Omni Ventures (OMVE) Announces Expansion Into $91 Billion Luxury Asian Markets to Establish PRVCY Couture as an International...
June 28 2012 - 3:01AM
Omni Ventures, Inc. (OTCQB:OMVE), a leader in consumer brands and
owner of PRVCY Couture, Inc., is pleased to announce that it has
begun expanding its PRVCY Couture brand to key Asian Markets in
order to capitalize on huge consumer growth segments experienced in
luxury markets.
The Company has begun target marketing efforts to segments
within the luxury markets in China, and intends to launch an
e-commerce website by the end of 2012 in Chinese while also
developing partnerships for fulfillment centers in Asia. With
300,000 millionaires and climbing, China is on pace to become the
world's second-biggest buyer of luxury goods by 2015.
The site will feature the PRVCY Couture "Made in Hollywood"
brand targeting the Chinese luxury retail market which has almost
tripled in value in the last five years. Major luxury names such as
Burberry, Armani, PPR, LVMH, Richemont, Polo Ralph Lauren, Hermes,
Prada, Bulgari and Christian Dior are fast becoming well-known
brands in Asia, and Omni intends to capitalize on the double digit
projected growth.
Affluent consumers are returning to premium brands, and those
with newfound wealth are discovering them for the first time with
forecasts that the market will grow 65% between 2010 and 2015 in
the overall Asian luxury market with a projected value of $91
Billion by 2020.
Newly appointed fashion industry guru, Deepak Ramchandani, who
is the Chief Executive Officer of Omni Ventures, noted that,
"Research has indicated that luxury goods look set to be the
fastest growing consumer category in China over the next five
years, with a 25% compound annual growth rate against general
consumption at 11%. Given rising incomes and supportive social
factors, Chinese customers are to account for 44% of global luxury
sales by 2020 implying a market size of USD$91 billion by
2020. And exciting to the PRVCY Couture brand is that Chinese
demand is expected to account for 44% of the global luxury goods
market."
About Omni Ventures
Omni Ventures, Inc. is the owner of PRVCY Couture, Inc.,
the casual couture apparel and accessories design, manufacturing
and distribution company (www.prvcypremium.com) with the "Made in
Hollywood" brand. The Company is in various stages of
developing several related projects in the fields of consumer goods
design, manufacturing and distribution as well as consumer
services. For more info, please visit www.omve.net
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, such as statements relating to financial results and plans
for future development activities, and are thus prospective.
Forward-looking statements include all statements that are not
statements of historical fact regarding intent, belief or current
expectations of the Company, its directors or its officers.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control. Actual results may differ materially from those projected
in the forward-looking statements. Among the factors that could
cause actual results to differ materially from those indicated in
the forward-looking statements are risks and uncertainties
associated with the Company's business and finances in general,
including the ability to continue and manage its growth,
competition, global economic conditions and other factors discussed
in detail in the Company's periodic filings with the Security and
Exchange Commission. You should carefully review the information
disclosed within the section entitled "Risk Factors" contained in
the Company's Current Report on Form 10Q/A filed on February 15,
2012, as well as the information contained in this release, when
assessing the Company and its business. The Company undertakes no
obligation to update any forward-looking statements.
CONTACT: Investor Relations:
investor.relations@omve.net
913-693-8073
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