Reign Sapphire Corporation
(OTCQB: $RGNP) Signs Exclusive International Distribution Agreement for Qatar
for Recently Acquired Coordinates Collection
BEVERLY
HILLS, CA - December 12, 2016 (Investorideas.com Newswire) Reign Sapphire
Corporation, (OTCQB: RGNP) ("Reign" or the "Company"), a
jewelry company that sells branded and custom jewelry direct to consumers,
today announced the signing of an exclusive international distribution
agreement for Qatar for Reign Brands, Coordinates Collection and Le Bloc.
On
December 5th, Reign Sapphire Corporation announced the completion of its
acquisition of 100% of the assets of custom jewelry company, Coordinates
Collection Inc.
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, CA.
Joseph
Segelman, Reign Sapphire Corporation, CEO, said, "We are pleased to
announce our second international agreement in the Middle East and look forward
to continued growth in the region."
Owen
De Vries, Reign Brands Head of International Business Developments and
Strategic Partnerships, added, "We are excited with the caliber of our
international partners and are delighted to announce our latest international
agreement."
About Coordinates Collection.
Coordinates
Collections brands, including Le Bloc and Coordinates, combine quality
craftsmanship and timeless designs to provide a personalized shopping
experience to commemorate life's most memorable moments: http://www.coordinatescollection.com.
About Reign Sapphire Corporation:
Based
in Beverly Hills, California, Reign Sapphire Corporation is a fully-reporting,
DTC-eligible company, established as a "mine-gate 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
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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