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File: MZI - NR - OCT 1-2015 - CapitalAquisition.docx
MEZZI HOLDINGS INC.
#1001 - 1185 West Georgia Street, Vancouver BC
NEWS RELEASE Tel: 778-998-9242 | Fax: 604-685-4675 | TSX.V: MZI
MEZZI COMPLETES ACQUISITION OF CAPITAL EYEWEAR
October 1st, 2015: Mezzi Holdings Inc. ("MEZZI" or the "Company") (TSX-V: MZI, FRA: 0MZ) is pleased to announce that i
--->t has completed the acquisition of Capital Eyewear. Capital Eyewear is a profitable independent eyewear design and man
--->ufacturing company based in San Francisco, California. Since commencing operations in 2009, Capital has developed a p
--->opular line of wood and acetate eyewear that is sold online as well as carried in more than 65 stores in the USA and J
--->apan.
In consideration for the Capital Eyewear business, the Company made an initial payment of US$125,000, and has committe
--->d to make an additional payment of US$125,000 upon the satisfaction of certain revenue-based milestones being met with
--->in the next 18 months. For further information regarding the acquisition, readers are encouraged to review the Company
--->'s news release of August 28, 2015.
The completion of this transaction represents the beginning of our rollup strategy of accelerating growth through acqu
--->isitions of profitable luxury brands that can benefit from leveraging MEZZI's brand management team to catalyze increa
--->sed value.
In addition, Steven Kilzer, Capital Eyewear's founder and CEO joins MEZZI's advisory board to bring his broad experien
--->ce and success in supply chain development and product innovation to the team.
"I am very pleased to welcome Capital Eyewear to the MEZZI family. Steven has built a tremendous brand that benefits f
--->rom having in-house manufacturing to ensure efficient and timely production along with constant product innovation," K
--->eir Reynolds, CEO and Chairman, commented.
On his decision to join MEZZI, Steven said, "It is very exciting to begin work with MEZZI. After spending time with th
--->e team over the last few months, I am confident they have the talent and drive required to take Capital to the next le
--->vel. I'm also looking forward to sharing my expertise with MEZZI to help build their vision of a broad portfolio of US
--->-based consumer brands."
About MEZZI
MEZZI is disrupting the status quo in the luxury accessories market as it recently unveiled a beautiful new product li
--->ne featuring cutting edge technology, making MEZZI the true smart luxury brand. Each piece, including handbags and oth
--->er essential leather goods, allows wireless connectivity between your MEZZI bag and smartphone, providing a completely
---> new user experience. With fine leather sourced directly from Italy, all pieces in the MEZZI Smart Luxury collection a
--->re manufactured to precision quality.
For further information please contact:
Mr. Keir Reynolds
CEO
Tel: (778) 998-9242
Email: keir@mezzi.com
ON BEHALF OF THE BOARD
Keir Reynolds Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. These statements are based on current expectations and assu
--->mptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discuss
--->ed in the management discussion and analysis section of our interim and most recent annual financial statement or othe
--->r reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume
--->any obligation to update any forward-looking statements, except as required by applicable laws.
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