SUFFER Signs Multi Million Dollar Trade Mark Licensing and Distribution LOI in China
25 5월 2011 - 12:23AM
Marketwired
SUFFER (PINKSHEETS: SUFF)
-- Suffer today announced that the company has signed a
Letter of Intent with a China based Manufacturer and Distributor
with anticipated values in the millions of dollars.
Joseph Lewis, President of Suffer, stated, "The Company has been
accepting orders in China for some time, and the UFC recently
announced during their summit that they are spending money to
promote the sport there. As China's economy continues to grow leaps
and bounds we want to be part of it. MMA is very popular
there."
Suffer is presently working with several retailers to arrange a
product tour featuring its fight team including Frank Mir. The
company expects the tour to take place sometime in the fourth
quarter of 2011.
Some of the Terms of the LOI call for Suffer to allow the China
based Manufacturer and Distributor the use of trademark rights
related to Apparel and Fight Gear. Suffer still designs the Apparel
in the United States, but the actual manufacturing and distribution
would take place in Mainland China. Suffer will retain a percentage
of the Gross Sales Revenue, and agrees to provide access to its
athletes such as Frank Mir and Robert Drysdale.
- Suffer's Projected Annual Revenues from the China Based
Company
- Use of Trademark associated with apparel (T-Shirts, Hoodies,
Hats, etc)
- $30,000,000 in projected Sales -- $3,000,000 Suffers
Anticipated Retained Percentage
- Use of Trademark associated with approved Fight Gear
- $5,000,000 in projected Sales -- $500,000 Suffers Anticipated
Retained Percentage
Other SUFFER News The company has recently
updated OTCMarkets. Please visit OTCMARKETS.COM to view out latest
financial report.
The Company has recently updated its website. Please Visit
www.sufferapparel.com
About SUFFER Suffer is engaged in the
Design, Manufacture and Distribution of fine Men's and Women's
Apparel related to MMA (Mixed Martial Arts). The Company also
produces a line of Fight Gear and Media related to MMA. Currently
its products are sold online on its website www.sufferapparel.com
and retail outlets such as Gold's Gym. The company has been
pursuing international expansion in areas such as South America,
Canada, and Asia.
Safe Harbor Statement: This release
includes forward-looking statements intended to qualify for the
safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as SUFFER (SUFF) or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
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Ophir Resources (CE) (USOTC:SUFF)
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Ophir Resources (CE) (USOTC:SUFF)
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