#Luxury Brand News: Reign Sapphire Corporation (OTCQB: $RGNP) Signs Exclusive International Distribution Agreement for Qatar for Recently Acquired Coordinates Collection
Second Middle East Agreement for Coordinates Collection
BEVERLY HILLS, CA - December 12, 2016 (Investorideas.com Newswire) Reign Sapphire Corporation, (OTCQB: RGNP) ("Reign" or the "Company"), a jewelry company that sells branded and custom jewelry direct to consumers, today announced the signing of an exclusive international distribution agreement for Qatar for Reign Brands, Coordinates Collection and Le Bloc.
On December 5th, Reign Sapphire Corporation announced the completion of its acquisition of 100% of the assets of custom jewelry company, Coordinates Collection Inc.
Founded in 2012, Coordinates Collection offers customized jewelry that uses materials such as semi-precious to precious metals and stones, as well as ceramic coatings. The company sells bracelets, rings, and necklaces that display the latitude and longitude of any place that represents a special memory to the customer.
Coordinates Collection is distributed predominately online, with retail distribution in Dubai through its flagship brick and mortar store in the Mall of Dubai. Products are designed and manufactured in Los Angeles, CA.
Joseph Segelman, Reign Sapphire Corporation, CEO, said, "We are pleased to announce our second international agreement in the Middle East and look forward to continued growth in the region."
Owen De Vries, Reign Brands Head of International Business Developments and Strategic Partnerships, added, "We are excited with the caliber of our international partners and are delighted to announce our latest international agreement."
About Coordinates Collection.
Coordinates Collections brands, including Le Bloc and Coordinates, combine quality craftsmanship and timeless designs to provide a personalized shopping experience to commemorate life's most memorable moments: http://www.coordinatescollection.com.
About Reign Sapphire Corporation:
Based in Beverly Hills, California, Reign Sapphire Corporation is a fully-reporting, DTC-eligible company, established as a "mine-gate to retail" model for fine sapphires - rough sapphires to finished jewelry, a color gemstone brand, and a jewelry brand featuring Australian sapphires, www.reignsapphires.com, http://www.reignsc.com.
Joseph Segelman, CEO
9465 Wilshire Boulevard
Beverly Hills, CA 90212
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, 2015, 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.
SOURCE: Reign Sapphire Corporation
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