Avitar, Inc. JV Agreement With Johnnie's Famous Shoes Update
August 05 2010 - 9:30AM
Marketwired
Avitar, Inc. (PINKSHEETS: AVTI) is pleased to announce that its
Joint Venture with Johnnie's Famous Shoes, Inc. ("Johnnie's") of
New York is proceeding on target with product currently in
production in Mexico and is expected to be shipped to stores
sometime between August 30 and September 15th, 2010.
Doran Santiago Ramos, Johnnies head of sales and marketing
stated, "The run is almost sold out and the product will be
available at various high end stores such as Nordstrom, LACA,
Marine Corp Exchange, Rolo, Sears MX, M. Fredric, Metro, Ink Well,
Proud Art, and Crush on Collage.
Ramos further stated that, "Interest in the Johnnie's products
has been significant. Johnnie's is now adding a women's line called
'Bre' this fall as well as an accessory line including man bags,
wallets, belts, money clips, shoe brushes, shoe horns and Johnnie's
Famous Shoe Polish."
Avitar is in discussions with Johnnie's regarding additional
investments and extension of its Joint Venture to include some or
all of these new opportunities.
About Avitar, Inc.:
Avitar, Inc. is a publicly traded holding company now focusing
on investing in and building a network of joint venture interests
or, as the situation may require, operating subsidiaries. These
joint ventures or subsidiaries are or will be engaged in various
innovative businesses. Currently the company's joint venture
interest with Johnnie's Famous Shoes, Inc. provides Avitar with its
entry into its new business model.
This Press Release contains or incorporates by reference forward
looking statements including certain information with respect to
plans and strategies of Avitar, Inc. For this purpose, any
statements contained herein or incorporated herein by references
that are not statements of historical fact may be deemed forward
looking statements. Without limiting the foregoing, the words
"believes," "suggests," "anticipates," "plans," "expects," and
similar expressions are intended to identify forward looking
statements. There are a number of events or actual results of
Avitar, Inc. operations that could differ materially from those
indicated by such forward looking statements.
Contact: Cory Gelmon 310.909-3830
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