TAG Inks Sales Invoice Factoring Agreement

NEW YORK--(BUSINESS WIRE)--Total Apparel Group, Inc. (“TAG” or the “Company”) (OTC Pink:TLAG), a master distributor and licensee of market-leading international trademarks in the branded apparel, footwear and accessories sectors, announced today that it has entered into a receivables factoring agreement with Coral Capital Solutions (“Coral”) (www.coralcapitalsolutions.com) that will expedite the cash flows of the Company and provide collection services, while reducing credit risk. “Coupled with our recently announced credit facility, this factoring agreement arms us with a powerful tool to accelerate growth,” said TAG CEO Janon Costley. “For those investors not familiar with factoring arrangements, from time to time TAG may sell our receivables to Coral at a moderate discount to the total bill. We can then immediately use the cash advance received from Coral to place more orders with our manufactures. Coral will also assume the credit risk of certain customers and continually monitors the credit worthiness of existing customers through its credit approval process. In addition to these services Coral also facilitates and manages the collection of payments from the customers whose receivables it has purchased from the Company. Extremely well capitalized, Coral has the required funds to suppo...
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TAG Enters Auditor Engagement

NEW YORK--(BUSINESS WIRE)--Total Apparel Group, Inc. (“TAG” or the “Company”) (OTC Pink:TLAG), a master distributor and licensee of market-leading international trademarks in the branded apparel, footwear and accessories sectors, announced today that it has engaged MHM Mahoney Cohen CPAs (the New York practice of Mayer Hoffman McCann P.C.) as its auditors of record. Once the audit is complete, TAG will file its audited financial statements with the SEC and simultaneously begin the process to become a fully reporting public company. “As important as our recent commercial developments have been, this is equally as significant to our evolution as a responsible public company,” said TAG CEO Janon Costley. “MHM Mahoney Cohen has a stringent prospective client screening process; that they have chosen to work with TAG legitimizes our efforts to date and ensures that our investors will have access to financial statements of the highest caliber. Furthermore, completing an independent audit is the key step to becoming a fully reporting public company, which is a prerequisite to migrating our stock’s listing to the Over-the-Counter Bulletin Board. We believe that MHM Mahoney Cohen is the firm best equipped to position TAG toward this near term goal. We look forward to providing our investors complete transparency via universally accessible filings, and increasing our stock’s visibility through an eventual OTC BB listing.”To be added to the Total Apparel Group investor email list, please email justin.davis...
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TAG Acquires Secured Line of Credit

NEW YORK--(BUSINESS WIRE)--Total Apparel Group, Inc. (“TAG” or the “Company”) (OTC Pink:TLAG), a master distributor and licensee of market-leading international trademarks in the branded apparel, footwear and accessories sectors, announced today that it has secured a line of credit through Hartsko Financial Services (“Hartsko”) (www.hartsko.com) that will assist the Company in financing purchase orders for Active Apparel and Kappa North America, two of TAG’s wholly-owned subsidiaries. TAG’s line of credit available is up to $10 million per transaction. Hartsko has become TAG’s “purchase order finance” and “letters of credit source” for its current, active business units. Founded by Richard Eitelberg, CPA, Hartsko handles about $180 million in annual transactions.“This is an important development for Total Apparel Group. Our Finance team has done a great job in executing a strategy that will position the company for immediate rapid growth,” said TAG CEO Janon Costley. “Although generally considered a short to mid-term solution, the relationship with Hartsko is another critical step in our long term growth strategy. They have years of experience and an excellent reputation in the financial industry. Securing this line allows the company to utilize existing purchase or...
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TAG Announces Initiation of Sales, Provides Initial Revenue Results

