SOURCE: Respect Your Universe, Inc.

Respect Your Universe, Inc.

April 24, 2012 09:30 ET

RYU Announces S-1 and Prospectus Filings

LAS VEGAS, NV--(Marketwire - Apr 24, 2012) - Today, Respect Your Universe, Inc. (RYU) (OTCBB: RYUN), http://ryu.com/, a premium performance apparel and equipment company rooted in and inspired by Mixed Martial Arts, announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission and a preliminary prospectus with the securities commissions in the following provinces: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick and Nova Scotia. RYU is offering CDN$5,000,000 in shares of common stock for sale, with an over-allotment option for the sale of an additional CDN$750,000. The price range for the offering has not yet been determined.

RYU's common stock is currently listed for trading on the Over the Counter Bulletin Board and RYU has filed an application to list its common stock on the TSX Venture Exchange. Such listing will be subject to RYU fulfilling all requirements of the TSX Venture Exchange and there can be no assurance that RYU's common stock will be listed on the TSX Venture Exchange.

Salman Partners, Inc. is acting as placement agent for the offering.

When available, a copy of the preliminary prospectus may be obtained from Salman Partners, Inc., 17th Floor - 1095 West Pender Street, Vancouver, British Columbia V6E 2M6, Telephone : (604) 622-5271. A copy of the Registration Statement on Form S-1 is available on EDGAR and a copy of the preliminary prospectus is available on SEDAR.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective and RYU obtains receipt for its final prospectus. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

For more information on RYU visit http://www.ryu.com or call +1-888-455-6183 ext. 101.

About Respect Your Universe
Respect Your Universe, Inc. (OTCBB: RYUN) is a premium performance apparel and equipment company rooted in and inspired by Mixed Martial Arts. Focused on the needs of the athlete, RYU brings innovative design, development and production of premium authentic performance gear with style to mixed martial artists and athlete enthusiasts worldwide. The RYU brand is based on respect, strength, honor and sustainability.

Safe Harbor Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "hopes," "estimates," "projects" or "intends," or stating that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, our branding and endorsement initiatives, the results of our athlete spokespersons, the actual results of sales and designs of our apparel, the MMA industry and market, the apparel industry and market, the availability of capital to fund our business plan and the resulting dilution caused by the raising of capital through the sale of shares, and product manufacturing and sourcing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Contact Information

  • Contact Information

    Corporate Information:
    Respect Your Universe, Inc.
    http://www.ryu.com

    Public Relations:
    Respect your Universe, Inc.
    pr@ryu.com

    Investor Relations:
    +1-888-455-6183 ext. 102
    ir@ryu.com