WOODLAND HILLS, Calif. (PRWEB) October 19, 2006
Tag-It Pacific, Inc (AMEX:TAG) today announced the opening of its new Talon zipper showroom and offices in Shenzhen, China─a move that signifies Talon’s solid progression in the global apparel market through international growth and aggressive expansion. Talon is a wholly-owned subsidiary of Tag-It Pacific, Inc.
With a considerable portion of the industry’s garments manufactured in China, the location of the Talon showroom and offices position the company in close proximity to most of the branded apparel manufacturers in Southern China, giving its customers localized service and quick delivery of zippers. The new facilities are the latest addition to Talon’s growing roster of company locations worldwide. Talon expects to add several additional locations throughout Asia, Middle East and Europe in 2007.
“The global apparel supply chain is going through a dramatic shift as many retailers are compressing their lead time cycle. Therefore, we’re expanding our production and distribution facilities because we’re committed to giving our customers localized service and shorter lead times,” said Stephen Forte, chief executive officer, Tag-It Pacific, Inc. “These new facilities are part of our aggressive strategic plan incorporating significant, rapid international expansion.”
Talon is a global supplier to the apparel industry for more than 60 brands, including Levi Strauss & Co., Abercrombie & Fitch, Target Stores, Wal-Mart, Inc. and Express, among others. The Company designs, engineers, tests, and distributes zippers under its Talon brand to apparel brands, retailers and manufacturers answering the need for premium, fashion-forward, cost-effective zippers.
About Tag-It Pacific
Tag-It Pacific, Inc., (AMEX:TAG) is an apparel company that distributes a range of apparel zippers and trim items to manufacturers of fashion apparel, specialty retailers, and mass merchandisers. The company sells its products through the company’s sales force in the United States, Asia, Mexico, the Dominican Republic, and Central and South America. Tag-it Pacific was founded in 1980 and is headquartered in Woodland Hills, California. For more information on Tag-It Pacific, please visit http://www.tagitpacific.com.
Having invented the zipper in 1893, Talon is the original American zipper company. Talon is a wholly-owned subsidiary of Tag-It Pacific, Inc. and designs, engineers, tests, and distributes zippers under its trademark to apparel brands and manufacturers. It offers formed wire metal zippers for the jeans industry, and all other zipper types to the apparel and other industries. Talon became part of the Tag-It Pacific family in 2001. For more information on Talon, please visit http://www.talonzipper.com.
Forward Looking Statements:
This news release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the company’s intention to significantly and rapidly expand internationally, including by opening new offices and showrooms in Asia, the Middle East and Europe in 2007, and are generally identified by phrases such as “thinks,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the company’s industry, competition and capital requirements. Other factors and uncertainties that could affect the company’s forward-looking statements include, among other things, the following: the continued globalization of the apparel business, the demand for Talon products in the countries in which Talon expects to open new offices, competition, including competition in the local markets in which Talon expects to open new facilities, and having the necessary financial, logistical, personnel and other resources to operate in multiple countries worldwide. These and other risks are more fully described in the company’s filings with the Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.