Reign Sapphire Corp.
(OTCQB: $RGNP) Discusses 2017 Corporate Growth Strategy
Acquisition of
Coordinates Collection and Jewelry Technology Focus Key Drivers for Growth in
2017
BEVERLY
HILLS, CA - January 9, 2017 (Investorideas.com Newswire) Reign Sapphire
Corporation, (OTCQB: RGNP) ("Reign" or the
"Company"), a jewelry company that sells branded and custom jewelry
direct to consumers, issues an update to shareholders.
Dear
Valued Shareholders,
With
the successful closing of the acquisition of 100% of the assets of custom
jewelry company, Coordinates Collection Inc., we have positioned the company to
continue developing an established custom product line and customer base.
Founded
in 2012, Coordinates Collection offers customized jewelry that uses materials
such as semi-precious to precious metals and stones, as well as ceramic
coatings. The company sells bracelets, rings, and necklaces that display the
latitude and longitude of any place that represents a special memory to the
customer.
Coordinates
Collection is distributed predominately online, with retail distribution in
Dubai through its flagship brick and mortar store in the Mall of Dubai.
Products are designed and manufactured in Los Angeles, California.
We
understand the importance of showing consistent revenue growth to build
shareholder value, and we believe that this acquisition was a significant
milestone for us. We are actively reviewing additional accretive acquisition
opportunities within the jewelry sector.
We
have also expanded our markets internationally with the recent news of a second
Middle East agreement for Coordinates Collection in Qatar and we hope to
continue entering into additional international agreements in the coming
months.
Our
ongoing social and digital marketing efforts and activities have added tens of
thousands of active followers across our social media platforms.
We
intend to seek shareholder approval to change the company's name to Reign
Corporation (OTCQB; RGNP) to reflect the expansion of the company's products
beyond Australian Sapphires and Sapphire jewelry into three distinct operations
with shared use of data and analytics.
Reign
Corporation will include Reign Sapphires, Reign Brands, and Reign Ventures.
Reign
Sapphires will continue to focus on Australian Sapphires and sapphire jewelry,
"direct from source to customer" via a sustainable and ethically
processed supply chain.
Reign
Brands includes Coordinates Collection, LeBloc, and any future acquisitions.
Reign
Ventures is our joint venture platform for investment and development of
jewelry technology related products.
About Reign Brands:
Reign
brands, including Le Bloc and Coordinates collection, combine quality
craftsmanship and timeless designs to provide a personalized shopping
experience to commemorate life's most memorable moments: www.coordinatescollection.com, http://www.leblocjewelry.com.
About Reign Sapphire Corporation:
Based
in Beverly Hills, California, Reign Sapphire Corporation is a fully-reporting,
DTC-eligible company, established as a "source to retail" model for
fine sapphires - rough sapphires to finished jewelry, a color gemstone brand,
and a jewelry brand featuring Australian sapphires, www.reignsapphires.com, http://www.reignsc.com.
Contact:
Joseph
Segelman, CEO
9465 Wilshire Boulevard
Beverly Hills, CA 90212
(213) 457-3772
9465 Wilshire Boulevard
Beverly Hills, CA 90212
(213) 457-3772
Forward Looking
Statements
This
press release includes "forward-looking statements" within the meaning
of the U.S. federal securities laws, which statements may include information
regarding the plans, intentions, expectations, future financial performance, or
future operating performance of Reign Sapphire Corporation ("Reign"
or the "Company"). Forward-looking statements are based on the
expectations, estimates, or projections of the Company's management as of the
date of this press release. Although Reign's management believes these
expectations, estimates, or projections to be reasonable as of the date of this
presentation, forward-looking statements are inherently subject to significant
business risks, economic and competitive uncertainties, or other contingencies,
which could cause the Company's actual results or performance to differ
materially from what may be expressed or implied in the forward-looking
statements. Important factors that could cause Reign's actual results or
performance to differ materially from the forward-looking statements include
those set forth in the "Risk Factors" sections in the Company's
filings with the Securities and Exchange Commission, including the risks set
forth in the company's Annual Report on Form 10-K for the year ended December
31, 2015, which is available for viewing on the SEC's EDGAR website. These
forward-looking statements speak only as of the date of this press release and,
except as required by law, Reign specifically disclaims any obligation to
update these forward-looking statements, even if new information becomes
available in the future.
SOURCE:
Reign Sapphire Corporation
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