JALISCO, MEXICO -- (Marketwired) -- 06/17/13 -- LUVE Sports, also known as Prince Mexico S.A., Inc. (PINKSHEETS: LUVE) ("LUVE Sports" or the "Company"), a distribution company focused on expanding the retail reach of high-end sporting goods and related products, would like to update its shareholders in regards to its first quarter financials ending March 31, 2013. The company is working closely with DeJoya Griffith LLC to complete the first quarter audit. De Joya Griffith has audited the company's last three years financial statements and will be completing the first quarter in a timely matter.
The company also announced earlier today on the anticipated agreement to be reached with Authentic Brands Group (ABG), a brand development and licensing company based in New York, New York with additional offices in Toronto and Los Angeles, recently acquired Prince Sports Group in 2012. Continuing their mission of owning and licensing brands to highly capable operating partners, ABG's objective is to maintain Prince Sports' historical reign in the tennis world while expanding into new categories.
"We anticipate the completion of the financials by the end of the week, bringing the company current to OTCQB status," said Duncan Forbes, President and CEO.
About LUVE Sports (PINKSHEETS: LUVE)
LUVE Sports is a sports distribution company focused on delivering industry-leading sport products to the Mexican markets with the plan to expand into the South American markets. To date, the Company has introduced products to the market and established key relationships with corporate partners with proven distribution networks. For more information visit our corporate website at: www.luvesports.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, risk reduction, insurance coverage, business strategy, sales of equipment and global markets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume 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 we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Investor Relations Contact:
For further information regarding LUVE Sports, please contact our Investor Relations Line at:
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