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VANCOUVER, July 11, 2017 /CNW/ - Peekaboo Beans Inc. (TSX.V:
BEAN; OTCBB: PBBSF) ("Peekaboo Beans" or the
"Company") is honoured to have outfitted the Prime Minister
of Canada's children for
Canada's 150th
Birthday.
The Prime Minister's office asked Peekaboo Beans to exclusively
design apparel for Prime Minster Justin Trudeau and Sophie Grégoire
Trudeau's three children whose ages range from three to nine for
Canada Day celebrations. The children
were photographed in Peekaboo Beans clothing with Prince Charles, Bono and the Edge from the band
U2 during the Canada Day festivities
held in Ottawa on July 1st, 2017. Please go to the
link below for media pictures.
"Peekaboo Bean's over 1,200 Stylists who sell our children's
apparel were very excited about this opportunity and it reinforces
Peekaboo Beans as a leading brand of Canadian children's apparel",
stated Ms. Traci Costa, CEO of
Peekaboo. "I sincerely wish to thank Sophie Grégoire Trudeau for
her support of Canadian fashion and socially impactful companies
like Peekaboo Beans", added Ms. Costa.
Peekaboo Beans expects that sales for the quarter ending
June 30, 2017 (unaudited) will result
in the Company's strongest third quarter sales in its eleven-year
history. The anticipated third quarter growth is a result of
the addition of new Stylists and the maturation of existing
Stylists as a result of the Company's training
initiatives.
Additionally, the Company has increased its Stylist count by 64%
to over 1,200 Stylists by the end the third quarter, compared to
the previous year. The Company attributes the increased recruitment
of Stylists to the successful "Facebook Live" events that the
Company held during recent months and which generated over 30,000
views by existing and potential Stylists. In addition,
Peekaboo Beans expects to realize a significant improvement in
margin for the quarter ending June 30,
2017, compared to the same period last year.
Moving forward into Q4, Peekaboo Beans is mobilizing its U.S.
expansion efforts and is excited to launch its Back-to-School
collection in July, which historically generates the highest
engagement from Stylists and customers.
The Company is holding its inaugural quarterly conference call
on August 30, 2017 to discuss third
quarter results and to provide an update on the Company's expansion
into the U.S.
Media link:
http://www.peekaboobeans.com/homeSite/MediaKit.aspx
About Peekaboo Beans
Peekaboo Beans Inc. is a direct-sales retailer of high-quality,
ethically manufactured children's apparel sold exclusively through
its direct-sales representative network or Stylists. Our children
apparel is environmental and socially consciously manufactured and
promotes the importance of playtime over screen time, through
thoughtful designs and custom developed fabrics. Through the
direct-sales model, we train parents to be entrepreneurs, build a
business and generate income on their own terms.
Peekaboo Beans has 11,016,424 Common Shares and 4,817,187
warrants outstanding as of July 11,
2017.
www.peekaboobeans.com.
Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may include forward-looking information
that is subject to risks and uncertainties. All statements within,
other than statements of historical fact, are to be considered
forward-looking, including statements with respect to the Company's
expansion to the U.S., third quarter financial results, sales
figures and recruitment, transition and training of Stylists.
Although the Company believes the expectations expressed in such
forward-looking information are based on reasonable assumptions,
such information is not a guarantee of future performance and
actual results or developments may differ materially from those
contained in forward-looking information. Factors that could cause
actual results to differ materially from those in forward-looking
information include market prices, successes of the operations of
the Company, continued availability of capital and financing,
general economic, market or business conditions and those risks
contained in the Company's filing statement dated August 29, 2016, a copy of which is available on
SEDAR at www.sedar.com. There can be no assurances that such
information will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. The Company
does not assume any obligation to update any forward-looking
information except as required under the applicable securities
laws.
SOURCE Peekaboo Beans Inc.