, have entered into a collaborative partnership to create "i.am Antik", an International Premium lifestyle denim brand complementing the already successful Antik Denim Collection.
ADVERTISEMENT


i.am Antik, set to debut in August of 2007, will initially consist of a Premium Denim collection. The i.am Antik collection will be distributed in high-end specialty stores and better department stores.

will.i.am, who has designed clothing for and styled his group, the Black Eyed Peas, since their inception, attended Fashion Institute of Design in Los Angeles prior to forming the group, which has become one of the most successful pop/hip hop groups in music history. will.i.am was nominated this year for the Grammy Award for Producer of the Year, and has become one of the most sought after writer/producers in the music business, having produced for such artists as Justin Timberlake, Rolling Stones, The Game, John Legend, Fergie, Snoop Dogg, P Diddy, NAS, Mary J. Blige, Carlos Santana, Busta Rhymes, Pussy Cat Dolls, Macy Gray and 50 Cent. He also recently scored the soundtrack for the film "Freedom Writers".

will.i.am will incorporate his innovative designs and forward style sensibilities into the i.am Antik brand. His revolutionary marketing talent and unique ability to converge the worlds of music, fashion and new technology will distinguish i.am Antik from other denim brands and celebrity apparel endorsements.

"will.i.am is an amazing performer and producer and his ability to create and market a brand is without parallel. We approached will.i.am for this collaboration because, unlike most celebrities who want their own clothing lines based strictly on their celebrity, will.i.am is an actual designer with incredible passion for designing and he will be intimately involved in all aspects of the design and marketing process. We are convinced this partnership with will.i.am will greatly enhance the Antik Denim brand recognition and sales, both internationally and domestically for Blue Holdings, Inc.," says CEO of Blue Holdings, Inc. Paul Guez.

"I produce and write my own music, and the same creativity, energy and imagination I put into making music is the same creativity, energy and imagination I put into designing clothes. I am excited to collaborate with Antik to create a fresh remix of denim," says will.i.am.

"I fuse genres of music and I will fuse eras and styles of fashion. I want to launch and market the clothes in a way that has never been done, combining music and fashion. I want to design the line and score it the way a composer scores a film and tour the collection like a band will tour an album. I want to make a fresh stylistic collection that everyone wants but limited and special to keep them looking for more," says will.i.am.

About Blue Holdings, Inc.

Blue Holdings, Inc., directly and through its wholly owned subsidiaries, Antik Denim, LLC and Taverniti So Jeans, LLC, designs, develops, manufactures, markets, distributes and sells high-end fashion jeans, apparel, and accessories under the "Antik Denim," "Yanuk," "Taverniti So Jeans," and "Faith" brands, and under its joint venture "Life and Death" brand, both in the United States and internationally. Blue Holdings currently sells men's, women's and children's styles. Antik Denim, Yanuk, Taverniti So, Life and Death and Faith jeans and apparel are made from high-quality fabrics milled in the United States, Japan, Italy and Spain, and are processed with cutting-edge treatments and finishes. Blue Holdings' concepts, designs, embellishments, patent-pending pockets and great attention to detail and quality give it a competitive advantage in the high-end fashion jeans market.

