02:25:04 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Mezzi Holdings Inc
Symbol MZI
Shares Issued 43,503,653
Close 2015-12-09 C$ 0.115
Market Cap C$ 5,002,920
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Mezzi has sales of over $95,000 in November

2015-12-09 08:18 ET - News Release

Mr. Keir Reynolds reports

MEZZI'S NOVEMBER SALES APPROACH $100K

Mezzi Holdings Inc. has provided an operations and sales update for its combined brands of Mezzi Smart Luxury, MLine Cases and Capital Eyewear. Sales results from combined operations exceeded $95,000 for the month of November.

Mezzi's collection of tech-integrated handbags is now carried in nearly 30 boutiques in North America with several more slated to purchase in the first quarter of 2016. Additional manufacturing capacity sourced in the summer is beginning to eliminate the very slow commercialization process and backlog the company experienced in the production of product during 2015. Also, current production volumes allow for a significant reduction in the company's cost of goods. The company's investment in developing brand awareness is beginning to pay off with November representing Mezzi Smart Luxury's best month ever in terms of wholesale and e-commerce sales volumes.

Since launching the specialty case business, MLine Cases this past July, MLine has added approximately 25 new authorized dealers per week and now more than 600 vendors located in 25 American states and three Canadian provinces carry MLine's brand of secure and rugged cases.

The acquisition of Capital Eyewear, a made-in-United-States brand of premium optical eyewear and sunglasses, was completed Oct. 1, 2015, and Mezzi is now integrating the business operations and developing an exciting omnichannel growth strategy set to kick off in early 2016. Presently, a new immersive mobile optimized website is being developed, several new styles of eyewear are being prototyped and a new brand launch is being readied. The company anticipates first major revenues to be achieved by March, 2016.

"Since recruiting a group of talented professionals, our businesses have experienced significant growth. This past year's hard work, learning and dedication of a core group of extremely talented people is now showing results. We are only at the beginning of this journey to develop the best group of millennial accessory brands but it is exhilarating to see the progress we've made in the course of one year. I can't wait to see what the next year brings with twice the effort of a much more focused team," Keir Reynolds, chief executive officer, commented.

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