Stock Watch: Beacon Equity Issues Market Alert for Lyric Jeans Inc.
Mar. 23, 2010 (GlobeNewswire) --
DALLAS, March 23, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Lyric Jeans Inc. The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
Lyric Jeans Inc. (LYJN) is a music-driven premium lifestyle brand involving lyrical content on denim wear, T-shirts, cashmere and accessories. The Company has licensing deals with the largest music publishing companies in the world, including Warner Chappell, EMI, Universal, Sony/ATV and Disney Music Publishing, to name a few, and has secured the rights to utilize lyrics made famous by The Beatles, The Rolling Stones, Janis Joplin, David Bowie, Marvin Gaye, Bob Dylan, Fleetwood Mac and many more. Lyric Culture is currently distributed at Bloomingdale's, Nordstrom and specialty boutiques in the United States as well as in Australia, Germany, Austria, Switzerland, Canada and the United Kingdom.
In the report, the analyst notes:
"Over the last 12 months, the Company expanded its premium Lyric Culture brand from specialty boutiques to department stores, including Bloomingdale's and Nordstrom. Launched in 2006 as women's apparel, Lyric Culture now includes men's, toddlers' and jewelry lines. The Company also introduced its moderately priced diffusion brands LYRIX and Lyric Generation into the marketplace at Target and Hot Topic.
"Prominent members of the music, entertainment and apparel industries have joined the advisory council of LYJN to assist in the Company's growth and strategic direction. The influential group includes: Trent Maclean, Jason Flom, Rob Kenneally, and Marty Josephson."
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.