RYU Apparel Inc.
TSX VENTURE : RYU

RYU Apparel Inc.

April 22, 2015 09:00 ET

Leone Family Increases Equity Stake in RYU Apparel

Investment Demonstrates Confidence in New Team and New Direction

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2015) - RYU Apparel Inc. (TSX VENTURE:RYU), a global, athletic tech-style apparel brand engineered for the fitness, training and performance of the multi-discipline athlete, is pleased to announce that the Leone family has increased their equity stake in RYU Apparel with a participation of CA$800,000 in the recently closed private placement at CA$0.30 per common share.

The Leone family, comprising of Marcello, Patrizia, Maria and Alberto Leone, is recognized as one of the top retail apparel families in North America. Recently, the Leones sold their retail apparel empire after 29 years and are now focusing their investment and time into RYU. Known for having a great eye for trends in retail and fashion, the Leone's believe in the new direction of RYU and have significantly increased their equity stake. This increased investment demonstrates their confidence that the RYU management team led by Mr. Marcello Leone will create a successful brand in the athletic apparel space.

For regular updates on RYU Apparel visit www.facebook.com/RYUapparel.

About RYU

RYU Apparel Inc. is a global, athletic tech-style apparel brand engineered for the fitness, training and performance of the multi-discipline athlete. Designed without compromise, RYU exists to facilitate human performance. For more information, visit www.ryu.com.

On Behalf of the Board, RYU APPAREL, INC.

Marcello Leone, CEO, President and Chairman of the Board

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements regarding the future growth of RYU are "forward-looking statements", which are subject to risks and uncertainties, which may cause the actual results, performance or achievements of RYU to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, that RYU's business plan is dependent on additional financing, which it may be unable to obtain on terms acceptable to RYU, changes in general economic or market conditions that could impact consumer demand for RYU's products, and RYU's ability to execute on its business plan. The material assumptions supporting these forward-looking statements include, among other things: RYU's ability to obtain any necessary financing on acceptable terms; timing and amount of capital expenditures; the enforcement of its intellectual property rights; continuation of current tax and regulatory regimes; and general economic and financial market conditions. Except as required by law, RYU undertakes no responsibility to update any of the forward-looking statements contained in this news release.

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