SOUTH PASADENA, FL -- (Marketwire) -- 10/29/12 -- Dussault Apparel, Inc. (PINKSHEETS: DUSS) ("Dussault" or the "Company") wishes to provide an update to its shareholders in regard to its ongoing corporate planning.
The Company has recently made changes to its Board of Directors and has determined to initiate a review process to consider strategic alternatives with a view to enhancing shareholder value. Strategic alternatives may include, but are not limited to, the sale of all or a portion of Dussault's assets, a merger or other business combination transaction involving a third party, a joint venture, a financing, as well as continued execution of Dussault's existing business plan, or any combination thereof. Certain of these actions may impact on the current shareholders as they may cause a change of control or a restructure of the Company.
It is the Company's current intention not to disclose developments with respect to the strategic review process unless and until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. All disclosures will be made compliant with the rules and regulations of the Securities and Exchange Commission and any other regulatory bodies to which the Company may have reporting requirements.
The Board of Directors cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction should be undertaken what the terms or timing of such a transaction may be. Further, any transactions may result in a change to the structure of the Company, the impact of which cannot be predicted at this time.
Dussault Apparel, Inc. is a designer and licensor of high-end quality apparel; its product line includes hoodies, t-shirts and hats, Dussault Apparel, Inc. trades as PK: DUSS.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, Dussault's ability to design and manufacture its products, the ability of the products to gain market acceptance, and the difficulties faced by an early stage retail fashion company in the competitive retail fashion industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB, and other periodic and current reports filed from time to time with the Securities and Exchange Commission.
Dussault Apparel, Inc.
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