NEW YORK--(BUSINESS WIRE)--Total Apparel Group, Inc. (“TAG” or the “Company”) (OTC Pink:TLAG), a master distributor and licensee of market-leading international trademarks in the branded apparel, footwear and accessories sectors, announced today it initiated sales in August, making its first product shipments to Footlocker Canada, Athletes World, Browns Shoes and others. TAG recognized revenue of approximately $312,000* for the abbreviated quarter ending September 30, 2009. th quarter and heading into 2010. We look forward to reporting further sales progress more regularly as we continue to grow.”Welcome to the Total Apparel Group. To be added to the Total Apparel Group investor email list, please email justin.davis@cirrusfc.com with TLAG in the subject line.*Revenue figures are unaudited and thus subject to change.About Total Apparel Group, Inc.Total Apparel Group, Inc. (OTC Pink:TLAG) (www.tapginc.comTMTMTMTM®® brands, considered two of the world’s leading fashion-driven athletic lifestyle brands. To learn more, please visit us at ...
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Inspired by the FIFA World Cup, the Spring/Summer 2010 FIFA Collection Successfully Fuses Style and Futbol for a Second Season

NEW YORK--(BUSINESS WIRE)--In anticipation of the 2010 FIFA World Cup South Africa™, FIFA Collections announces the U.S. launch of its Spring/Summer 2010 ranges, which takes futbol (soccer) inspired lifestyle designs to an exciting and impactful level while retaining their unique authentic sports heritage. The decision to launch a FIFA branded lifestyle apparel line globally in advance of the 2010 FIFA World Cup™ is timely, but even more so in the United States as the U.S. Men’s soccer team continues to make great strides in international competitions and the popularity of the sport continues to grow exponentially in this market. TM as design inspiration. The brand maintains its unique positioning; a fusion of futbol, fashion and culture. Each individual collection has a recognizable signature interlinked through FIFA’s rich sporting history.FIFA Collections will appeal to both futbol (soccer) and fashion fans across the world and will carry the signature marks of the authentic futbol lifestyle brand. Unique inspiration from both key historic futbol moments merged with contemporary fashion trends underpin this exciting new range.FIFA Collections for Spring/Summer 2010 are designed and manufactured through Global Brands Group– the international brand management and licensing company - FIFA’s exclusive worldwide Master Licensee. FIFA Collections are distributed in the US and Caribbean, by New York based Total Apparel Group, Inc. (...
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Total Apparel Group, Inc. Signs Deal to Become the Exclusive U.S. Master Distributor of Official FIFA and FIFA World Cup(TM) Branded Merchandise

NEW YORK, NY--(MARKET WIRE)--Dec 19, 2008 -- Total Apparel Group, Inc. (Other OTC:TLAG.PK - News) announced today that it has been appointed by FIFA's Exclusive Worldwide Master Licensee, Global Brands Group (GBG) for a multi-year exclusive Distribution Rights agreement within the United States, Caribbean and U.S. Territories for 2010 FIFA World Cup(TM) and other FIFA Branded Products in the broad apparel, footwear, accessories and related products categories.In 2005 Global Brands Group, Inc. was appointed by FIFA as its exclusive retail, licensing and event merchandising representative worldwide for 2007-2014. In doing so GBG's goal is to develop an unparalleled sport, leisure, lifestyle and event range of FIFA officially licensed products. The mission is "To create the leading sport lifestyle and event brand through the fusion of football (soccer) and fashion."FIFA, the world governing body of football, is considered one of the world's most recognized corporate marks. Over 26 billion cumulative viewers watched the 64 matches of the 2006 FIFA World Cup(TM) and there was over $US2 billion in FIFA related retail sales generated globally. However, in the 104-year history of the organization, this is the first time that an official signature collection of merchandise bearing the FIFA mark has been launched outside of direct connections to actual FIFA World Cup(TM) events.Mr. Mark Matheny, CEO & Co-Chair of GBG agrees, saying "Total Apparel Group provides FIFA and Global Brands Group with a first class distribution and retail partner for both FIFA Event- and FIFA-branded product, and we are very excited about the prospe...
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