Vitamin Blue Enters Marijuana Market with Hemp Clothing Line
November 5th, 2013
News, Top News
Vitamin Blue, Inc. (OTCQB: VTMB) today announced its New Business Plan that calls for new business and growth in the Hemp/Organic clothing line. In addition to its current operations, the Company has formed new partnerships with various hemp/organic suppliers that may transform into strategic and acquisition candidates.
Management has scheduled several site visits and meetings with potential joint venture and acquisition candidates in the next few days to discuss moving forward plans and strategies on how they could fit into our strategic model. Several strong candidates came to mind and with the right timing and commitment, there will be an announcement shortly.
Organic clothing is produced from materials that fit a number of criteria. First, the textiles must be cultivated humanely, with minimal impact on the environment. Also, all raw materials must be raised without chemical fertilizers or aids of any sort. GMO (genetically modified) seed is absolutely forbidden, as are harmful pesticides and herbicides. Growers have to be certified by a third-party organization and are regularly inspected to make certain that they’re up to national and industry standards.
The Size of the Organic Clothing Market:
The Organic Trade Association states, “In 2006, organic fiber linens and clothing sales in the United States grew by 26 percent over the previous year, to reach $203 million, according to the… 2007 Manufacturer Survey.” The organic clothing market started out very small but has now expanded to include (http://www.ehow.com/about_5371160_organic-clothing-information.html) designer fashion, fashion tee shirts, denim, shoes and accessories. There is also a bustling market for men’s and children’s fashion, with a niche market in cloth diapers and organic infant wear.
“We are pleased to catapult our next business level by entering the hemp/organic clothing market,” stated Frank Ornelas, Chief Executive Officer. “Currently, we’re in negotiation with a couple hemp/organic suppliers for our first orders and we hope to have an announcement immediately on this and other initiatives.”
About Vitamin Blue, Inc. (http://www.vitaminblue.com/):
Vitamin Blue designs, develops, produces and distributes water boardsports apparel, accessories and related products. Founded in 1999, the Costa Mesa, California based company is part of the consumer goods sector and nondurables industry.
Forward Looking Statements:
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward looking statements. Forward looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plans and strategies. Although we believe that these forward looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those expressed in the forward looking statements, including, without limitation, the factors described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Securities and Exchange Commission filings.
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