Carlsbad, California–Generator Distribution Co. Ltd. (SWAG, PROM, TWIST) Announced today that the letter of intent with Silverzipper.com Inc., is null and void.
In a previous press release dated January 05, 2000 Generator Distribution announced that it had entered into a letter of intent tosell all of its outstanding shares to Silverzipper.com Inc. The companyhas now determined that such a deal is not in its best interest and that it will not be acquired by Silverzipper nor is the company innegotiations with any other acquiring party.
Generator President and founder Andrew Friesen stated: “We are glad not to have thisdistraction and are proceeding with business as usual. Product is readyto ship and we are looking forward to another successful season.”
Generator’s business strategy has been to develop solid branded product within the youth lifestyle market, aggressively market the brands, deliver incredible consumer value and insure timely delivery of goods. The three Generator brands SWAG, PROM and TWIST have all developed a unique point of difference and are well positioned with in their respective markets for incremental growth. Future strategies include launching brand extensions into complimentary product categories foreach brand.
Generator Distribution Company Ltd., founded in 1988, is a designer and marketer of highly technical snowboard apparel, streetwear, footwear and accessories. “Swag®” was launched as one of the industries first technical snowboard specific apparel and accessory brands. In 1993 Generator introduced “Prom®” as a women’s specific apparel andstreetwear brand. Generator acquired the “Twist®” brand in 1998 and iscurrently marketing it as the progressive alternative to entry price point snowboard apparel and footwear brands.
For more information call800-900-SWAG or look us up at www.swag.com, www.twistgear.com, and,www.promclothing.com