Business
South American Gold Sets Acquisition Terms for Fashion Forward Apparel Brand
South American Gold Sets Acquisition Terms for Fashion Forward Apparel Brand.
About this update from South American Gold Corp
[{"type":"text","content":"South American Gold Corp (OTC: SAGD), an operational management company focused on enhancing shareholder value by acquiring and operating undervalued assets, is excited to announce that it has received a countersigned Letter of Intent setting the terms for the acquisition of a majority interest in Troy James Holdings. This acquisition will be one of the cornerstones for SAGD’s Sarge Delphi Division, which will soon be spun off to SAGD shareholders.SAGD CEO, David Reeves, stated, “This Letter of Intent, based on mutually agreed terms, is another step forward for our company and its shareholders. With our recent announcement of the 1 for 1 stock dividend in the Sarge Delphi Spin Off (announced on August 3, 2017), our shareholders are set to receive great benefit from everything Sarge Delphi is developing for its robust portfolio.”Troy James Holdings operates a multi-line branded children’s apparel line focused on high quality, in-demand clothing and accessories. The Troy James brands are sold direct-to- consumer as well as through \"big box\" retailers. The collections of the brands presently in the market consist of: Troy James Boys; Father Son; Premium; and The Genevieve Goings (a branded collection for the Star of Disney Junior’s music videoshow “Choo Choo Soul”).These brands can be purchased via ecommerce at www.troyjamesboys.com and through outlets such as Jet.com, Amazon.com, On Fleek Culture , Walmart.com and the shopping tab on Google. In-store purchase for the newest seasons can be also be purchased at stores such as Buy Buy Baby, a subsidiary of Bed Bath Beyond. Theseitems are also available via the retailer's websites. Previous seasonal items can be found at stores such as TJ Maxx and Marshalls.The Troy James collections have generated a substantial following through social media and South American Gold’s team seeks to assist Troy James by increasing the exposure of the brand to a broader range of consumers.Mr. Reeves added, “Through our interactions with the management of Troy James, we believe its brands have found a tremendous niche market presently underserved by the competition, and is in high demand by the consumers. We believe that the market position Troy James has been able to establish in just the last...