Vencor International Finalizes Negotiation With a Well-Established Apparel Brand
(firmenpresse) - LOS ANGELES, CA -- (Marketwire) -- 12/17/12 -- Vencor International, Inc. (PINKSHEETS: VCOR) is pleased to announce that it has finalized negotiations for the acquisition of a National and International Brand for cash and shares. They are well-established labels and have been in business for 40 years. The brands have longstanding and ongoing vendor relationships with many national major retailers including Nordstrom, Bloomingdale's, Macy's, Sears, JC Penney and Dillard's.
The integration of the company's operations, as well as identifying cost and sales synergies with our current managed brand 'Leisure Works,' will begin immediately.
After several years of restructuring, Vencor has completed all required fiscal and accounting reporting requirements. Vencor will announce a name change to re-brand and better reflect our new mission and direction.
Chris Kim, our new Operating Director, said, "To develop and execute the company's evolution, we are engaging a new management team to take advantage of the current and additional opportunities the company has leveraging its brand assets and tax loss carry forward of approximately $8,000,000."
The company anticipates reporting additional developments for its current and new products and projects in the near future.
Vencor International, Inc. is a diversified management and holding company dedicated to growing shareholder value. Vencor conducts business through wholly owned subsidiaries by overseeing operations, allocating resources, and managing capital structures. Vencor provides direction and assistance to its companies with acquisition and growth opportunities and also seeks out, evaluates new businesses that offer potentially attractive returns on capital.
Vencor currently conducts its operations with a focus on apparel and luxury accessories businesses.
Safe Harbor Statement
The information contained in this press release, including an "forward-looking statements" within of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the company's annual report, financial filings and other publicly available information regarding the company, copies of which are available from the company upon request. Such publicly available information sets forth many risks and uncertainties related to the Companies business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the company.
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Datum: 17.12.2012 - 11:00 Uhr
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News-ID 1180995
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