#Luxury Brand News: Reign Sapphire (OTCQB: $RGNP) Announces Expansion Capital from Existing Investors
BEVERLY HILLS, CA - July 6, 2017 (Investorideas.com Newswire) Reign Sapphire Corp., (OTCQB: RGNP) ("Reign" or the "Company"), a direct-to-consumer, branded and custom jewelry company, in an 8-K, announced a new line of credit from the company's largest investors that will allow expansion of sales/marketing and working capital.
"We are pleased with this vote of confidence from our largest investors," commented Joseph Segelman, Reign CEO. "The capital will allow us to accelerate our business plan at a time when our niche acquisitions are gaining traction."
About Reign Corporation:
Reign Sapphire Corporation (OTCQB: $RGNP) is a Beverly Hills-based, D2C branded and custom jewelry company with 3 niche brands: Reign Sapphires: ethically produced, millennial targeted sapphire jewelry; Coordinates Collection: custom jewelry, inscribed with location coordinates commemorating life's special moments; and Le Bloc jewelry: classic customized jewelry; http://www.reignsc.com.
Forward Looking Statements:
This press release includes "forward-looking statements" within the meaning of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of Reign Sapphire Corporation ("Reign" or the "Company"). Forward-looking statements are based on the expectations, estimates, or projections of the Company's management as of the date of this press release. Although Reign's management believes these expectations, estimates, or projections to be reasonable as of the date of this presentation, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies, which could cause the Company's actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause Reign's actual results or performance to differ materially from the forward-looking statements include those set forth in the "Risk Factors" sections in the Company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2016, which is available for viewing on the SEC's EDGAR website. These forward-looking statements speak only as of the date of this press release and, except as required by law, Reign specifically disclaims any obligation to update these forward-looking statements, even if new information becomes available in the future.
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SOURCE: Reign Sapphire Corporation
Reign Sapphire Corporation (OTCQB: RGNP)
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