Reign Sapphire Formalizes Growing Corporate Gift Business Through Launch of New Division
Higher margin orders due to batch processing of custom products
(firmenpresse) - BEVERLY HILLS, CA -- (Marketwired) -- 06/28/17 -- (OTCQB: RGNP) ("Reign" or the "Company"), a direct-to-consumer, branded and custom jewelry company, today announced its launch of a division that focuses exclusively on delivering its unique custom jewelry to the corporate and business gift market segment.
The new division was created in response to growing demand from corporate clients such as Hawaiian Airlines with its Breast Cancer Awareness campaign and a Super Bowl featured National Football League (NFL) team.
The personalized gifts segment is part of the corporate and business recognition market, a field increasingly dependent on technology enabled customization and one in which Reign maintains a competitive edge.
Entry into the segment provides an opportunity to boost higher margin sales due to the minimum order quantity and the less work required to customize batch orders.
One corporate order can result in hundreds of new Reign retail customers who will be introduced to Reign's niche custom brands through the gifts received from their corporate partner.
"This natural extension of Reign's unique custom offering provides organizations an exciting new range of options with which to recognize the efforts of employees, customers, vendors and other stakeholders," commented Joseph Segelman, Reign CEO. "The initiative evolved from an increasing number of orders from large organizations and our recognition of its potential as a highly profitable business segment."
About Reign Sapphire Corporation:
Reign Sapphire (OTCQB: RGNP) is a Beverly Hills-based, D2C branded and custom jewelry company with three niche brands: : ethically produced, millennial targeted sapphire jewelry, : custom jewelry, inscribed with location coordinates commemorating life's special moments, and : classic customized jewelry. .
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, 2016, 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.
Investor and Media Inquiries:
Reign Sapphire Corporation
+1 (213) 457-3772
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Datum: 28.06.2017 - 11:30 Uhr
Sprache: Deutsch
News-ID 550195
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contact information:
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BEVERLY HILLS, CA
Kategorie:
Fashion
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