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"The consolidation eliminates the sample fabric printing charge, which was approximately $8,000 last season. In addition to this savings, our price per square yard will be reduced by $4.71 or $5.91, depending on the roll size. This represents a savings of between 65% and 70% for comparable fabrics. We have also eliminated the need to ship between factories," stated Jeff Welsh CFO, My Vintage Baby.
Jessica Wiswall, CEO, My Vintage Baby added, "We can now accurately predict our fabric requirements, ensuring that all orders are filled, while producing no excess fabric. This is another exciting step in the on-going process of enhancing our customers' satisfaction with My Vintage Baby's exclusive children's fashions."
ABOUT MY VINTAGE BABY:
My Vintage Baby is recognized as "a piece of yesterday for the hip child of today." Visit the My Vintage Baby Shop Direct for select children's wear and accessories.
This press release contains "forward-looking statements," which are statements related to future, not past, events. These forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential business strategies, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," or "seeks." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in these statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
SOURCE: My Vintage Baby, Inc.
My Vintage Baby Morgan Boatwright, 972-548-9850 ext. 3 Investor Relations invest@myvintagebaby.com
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