Published: February 14, 2006
UPDATE - Jeantex Group Subsidiary Yves Castaldi Corp Receives Premium Denim Order Valued at up to US $2.6 Million in Retail Value
I-Generation Denim Line to be Distributed in Exclusive French Department Store
Jeantex Group, Inc. (OTC BB: JNTX), a
corporation engaged in the design, development, manufacturing and marketing
of consumer products for apparel markets worldwide, today announced that
the Company's majority-owned subsidiary Yves Castaldi Corp. has received an
order for 11,000 pieces of "I-Generation" denim jeans from its French
distributor. A significant portion of this order will be delivered to the
exclusive Galeries Lafayette on Haussman Boulevard, Paris, France while the
remainder will be distributed in other Galeries Lafayette locations
throughout France as well as in other leading department stores and upscale
boutiques throughout the country. Jeantex believes this order to its
French distributor is valued at up to U.S. $2.6 million in retail value and
will ship in the first quarter of the Company's fiscal year.
Galeries Lafayette is a high-end department store throughout France and
will provide
I-Generation with an exclusive, designer's corner in the main store on
Haussman Boulevard, Paris. The retail price points for the "I-Generation"
brand in Europe range between EU $150-200.
Yves Castaldi, CEO and lead designer of Yves Castaldi Corp., commented, "We
are very pleased to announce this new order both from our French
distributor and Galeries Lafayette. We believe the addition of new, high
profile customers like Galeries Lafayette represents a strong opportunity
for our business in the 2006 fiscal year. We are encouraged with our
momentum and look forward to increasing the growth of our diverse portfolio
of leading brands."
Yves Castaldi's I-Generation brand is a premium unisex denim collection,
designed and manufactured in the United States, with an emphasis on fit,
color and quality of denim. The line has recently expanded from basic denim
to a collection with hand stitching, embroidery, and studding. The cut for
both the women's and men's denim lines are equivalent and the fit is the
same. Men and women were created equal, and now, so are their jeans.
I-Generation has seven different exclusive washes to choose from and sizing
begins at 24 and goes up to 38.
Additional information about Galeries Lafayette can be found at:
www.galerieslafayette.com/index.do and
www.paris.org/Shops/Large/lafayette.html.
About Jeantex Group, Inc.
Jeantex Group, Inc. (), through its wholly owned
subsidiary Jeantex, Inc., engages in the design, development,
manufacturing, and marketing of branded and private label apparel. The
Company is a majority owner of Yves Castaldi Corp. (www.yvescastaldi.com),
which designs high end apparel under the 'Just Yves,' 'I-Generation,'
'Instinct Yves,' and Yves Castaldi Raw Denim brands, and also manufactures
and markets new lines of uniquely designed high-quality jeans, T-Shirts,
and accessories under the "Bone People" trademark ().
This news release contains forward-looking statements that are subject to
certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of such forward-looking
statements. Such forward-looking statements are made based upon
management's beliefs, as well as assumptions made by, and information
currently available to, management pursuant to the "safe-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.
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