Elgrande International, Inc.
(OTCBB: EGDI)
Elgrande International Retains the AZS Companies Consulting Group to Develop Growth Strategies
VANCOUVER, BC— Elgrande International (OTCBB: EGDI) announced today that they have retained The AZS Companies (www.theazscompanies.com) consulting group to assist in developing and implementing strategic growth plans to guide the Company’s corporate development over the coming three years. From the launch of the Company’s wholesale activities in 2003 the Company has seen the North American home décor market embrace its products. Winner of the Canadian Gift and Tableware Association best new product award, featured on Oprah Winfrey’s “O List” and in many national magazines and syndicated TV shows, Elgrande’s current product line has received strong consumer, media and industry attention. The Company is now looking to diversify and expand its product line and distribution channels over the next three years to increase revenue and shareholder value.
Over the past three years Elgrande has focused on building a strong North American distribution channel for its current product lines. Going forward the Company intends to launch new home décor and glassware lines that will be sold through department stores such as Macy’s and luxury stores such as Neiman Marcus and Saks Fifth Avenue.
Michael Holloran, Chief Executive Officer of Elgrande International, added, “Our current product lines are distributed through mid to high-end independent boutiques and retail stores across North America. With a strong distribution network already established, we are ready to increase our product offerings to our existing customer base and introduce a less expensive line to compete with the current offering found in department stores. We expect this initiative will result in a strong increase in annual revenues.”
About Elgrande International
Elgrande International (www.elgrande.com) specializes in sourcing, importing, marketing and distributing unique artist designed quality products in the medium to high-end home décor tabletop market. Their products are exclusively produced for the North American home décor and giftware sectors. The Company has a North American sales and distribution infrastructure that services approximately 650 customers that include independent retailers and national key accounts. Elgrande was the winner of the 2003 CGTA “Best New Giftware” award (www.cgta.org).
Safe Harbor Provision
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include “…expect this initiative will result in a strong increase in annual revenues” and are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Risk factors include, lack of inventory financing, foreign currency fluctuations, availability of product, uncertainty concerning market acceptance of its products, competition and other risk factors as outlined in the Company’s SEC filings.
Contact:
Register Online at: http://www.elgrande.com
Toll free 1 800 900 8830
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