Business
eMedia signs lululemon athletica
eMedia signs lululemon athletica.
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\nVANCOUVER, Aug. 8 /CNW/ - eMedia Networks is pleased to announce a new\n36-month contract with Vancouver-based lululemon athletica to supply their\nretail stores with custom foreground music.\n\n\nAbout lululemon athletica\n\n\nYoga-inspired athletic apparel company, luluemon athletica, provides\npeople with components to live longer, healthier and more fun lives. lululemon\nbelieves that by producing products that keep people active and stress free,\nthe world will be a better place. Founded in 1998 in Vancouver, Canada, the\nfirst lululemon athletica store was a design room surrounded by a retail\nstore. Feedback from local athletes, yogis and customers who live an active\nand healthy lifestyle shaped the original products and continues to influence\nthe designs today. lululemon athletica manufactures, distributes and retails\nthrough its own stores in Canada, the U.S., Japan and Australia, and\nwholesales out to other retail locations in North America and internationally.\n\n\nlululemon athletica announced its initial public offering of 18,200,000\nshares on July 27, 2007 at U.S. $18.00 per share and the stock price closed at\n$37.75 on August 7, 2007 (LULU:NASDAQ). The company will use proceeds from its\nportion of the sale to double North American locations to about 120 by 2009.\nIt plans to open between 20 and 25 stores in Canada and the U.S. this year,\nand another 30 to 35 in 2008.\n\n\nAbout eMedia Networks\n\n\neMedia Networks is Canada's leading supplier of licensed background (or\n"in store") music played in public spaces. eMedia's client base includes many\nnational retail and restaurant chains including lululemon athletica, Bata\nLimited, Roots Canada, Le Chateau, Body Shop and International Clothiers.\nBackground music consists of CD quality artist recordings that are played in\nretail and restaurant establishments and other public venues to enhance and\ndefine a client's brand image and as a sales enhancement tool. The Company has\nannual recurring revenue of about 1.5 million dollars and issued shares\ntotaling 21,610,895.\n\n\nOn behalf of the Board of Directors\n\n\n(signed)\n\n\nDarren Reiter\n\n\nCEO\n\n\n(signed)\n\n\nJasvir Athwal\n\n\nPresident & CFO\n\n\nThe TSX Venture Exchange (or any other regulatory authority body) has not\n\n\nreviewed the foregoing and therefore does not accep...