Vitamin Blue, Inc. (VTMB) Enters Marijuana Market via Hemp/Organic Clothing Line
June 10 2013 - 4:15PM
Marketwired
Vitamin Blue, Inc. (OTCQB: VTMB) today announced its New Business
Plan that calls for new business and growth in the Hemp/Organic
clothing line. In addition to its current operations, the Company
has formed new partnerships with various hemp/organic suppliers
that may transform into strategic and acquisition candidates.
Management has scheduled several site visits and meetings with
potential joint venture and acquisition candidates in the next few
days to discuss moving forward plans and strategies on how they
could fit into our strategic model. Several strong candidates came
to mind and with the right timing and commitment, there will be an
announcement shortly.
Organic clothing is produced from materials that fit a number of
criteria. First, the textiles must be cultivated humanely, with
minimal impact on the environment. Also, all raw materials must be
raised without chemical fertilizers or aids of any sort. GMO
(genetically modified) seed is absolutely forbidden, as are harmful
pesticides and herbicides. Growers have to be certified by a
third-party organization and are regularly inspected to make
certain that they're up to national and industry standards.
The Size of the Organic Clothing Market:
The Organic Trade Association states, "In 2006, organic fiber
linens and clothing sales in the United States grew by 26 percent
over the previous year, to reach $203 million, according to the...
2007 Manufacturer Survey." The organic clothing market started out
very small but has now expanded to include
(http://www.ehow.com/about_5371160_organic-clothing-information.html)
designer fashion, fashion tee shirts, denim, shoes and accessories.
There is also a bustling market for men's and children's fashion,
with a niche market in cloth diapers and organic infant wear.
"We are pleased to catapult our next business level by entering
the hemp/organic clothing market," stated Frank Ornelas, Chief
Executive Officer. "Currently, we're in negotiation with a couple
hemp/organic suppliers for our first orders and we hope to have an
announcement immediately on this and other initiatives."
About Vitamin Blue, Inc. (http://www.vitaminblue.com/):
Vitamin Blue designs, develops, produces and distributes water
boardsports apparel, accessories and related products. Founded in
1999, the Costa Mesa, California based company is part of the
consumer goods sector and nondurables industry.
Forward Looking Statements:
This press release contains forward looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Any statements made in this press release that are not
statements of historical fact, including statements about our
beliefs and expectations, are forward looking statements. Forward
looking statements include information concerning possible or
assumed future results of operations, including descriptions of our
business plans and strategies. Although we believe that these
forward looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those expressed in the forward looking
statements, including, without limitation, the factors described
under "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" of our Securities
and Exchange Commission filings.
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