SOURCE: Total Luxury Group, Inc.

April 19, 2007 10:34 ET

Total Luxury Group Subsidiary Y Brands, Inc. Featured in DNR Fashion Magazine

Y Brands Listed as "Brand to Watch"

NEW YORK, NY -- (MARKET WIRE) -- April 19, 2007 -- Total Luxury Group, Inc. (OTCBB: TLEI) announced that its wholly owned subsidiary, Y Brands, Inc., has been featured in a special section titled "The Evolution of Streetwear" in this week's DNR, one of the premier fashion trade publications for Men's apparel news.

Along with numerous pictures of products from the Spring, Summer and Fall 2007 collections, Y Brands Division President, David Berkman and Creative Director, Jeffrey Wu are quoted throughout the special "pull-out" section in connection with fashion trends, colors, fabrications and inspirations for Y Brands apparel.

In addition, Y Brands was listed as one of 12 brands that are making an impact in the young men's streetwear category in the final section, entitled "Brands to Watch." "To have Y Brands listed in DNR as a brand to watch, especially in the streetwear category, is a very important breakthrough for a company that has not traditionally targeted this category. We feel that Y brands is poised to approach this entirely new, very important segment with various items in their collections because of the transition that is currently taking place with the streetwear customer, which is an opportunity that could increase the visibility and sales of their product lines exponentially," states Janon Costley, COO of Total Luxury Group, Inc.

About DNR:

As the industry standard for news, fashion trends and business strategies, DNR is the first read and last word for top-level executives. Every week, DNR unites retailers, manufacturers, the media and financial community with an insider perspective that defines men's fashion and fuels the momentum of the industry.

About Total Luxury Group, Inc.

Total Luxury Group, Inc., which currently holds a distributorship agreement for MCM, AG, has been seeking additional opportunities within the consumer products industry, for acquisition of companies that have a proven management team, and desirable products or services. In July of 2006, Total Luxury Group, Inc. acquired International Apparel Group, Inc., an apparel holding company that, through its subsidiary companies, manufactures and sells apparel to major retailers and distributors around the world. In addition, the company has entered into licensing agreements for the marks Y-Chrome, Type Y, YMLA, Cabral and GC by Cabral.

The Company previously announced a restructuring plan that will include the spin-off of its apparel operations including its subsidiary International Apparel Group, Inc., and the registration of its shares for trading as a separate public company. Under the plan, shareholders of record on the record date of the spin-off will, in addition to their current holdings, become shareholders of the new public company.

Company president Robert D. Bonnell previously stated, "Since we are now pursuing two different business models in two different industries, we think this plan is the most viable way to maximize shareholder value."

Although the Company has not yet set a record date for the spin-off, it has announced that it will immediately begin to investigate the legal and other requirements for the restructuring, including compliance with the relevant state, federal and SEC rules and regulations. The Company is advised that the restructuring and registration process could take as long as 6 - 12 months or more before completion, based on the legal requirements for shareholder, state and federal approval, SEC approval and SEC effectiveness. The record date will be set and announced in accordance with the corporate laws of Indiana and the Company's by-laws.

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