SOURCE: Total Luxury Group, Inc.

January 24, 2008 10:24 ET

Total Luxury Group, Inc. Announces Appointment of Don Jones as Chairman of the Board

NEW YORK, NY--(Marketwire - January 24, 2008) - Total Luxury Group, Inc. (PINKSHEETS: TLEI) announced today the appointment of Don Jones to the Board of Directors. Mr. Jones will also assume the position of the Chairman of the Board, replacing Interim Chairman Janon Costley. Mr. Costley will remain on the Board of Directors as well as remain COO of the Company.

With over 25 years of apparel and retail experience, including executive management of such well known companies as The GAP, Macy's, Target and IKEA, Mr. Jones brings a wealth of experience to Total Luxury Group, Inc.

"We believe that Don Jones has the ability and experience to lead this company into its next phase of development," explained COO, Janon Costley. "Mr. Jones will be able to focus on the big picture by building and implementing a sustainable strategic platform that will allow for the systematic growth of both our current brands as well future acquisitions.

"Mr. Jones is a dynamic individual, with an excellent reputation in both the retail and financial industries and we are very confident that his appointment will enable the company to increase its domestic and international distribution," states Costley.

"I am very excited about this opportunity," stated Mr. Jones. "I believe that this company has the personnel, and the brands to be a formidable competitor in today's apparel world."

ABOUT DON JONES

Don Jones has had an extensive career in the retail industry. He is currently Vice-Chairman at Petals Decorative Accents, Inc. a silk flower and home furnishing tri-channel concept, and was formerly Senior Vice President of Stores and Operations at Gap, Inc., and President and Chief Executive Officer of Rufus, Inc., developing an upscale pet retail concept. In addition, he has held senior leadership roles in companies such as IKEA, Marshall Field's, Lechmere, Federated Department Stores, TJX Corporation and the May Company.

Currently, Don's leadership positions include Chairman and Chief Executive Officer of POGAN Retail, LLC, Senior Advisor for CMF Associates, a financial consultant company, and Chairman of the Connecticut Retail Merchants Association Charitable and Educational Foundation (CRMAF).

ABOUT POGAN Retail, LLC

POGAN Retail, LLC, based in Ridgefield, Connecticut, was founded in July of 2003. POGAN works with management teams to maximize their brand equity through industry best practices, operating expertise and optimization strategy. POGAN's commitment to customized solutions and to the success of its clients is unsurpassed.

About Total Luxury Group, Inc.

In July of 2006, Total Luxury Group, Inc. acquired International Apparel Group, Inc., an apparel holding company. Through this subsidiary Total Luxury Group, Inc. engages in the manufacture and sale of apparel to retailers and distributors worldwide through licensing and/or distribution agreements for the following brands: Pony, Huk-A-Poo, and Y Brands, Inc., which holds the licenses for Y Chrome and Type-Y. The company has also had private label development programs with Converse, Inc. and Randy Moss Clothing.

Total Luxury Group, Inc. subsidiary International Apparel Group, Inc. has recently signed an exclusive licensing agreement for the Pony label for all Men's and Young Men's apparel products, which covers the United States, Canada and Puerto Rico. Pursuant to the terms of the license agreement, IAG will develop active wear and lifestyle apparel products featuring the Pony name and chevron logo, as well as a line of vintage Pony apparel products.

Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve substantial risks and uncertainties. When used in this press release and in any documents incorporated by reference herein, the words "expects," "will" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of management and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive, and other factors affecting the Company and its operations; and other risk factors. TLEI cautions that the foregoing factors are not exclusive. TLEI assumes no obligation to update the information contained in this press release.

Contact Information

  • CONTACT:
    International Apparel Group, Inc.
    MIAMI, FL
    Janon Costley
    (305) 892-6744
    Or
    www.otcreporter.com