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Joe's Jeans Inc. (the "Company")
/ * quotes/comstock/15! Joezer / quotes / nls / Joezer (Joezer 1.93, 0.01,
0.52%) announced today that it has opened its fourteenth store in Santa Monica, California.
The store is located at the newly renovated Santa Monica Place from Third Street
Promenade and Santa Monica Pier, a destination for the collection and shops,
restaurants and entertainment for tourists and locals.
Marc Crossman, President and CEO,
commented: "We are delighted to open our fourteenth store brand primarily
in our own home in time for the holiday shopping season back to school."
Crossman continued, "We believe this store, its location and loyal
customers in Southern California following, will be a showcase for our jeans
and new product classifications, such as T, pants and shirt, and quickly become
one of our better stores. "
About true religion jeans Inc.
Joe's Jeans Inc. designs, produces and
sells apparel and related products clothing to retail markets and the premium
on Joe (R) and related marks. More information is available on the website of
the company in www.joesjeans.com.
This release contains forward-looking
statements within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. The matters discussed in
this document involved estimates, projections, objectives, expectations,
assumptions, risks and uncertainties that could cause actual results or
outcomes to differ materially from those expressed in forward-looking
statements. All statements in this press release that are not purely historical
facts are forward-looking statements, including statements containing the words
"intends," "believes," "estimate,"
"projects," "expects" or similar expressions. Any
forward-looking statement in itself involves risks and uncertainties that could
cause actual results to differ materially from forward-looking statements.
Factors that could cause or contribute to such differences include, but are not
limited to: the risk that the company does not measure success in fashion
trends and changing customer preferences, the risk that changes in general
economic conditions, consumer confidence or spending patterns of consumers will
a negative impact on the financial performance of the Company or strategies,
the highly competitive nature of business of the Company in the United States
and internationally and its dependence on patterns of consumer spending, which
are influenced by many other factors, the company's ability to respond to the
business environment and fashion trends, the acceptance of (R) Joe brand in the
marketplace, successful implementation of any growth or strategic plans,
effective inventory management; the company's ability to maintain access to
concessional sources sufficient liquidity to fund ongoing cash needs of its
operations, which access may be affected by a number of factors including the
reduced availability of credit in general and the substantial tightening of
credit markets, including loans from financial institutions, which are the
sources of credit to the Company, the recent increase in the cost of capital,
the level of cash flows of the company, which will be affected by the level of
consumer spending and retailer and consumer acceptance of its products, the
ability to generate operating cash flow, competitive factors, including the
possibility that the main product supply customers abroad in competition with
our products, the risk that acts or omissions of providers of company bzeros
could have a negative impact on the reputation of the company, a possible
oversupply of denim in the marketplace and other risks. The company analyzes
some of these factors in more detail in its additional filings with the SEC,
including its latest annual report on Form 10-K filed with the SEC, and this
release should be read in conjunction with the annual report on Form 10-K,
together with all other documents of the Company, including current reports on
Form 8-K, made with the SEC through the date of this release. The company urged
to consider these risks, uncertainties and other factors carefully in
evaluating forward-looking statements contained in this release.
Any forward-looking statements are based on
current information from the date of this document and speak only as of the
date on which such statement is made and the Company undertakes no obligation
to update these statements to reflect events or circumstances after the date on
which such statement is made. Readers should not place undue reliance on
forward looking statements.
thomas sabo schmuck