About will.i.am

will.i.am is a successful producer, songwriter, entertainer, record label owner, fashion magnate and all-around creative powerhouse who recently launched his own record label, will.i.am Music, through Interscope Records. His initial roster includes Macy Gray, Fergie and Sergio Mendes. will.i.am is the founding member of the world renowned, multi-platinum Black Eyed Peas. The Black Eyed Peas are an international success story, having sold more than 17 million units worldwide and won 3 Grammy Awards, 5 American Music Awards and various other awards, including MTV Video Awards and Teen Choice Awards. The Black Eyed have performed and continue to perform in every region of the world from Asia, Latin America, Africa, Australia Canada, Russia, Japan, Europe, America--and more! As a musician and artist, will.i.am has recorded with Sergio Mendes, Carlos Santana, Erykah Badu, the Pussycat Dolls, and Busta Rhymes in addition to his celebrated work with The Black Eyed Peas. In 2006 will.i.am was nominated for six Grammy nominations including Producer of the Year, Best Urban/Alternative Performance, Best Pop Performance by a duo or group with vocal and Album of the Year. His producing credits include much of The Black Eyed Peas recordings, the theme song for the animated series Samurai Jack, and tracks for artists such as Rhymes and Nas. will.i.am's first major label solo album will be released in the fall of 2007. His "My Humps" ringtone is the best selling ringtone on record to date. will.i.am is also the Head of Marketing for Musicane (www.musicane.com) and the founder and CEO of Dipdive.com. will.i.am attended the Fashion Institute of Design in Los Angeles and has been styling and designing the clothes for the Black Eyed Peas and other artists for the last five years. will.i.am is the ultimate tastemaker and influencer of style in the entertainment industry.

Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements included in this release include statements related to the continued growth of excitement for Blue Holdings' brands. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as may be detailed from time to time in Blue Holdings' filings with the United States Securities and Exchange Commission. Blue Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Contact:
Blue Holdings, Inc.
Larry Jacobs, CFO, 323-725-5555
[e-mail]
or
The LOFT Agency
Kristi Kaylor Schwartz, 310-717-6753
[e-mail]
or
Integrated Corporate Relations
Andrew Greenebaum or Patricia Dolmatsky, 310-954-1100
[e-mail]
[e-mail]

--------------------------------------------------------------------------------
Source: Blue Holdings, Inc.

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CORRECTING and REPLACING Blue Holdings, Inc. Returns to Profitability and Reports First Quarter 2007 Financial Results
Tuesday May 15, 4:41 pm ET


COMMERCE, Calif.--(BUSINESS WIRE)--In the Condensed Consolidated Statements of Operations table, the Net income per common share, basic and diluted figure for the three months ended March 31, 2007 should read $0.005 (sted $0.05).
The corrected release reads:

BLUE HOLDINGS, INC. RETURNS TO PROFITABILITY AND REPORTS FIRST QUARTER 2007 FINANCIAL RESULTS

Blue Holdings, Inc. (NASDAQ:BLUE - News), a designer, manufacturer and distributor of high-end fashion jeans, apparel and accessories, today announced financial results for the first quarter ended March 31, 2007.

The Company continued to make significant progress in a number of critical areas during the quarter and subsequent to it including;

The creation of a brand extension of Antik Denim with pop icon and producer will.i.am of the Black Eyed Peas. This limited edition clothing line - "i.am Antik" - will be launched on August 27th at the Project Show in Las Vegas.
The signing of a license agreement between Antik Denim and Mercier SARL to manufacture, sell, market and distribute apparel and accessories for Antik throughout Europe. The license agreement provides for an upfront advance to Blue Holdings of $250,000 and aggregate royalty payments of $2.5 million for the years 2009 through 2012 assuming the license agreement is renewed at the end of 2008.
The signing of a license agreement with Max Ray, Inc. to produce and distribute handbags, belts, small leather accessories and scarves in the United States.
The signing of a license agreement to further develop the highly recognized contemporary knit collection Faith Connexion, headquartered in France.
The appointment of Scott Drake, the Company's New President of Sales and Chief Operating Officer.
The appointment of Mr. Harry Haralambus and Mr. Len Hecht as independent board members to the Company's Board of Directors.
Net sales for the first quarter of 2007 were $8.4 million, a 29% decrease from the $11.9 million reported in the prior year period. Net income for the quarter was $0.1 million versus net income of $0.7 million for the first quarter of 2006. Basic and diluted net earnings per share were $0.01 on 26.1 million weighted average shares outstanding versus net earnings of $0.03 on the same number of shares for the first quarter of 2006. Net sales and earnings for the quarter were impacted by a couple of factors, including a lack of European distribution and prior period product delays that caused some retailers to hold back orders in the first quarter. However, these production delays have been fixed and the retail partners have begun to re-establish their sales orders with the Company. Additionally, as discussed above, the Company recently announced a European licensing agreement for the Antik Denim brand.

