OmniaLuo, Inc. is a China-based fashion design company centered in Shenzhen, China’s fashion capital, that develops, distributes, and markets fine women’s apparel under the brand name OMNIALUO. China has a fast growing urban, affluent female professional class to whom the company markets its elegant, feminine, and sophisticated clothing line.
The company has developed an expansion plan that is intended to increase retail presence throughout China from its current 211 stores to more than 250 stores by the end of this year. Under the direction of Cindy Luo, the company’s founder and highly acclaimed chief designer, OMNIALUO has positioned itself to become the Chinese equivalent of America’s Liz Claiborne or Donna Karan. The company has been projected to double in revenue and net income in the next 18 months. China’s $25-billion-dollar women’s apparel market is showing growth of 25-29% each year, as recognized brands such as OMNIALUO gain momentum and notoriety, along with greater market share.
In late March the company announced operating figures for the quarter and year end December 31, 2007. The company’s revenue was reported at approximately $7.9 million for the end of the year. The company saw an 80% increase of revenue for the quarter ended December 31, 2007 at $2.7 million, compared to $1.5 million in 2006.
The company expects 2008 revenue of approximately $13.0 – $14.5 million, net income of $4.3 – $4.8 million, with earnings per share of $0.19 – $0.21. This would be twice the revenue and net income from 2007.
CEO and Chairwoman Cindy Luo, said, “This past year has been one of many milestones for our Company. We opened an additional 100 retail stores, achieved a U.S. public quotation, completed a $6.15 million PIPE transaction, and most importantly, hit our projected 2007 revenue figure of $7.9 million and adjusted net income figure of $2.2 million. And while we have grown quickly in the last year, most of our strategic growth is still before us – we will open many additional retail stores throughout China and plan to bring the total store count to more than 250 by year-end 2008.”
She concluded, “As we continue to achieve our financial goals we will begin to focus on international expansion into the U.S. and Southeast Asia. We have now established a profitable platform upon which we can build a high-growth future.”
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