posted
LYJNs' chart is definitely starting to shape up - higher lows off of recent bottom. Actually HOLDING over the 20 MA for once. The 50 MA is next up and could start some serious momentum upon that break.
posted
Nice action of late! Broke over the important .40 mark today.. and crossing over the 50 DAY MA as well. Very bullish action of late. Might be accumulation in advance of some news...I'd keep an eye out.
IP: Logged |
Lyric Jeans Forms Latin International Division LOS ANGELES, CA -- (MARKET WIRE) -- June 27, 2006 -- Lyric Jeans, Inc. (PINKSHEETS: LYJN) today announced the formation of its Latin division which will be based in Miami, the heart of the Latin music industry. Lyric Latin will operate as a wholly owned subsidiary of Lyric Jeans, Inc. and expects to achieve licensing deals with all of the major Latin music publishers.
According to the Recording Industry Association of America, shipments of Latin music grew by 14 percent in 2005. The total suggested list price for the industry was $753.7 million. Soundscan reported that sales of Latin music albums in the United States have grown from 27.4 million in 2003 to 35.9 million in 2005. In fact, ''Latin is the only genre that saw growth in 2005 compared to 2004,'' according to Leila Cobo, Billboard Latin Bureau chief.
Lyric Jeans is committed to supporting the talented Latin songwriters internationally. The formation of Lyric Latin is the first step in addressing the strong influence of the Latin culture on the music and fashion industries.
Lyric Jeans is a music driven premium clothing line involving lyrical content on jeans, denim wear and accessories. Each pair of jeans reflects the personality, style and flare of the artist and song through its design. With the vision of fusing the world of music with fashion, Lyric Jeans employs a cutting-edge design strategy allowing consumers to express themselves stylishly through song lyrics. Lyric Jeans recently announced licensing deals with Warner/Chappell Music and Universal Music Publishing Group. The company's manufacturing partner is American Garment Sewing, one of the leading U.S. companies in premium denim production.
IP: Logged |
For those who have kept an eye on this stock, we are getting closer to the time for the Fall Roll-out of their product line. When you look at the comparison of the two charts that they show in the report at
between True Religion Brand Jeans (starting the year before) and Lyric Jeans you see a close comparison from September thru June ('04 and '05 respectively), then you see the rapid rise of True Religion's stock in early July of '04. This may be an indicator of when the industry's fall season begins. If this is true, then Lyric Jeans may be getting ready to come out soon!
posted
I had a girl friend check out the site, she says if Brittney will just wear a pair of the jeans, we have a winner. And to think, my little lady is just a Junior in college.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
![[Wink]](wink.gif)
