FORT LAUDERDALE, FL / ACCESSWIRE / March 1, 2016 / PayMeOn Inc. (OTC MARKETS: PAYM) ("PayMeOn" or "The Company"), a diversified developer, marketer, and manager of lifestyle brands and products, has today announced the creation of a new, wholly-owned subsidiary called PayMeOn Brands ("PAYM Brands"). PayMeOn has formed this new subsidiary to pursue the business of developing, marketing, managing and monetizing lifestyle brands and products. The Company intends to leverage its relationships and expertise with respect to manufacturing processes, wholesale and retail distribution networks, and social influencer promotion, primarily targeting youth oriented "lifestyle" markets to create and grow new and existing brands across several market segments.
According to Edward A. Cespedes, CEO of PayMeOn, "At the outset, the Company will focus primarily on integrated and diversified lifestyle apparel lines and alternative personal transportation products, but our platform will allow for rapid expansion as we are approached by various additional purveyors of lifestyle brands." Mr. Cespedes continued, "The Company is confident in the outstanding cumulative experience of its seasoned management team and is pleased to confirm that during this past Quarter (4th Calendar Quarter of 2015), the Company committed to building several novel and potentially lucrative partnerships, which are currently being enhanced."
Generally, the main business model that The Company intends to establish is best defined as the acquisition of "Exclusive Rights" to a variety of brands that it believes are able to be leveraged and expanded into additional "complimentary" product lines. In addition, the Company intends to develop and or acquire proprietary products, which are essentially brands that are still under contemplation but do not yet exist; such brands would target substantial growth markets and exist as "lifestyle" oriented brands.
In conjunction with the upcoming launch of both its products and brands, PayMeOn is proud to announce it has partnered with Willie Escobar Montanez and Jose Rodriguez to manage the potential growth, focus group activities, and development of future PayMeOn Brands. Messrs. Montanez and Rodriguez have nearly 40 years combined of experience creating, developing and marketing brands, especially in youth oriented markets.
Willie Escobar Montanez is well known for his own brand "Willie Esco," a highly successful urban streetwear brand and has worked with globally known brands, including Samsung, United-Arrows, Barneys, COOGI, Daymond John, KITH, Etonic, Tupac Shakur, Rag & Bone, and Android Homme. Mr. Montanez has secured licenses for brand development ranging from Tupac Shakur to MGM film/movie licenses that have been instrumental in generating more than $200 million in worldwide sales to date.
Jose Rodriguez has more than 15 years experience developing brands such as Platinum FUBU, Rocawear, Sean John and others. Mr. Rodriguez's design portfolio has generated more than $100 million in sales. Focusing especially on brand image, Mr. Rodriguez maintains personal and professional relationships with high profile luminaries and organizations, such as 50 Cent and G-Unit Records, Shady Records, StarPower Global (Fabolous), Roc Nation, Def Jam, and many others.
ABOUT PayMeOn Inc.
PayMeOn Inc. (PAYM) develops, markets, manages and monetizes lifestyle brands and products. The Company leverages its relationships and expertise with manufacturing, wholesale and retail distribution, and social influencer promotion, primarily in youth oriented "lifestyle" markets to create and grow new and existing brands across products. Today, the Company is primarily focused on lifestyle apparel and alternative transportation products, but its platform will allow for it to expand rapidly. Please visit the Corporate WEBSITE AT: http://www.paymeon.com/
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on PAYM's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which PAYM has little or no control. Such forward-looking statements are made only as of the date of this release, and PAYM assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by PAYM with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
Contact: Joanne Broeders, President
Frontier Global Funding
1395 Brickell Ave # 900
Miami, Fl 33131
C: 305.924.7100 (first line)
SOURCE: PayMeOn Inc.