Next Inc. Expands General Motors Corporation License; Compliments Prestigious American Automotive License Portfolio
CHATTANOOGA, Tenn.--April 1, 2005--Next Inc. (OTCBB:NXTI) an emerging leader in the sportswear and promotional products industry today announced an enhancement of its licensing agreement with General Motors Corporation . The license will allow Next to develop, sell and ship GM Official Licensed Products to new distribution channels.New distribution channels covered by the license include farm stores, e-commerce and GM's new and used vehicle dealerships. The license further grants Next with the right to use the all new 2005 Corvette(R) C6 Trademark and body design on their baseball cap and screen printed t-shirt offerings as well as it expands the use of the HUMMER(R) Trademark to now include polyester on cotton baseball and football jerseys and embroidered and screen printed long-sleeved mock turtle neck offerings.
Bill Hensley, the Company's CEO stated, "The expansion of our General Motors Corporation licensing agreement is another positive step to continue growing our license portfolio. We've been very pleased with our recent success in developing new customers within the vast U.S. automotive dealer network and with auto enthusiasts. With the exciting new product releases by General Motors like the all new Corvette C6, the loyal auto enthusiasts are looking for new and exciting branded products."
"We continue to see excellent opportunities as we move forward on our 3-pronged growth strategy of 1) growing the license portfolio, 2) growing the customer base and 3) making significant synergistic and accretive acquisitions."
About Next Inc. http://www.nextinc.net
Next, Inc. is a creative and innovative sales and marketing organization that designs, develops, markets, and distributes licensed and branded promotional products and imprinted sportswear primarily through major college and university, motor sports and other major promotional key licensing agreements and the Company's own proprietary designs. Next is one of the dominant companies in the highly fragmented licensed promotional products and imprinted sportswear industries.
The company has expanded its distribution to include e-commerce through which a significant amount of the Company's most popular licensed products is marketed. The most significant are, www.campustraditionsusa.com, www.rpmsportsusa.com, www.americanbiker.net and www.americanwildlifeusa.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which contains a safe harbor for forward-looking statements. The Company relies on this safe harbor in making such disclosures. The statements are based on management's current beliefs and assumptions about expectations, estimates, strategies and projections. These statements are not guarantees of future performance or results and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.
Chevrolet, The Bowtie, Corvette, The Corvette Cross Flags, HUMMER, all related Emblems and vehicle body designs are General Motors Trademarks used under license to Next, Inc.