NASHVILLE, Tenn., Jan. 23, 2007 (PRIME NEWSWIRE) -- Jonathan Pappie announced that CapitalPros Network has been retained for CIC Holding Company (Pink Sheets:CICG) to assist in expanding media activity and communication. CPN has agreed to reach out and educate the Broker Dealer community through syndication, provide additional press coverage, financial media and notify interested parties of the opportunity. CPN will also attempt to procure additional interviews and Market Makers for the company.
Since its establishment in 1999, CIC & Company Co. Ltd. has developed into a very successful children's fashion apparel businesses in Korea. The company currently operates "Renoma Junior" brand, which has become the nation's top premium kid's apparel line expanding to over 50 retail chains nationwide. Upon its launching, for the first 3 years, the brand generated consistently increasing profit. In 2004 the Company made revenue of $14.2 million (2% net profit) and in 2005 revenue of $15.6 million (7% net profit). The company's growth will be enhanced through active acquisitions of new brands, both domestic and international. Currently, the company is in discussion with leading bands in children's and women's apparel segments.
It is also expected that kid's apparel market size of Korea in 2005 was US$1.8 billion. Compared to last year, 2006 figure has increased by 7.6% to almost 2 billion US. Industry experts reported that the kid's apparel market will be strong considering the overall economic upturns and high demand for quality children apparel.
The company's growth will be enhanced through active acquisitions of new brands, both domestic and international. Currently, the company is in discussion with leading bands in children's and women's apparel segments.
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