Omni Ventures, Inc. (OTCPK: OMVE) cancelled the acquisition of controlling stake in Jean Genie Studio, Inc.
November 07, 2012 at 11:00 pm EST
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Omni Ventures, Inc. (OTCPK: OMVE) signed a letter of intent to acquire controlling stake in Jean Genie Studio, Inc. on November 8, 2011. Jean Genie will become the subsidiary of Omni. The deal is subject to due diligence, audit of the financials and other contractual matters and expected to be closed within forty five days.
Omni Ventures, Inc. (OTCPK: OMVE) cancelled the acquisition of controlling stake in Jean Genie Studio, Inc. on November 8, 2012.
Omni Ventures, Inc. is engaged in manufacturing, sales and marketing of its products in denim and other apparel. The Company uses retail and wholesale channels, including small and medium-size retail boutiques and national department store chains as well as online through its Websites. It develops the network of international distributors of its products as well as licenses the non-denim product to third parties and manufacturers of non-denim apparel. It operates through its wholly owned subsidiary PRVCY Couture, Inc., which sells its inventory of products directly to specialty stores and local chain stores, predominantly in the western United States. It works with wholesale buyers, outsourced sales agents working with retail outlets and launched its own online store, which offers its products for sale at retail prices to customers all over the United States, Europe, Latin America and New Zealand. Its products include menâs and women's jeans, t-shirts, sweaters and knits.