Tatyana Designs Completes $1.5 Million Convertible Note Financing
April 21 2014 - 9:00AM
Tatyana Designs, Inc. (the "Company") (OTC
Pink:TATD), a growing designer, manufacturer and retailer of
vintage inspired contemporary designs, today announced the closing
of $1.5 of convertible note financing. Retail veteran Sam
Battistone has also been appointed to the Board of Directors as
part of a strategic planning and consulting role.
Mr. Battistone was the founder and served as Chairman of
publicly traded Dreams Inc. from 1982 until its sale in 2012. He
served as its President until November 1998. Dreams Inc. developed
the retail chain of Field of Dreams stores and was a national
distributor of sports licensed products through their FansEdge
brand. He was the principal owner, founder and served as Chairman
and Governor of the New Orleans Jazz and Utah Jazz of the National
Basketball Association (NBA) from 1974 to 1986. He was a founding
director and shareholder of Sambo's Restaurants, Inc. and served in
the positions of President, Chief Executive Officer, Vice-Chairman
and Chairman from 1967 to 1979. During that period, Sambo's grew
from a regional operation of 59 restaurants to a national chain of
more than 1,100 units in 47 states. From 1971 to 1973, he served on
the Board of Directors of the National Restaurant Association.
"We are very pleased with the confidence in our business
represented by this investment in our future growth," said Jan
Glaser, co-CEO and treasurer of Tatyana Designs, Inc. "We are also
delighted that Sam Battistone has joined our Board of Directors
bringing substantial retail experience including managing internet,
brick and mortar and catalogue operations. His background and
experience is directly relevant to our growing national
operations."
"Tatyana and Jan have created a strong national foundation and
branding for an extensive omni-channel retailing experience," said
Battistone. "I am excited to join the board and look forward to
sharing my internet marketing relationships and experience to focus
on accelerating revenue growth."
The Company intends to apply the proceeds to grow its e-commerce
division, build a robust mobile app platform and provide general
working capital for continued growth. The Company recently
announced two consecutive years of greater than 40% sales
growth.
About the Company - Based in Las Vegas, Nevada,
Tatyana Designs, Inc. is a growing retailer specializing in
contemporary designs inspired by the 1940's and 50's – the "Golden
Age" of fashion. The Company owns significant trademark and license
rights. The merchandise offered through the chain of retail
boutiques, e-commerce and wholesale divisions offer a diverse mix
of high-quality and attractively priced apparel, jewelry,
accessories and gifts. The Company's boutiques and e-commerce
target the 18-35 year-old, fashion conscious female customer, but
women of all ages are attracted to the unique retro inspired, yet
modern, look. New product styles are presented monthly. For more
information on the company please visit the Web site at
www.tatyanadesigns.com.
Cautionary note on forward-looking statements:
Certain statements in this release are "forward-looking
statements" made pursuant to the safe-harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements reflect the Company's current
expectations or beliefs concerning future events and are subject to
various risks and uncertainties that may cause actual results to
differ materially from those that we expected, including: the costs
and effects of our rebranding and related disputes including
current litigation; possible adverse changes in general economic
conditions and their impact on consumer confidence and spending;
possible inability to predict and respond in a timely manner to
changes in consumer demand; possible loss of key management or
inability to attract and retain the talent required for our
business; possible inability to maintain and enhance our brands;
possible inability to successfully implement our growth strategies
or manage our growing business; possible inability to successfully
open new boutiques and expand e-commerce business as planned; and
possible inability to sustain levels of comparable-boutique sales.
For a discussion of these and other risks and uncertainties
that could cause actual results to differ materially from those
contained in our forward-looking statements, please refer to the
Company's most recent public corporate documents and risk factors
discussed therein (www.otcmarkets.com/stock/TATD/filings). We
undertake no obligation to publicly update or revise any
forward-looking statement. Future results may differ materially
from the Company's current expectations.
CONTACT: Jan Glaser
702.458.1632 Ext 5
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