Elgrande was the 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.
Elgrande intends to diversify and expand its productline 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. The high quality of this product and in particular the Love Plate line may be viewed here: http://www.europeansourcesdirect.com/
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 inannual revenues.” �
About Elgrande InternationalElgrande 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 “…will also allow us to expand the market for the Ginger Kelly Collection beyond North America, thereby greatly increasing shareholder value” 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. Forward Looking Statement: The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward- looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
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Release Date – 27062006
VANCOUVER, BC — (ENP Newswire) — 06/27/06 –
EGDI – Elgrande International, Inc.
1450 Kootenay Street
Suite 302
Vancouver, BC V5K 4R1
Website: http://www.elgrande.com
Phone: 604-689-0808