Blue Holdings' gross profit decreased to $5.1 million in the first quarter of 2007 compared to $5.9 million in the prior year period. Gross margin increased significantly to 60.1% of net sales compared to 50.0% of net sales in the prior year period. The increase in gross margin was due to the full package system implemented for the Company's manufacturing and renewed retail interest in the Company's products, resulting in higher margins. The Company expects the gross profit to exceed 50% for the balance of the year.

Selling, distribution and administrative expenses were $4.5 million in the quarter, down from $4.6 million in the prior year period. The slight decrease in operating expenses was due to a combination of lower sales volume and the move towards outsourcing the manufacturing of products to lower cost providers, as well as going to a full package product solution.

Operating expenses, as a percentage of sales, increased to 53.6% as compared to 38.7% in the prior year period. The percentage increase was due to lower sales volume.

"We are very pleased to return to profitability this quarter, excited about our prospects in 2007, and confident in our ability to continue to successfully build the Blue Holdings' brands and execute our strategic plan," said Paul Guez, Chairman, Chief Executive Officer and President of Blue Holdings, Inc. "We continue to remain focused, committed and encouraged about the growth of our business. Recently we have made several significant announcements which should further our success and expand our strategy to seek strategic licensees for our brands. In particular, the announcements of both our European license agreement for Antik Denim with Mercier SARL as well as our brand extension for Antik with will.i.am. Both these agreements are meaningful positive developments which will help to fuel our future growth."

Balance Sheet

As of March 31, 2007, cash and equivalents approximated $164,104 plus approximately $8.6 million of factored and house accounts receivable. This compares with $109,000 in cash and equivalents plus approximately $9.0 million of factored and house accounts receivable as of December 31, 2006. The Company's working capital balance at the end of the first quarter of 2007 was $1.5 million and inventory was approximately $8.8 million compared with working capital of $1.6 million and inventory of $5.4 million on December 31, 2007.

2007 Outlook

While the Company will not be providing financial guidance, the Company is committed to improving its financial results and growing its brands in the future.

Conference Call

The Company will host a conference call to discuss its first quarter ended March 31, 2007 financial results today, May 15, 2007, at 4:30 p.m. ET.

To participate in the conference call, investors should dial 800-802-2266 ten minutes prior to the scheduled start time. International callers should dial 913-312-1270. For those investors unable to participate in the live call, a replay will be available beginning day, May 15, 2007 at 7:30 p.m. ET, through Wednesday, May 29, 2007 at midnight ET. To access the replay, dial 888-203-1112 (passcode: 8446114). International callers should dial 719-457-0820.

The call will be open to all interested investors through a live audio Web broadcast via the Internet at www.earnings.com. For those who are not available to listen to the live broadcast, the call will be archived.

About Blue Holdings, Inc.

Blue Holdings, Inc., directly and through its wholly owned subsidiaries, Antik Denim, LLC and Taverniti So Jeans, LLC, designs, develops, manufactures, markets, distributes and sells high-end fashion jeans, apparel, and accessories under the "Antik Denim," "Yanuk," "Taverniti So Jeans," and "Faith" brands, and under its joint venture "Life and Death" brand, both in the United States and internationally. Blue Holdings currently sells men's, women's and children's styles. Antik Denim, Yanuk, Taverniti So, Life and Death and Faith jeans and apparel are made from high-quality fabrics milled in the United States, Japan, Italy and Spain, and are processed with cutting-edge treatments and finishes. Blue Holdings' concepts, designs, embellishments, patent-pending pockets and great attention to detail and quality give it a competitive advantage in the high-end fashion jeans market.

Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. Examples of forward looking statements included in this release include statements regarding Blue Holdings' future financial results and the anticipated growth of its brands. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Blue Holdings' products, the introduction of new products, Blue Holdings' ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of Blue Holdings' liquidity and financial strength to support its growth, and other information that may be detailed from time to time in Blue Holdings' filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting Blue Holdings, please refer to the Company's recent Securities and Exchange filings, which are available at www.sec.gov. Blue Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

BLUE HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2007 AND DECEMBER 31, 2006

ASSETS
2007 2006
------------ ------------
(Unaudited)
Current assets:
Cash $164,104 $109,031
Due from factor, net of reserves of $0
and $178,801, respectively 17,276 1,366,588
Accounts receivable, net of reserves of
$1,169,330 and $901,941 respectively: -
- Purchased by factor with recourse 8,535,383 7,662,198
- Others 176,299 19,312
Inventories, net of reserves of
$1,289,508 and $1,742,893 respectively 8,805,701 5,394,006
Income taxes receivable 2,053,235 2,030,919
Deferred income taxes 2,199,467 2,488,082
Prepaid expenses and other current assets 688,381 396,810
------------ ------------
Total current assets 22,639,846 19,466,946

Deferred income taxes 453,972 -
Property and equipment, less accumulated
depreciation 1,564,191 1,611,171
------------ ------------
Total assets $24,658,009 $21,078,117
============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Bank overdraft $412,682 $266,788
Accounts payable 3,575,144 2,820,024
Short-term borrowings 12,420,272 10,026,814
Due to related parties 630,865 710,153
Advances from majority shareholder 2,051,896 1,876,991
Current portion of liability for
unrecognized tax benefits 145,568 -
Accrued expenses and other current
liabilities 1,869,294 2,133,932
------------ ------------
Total current liabilities 21,105,721 17,834,702

Non-current portion of liability for
unrecognized tax benefits 170,884 -
------------ ------------
Total liabilities 21,276,605 17,834,702

Stockholders' equity:
Common stock $0.001 par value,
75,000,000 shares authorized,
26,057,200 shares issued and outstanding 26,057 26,057
Additional paid-in capital 5,017,110 4,964,091
Accumulated deficit (1,661,763) (1,746,733)
------------ ------------
Total stockholders' equity 3,381,404 3,243,415
------------ ------------
Total liabilities and stockholders' equity $24,658,009 $21,078,117
============ ============

BLUE HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006



2007 2006
----------- ------------

Net sales $8,440,222 $11,877,879

Cost of goods sold 3,367,761 5,928,616
----------- ------------

Gross profit 5,072,461 5,949,263

Selling, distribution & administrative
expenses 4,520,568 4,600,407
----------- ------------

Income before other expenses and provision
for income taxes 551,893 1,348,856

Other expenses - Interest expense 338,144 171,313
----------- ------------

Income before provision for income taxes 213,749 1,177,543

Provision for income taxes 96,491 497,367
----------- ------------

Net income $117,258 $680,176
=========== ============

Net income per common share, basic and
diluted $ 0.005 $0.03
=========== ============

Weighted average shares outstanding, basic
and diluted 26,057,200 26,057,200
=========== ============




Contact:
Blue Holdings, Inc.
Larry Jacobs, CFO 323-725-5555
[e-mail]
or
Integrated Corporate Relations
310-954-1100
Andrew Greenebaum
[e-mail]
or
Patricia Dolmatsky
[e-mail]

--------------------------------------------------------------------------------
Source: Blue Holdings, Inc.

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volumen zieht langsam an...

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Paris Hilton


Wearing Antik Denim




Paris Hilton is seen wearing Antik Denim's Embroidered Bootcut Jeans in Dirty Denim Blue.

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http://iamclothing.net/

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werde mir heute ein paar ins depot legen

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gehen die pLeite oder was?

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