LAS VEGAS, April 21, 2014 (GLOBE NEWSWIRE) -- Tatyana Designs, Inc. (the "Company") (OTC Pink:TATD), a growing designer, manufacturer and retailer of vintage inspired contemporary designs, today announced the closing of $1.5 of convertible note financing. Retail veteran Sam Battistone has also been appointed to the Board of Directors as part of a strategic planning and consulting role.
Mr. Battistone was the founder and served as Chairman of publicly traded Dreams Inc. from 1982 until its sale in 2012. He served as its President until November 1998. Dreams Inc. developed the retail chain of Field of Dreams stores and was a national distributor of sports licensed products through their FansEdge brand. He was the principal owner, founder and served as Chairman and Governor of the New Orleans Jazz and Utah Jazz of the National Basketball Association (NBA) from 1974 to 1986. He was a founding director and shareholder of Sambo's Restaurants, Inc. and served in the positions of President, Chief Executive Officer, Vice-Chairman and Chairman from 1967 to 1979. During that period, Sambo's grew from a regional operation of 59 restaurants to a national chain of more than 1,100 units in 47 states. From 1971 to 1973, he served on the Board of Directors of the National Restaurant Association.
"We are very pleased with the confidence in our business represented by this investment in our future growth," said Jan Glaser, co-CEO and treasurer of Tatyana Designs, Inc. "We are also delighted that Sam Battistone has joined our Board of Directors bringing substantial retail experience including managing internet, brick and mortar and catalogue operations. His background and experience is directly relevant to our growing national operations."
"Tatyana and Jan have created a strong national foundation and branding for an extensive omni-channel retailing experience," said Battistone. "I am excited to join the board and look forward to sharing my internet marketing relationships and experience to focus on accelerating revenue growth."
The Company intends to apply the proceeds to grow its e-commerce division, build a robust mobile app platform and provide general working capital for continued growth. The Company recently announced two consecutive years of greater than 40% sales growth.
About the Company - Based in Las Vegas, Nevada, Tatyana Designs, Inc. is a growing retailer specializing in contemporary designs inspired by the 1940's and 50's – the "Golden Age" of fashion. The Company owns significant trademark and license rights. The merchandise offered through the chain of retail boutiques, e-commerce and wholesale divisions offer a diverse mix of high-quality and attractively priced apparel, jewelry, accessories and gifts. The Company's boutiques and e-commerce target the 18-35 year-old, fashion conscious female customer, but women of all ages are attracted to the unique retro inspired, yet modern, look. New product styles are presented monthly. For more information on the company please visit the Web site at www.tatyanadesigns.com.
Cautionary note on forward-looking statements:
Certain statements in this release are "forward-looking statements" made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and are subject to various risks and uncertainties that may cause actual results to differ materially from those that we expected, including: the costs and effects of our rebranding and related disputes including current litigation; possible adverse changes in general economic conditions and their impact on consumer confidence and spending; possible inability to predict and respond in a timely manner to changes in consumer demand; possible loss of key management or inability to attract and retain the talent required for our business; possible inability to maintain and enhance our brands; possible inability to successfully implement our growth strategies or manage our growing business; possible inability to successfully open new boutiques and expand e-commerce business as planned; and possible inability to sustain levels of comparable-boutique sales. For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those contained in our forward-looking statements, please refer to the Company's most recent public corporate documents and risk factors discussed therein (www.otcmarkets.com/stock/TATD/filings). We undertake no obligation to publicly update or revise any forward-looking statement. Future results may differ materially from the Company's current expectations.