Next Inc. Announces Renewal of Ford License
CHATTANOOGA, Tenn.--Next Inc. (OTCBB:NXTI), an emerging leader in the sportswear products industry, today announced that Ford has renewed the Company’s apparel license through December of 2008 for various distribution channels which include Department Stores, Mass retailers, and Specialty Stores. The Company previously announced it has been one of Ford’s top licensees over recent years based on royalty revenue generated, ranking 2nd out of 34 in 2006.
John Nens, Ford Motor Company Global Brand Licensing, commented, "We were pleased to have extended our mutually beneficial relationship with Next Inc. as they remain one of Ford's top apparel licensees. Next Marketing continues to embrace every Ford vehicle past and present, always creating compelling graphics and art work that result in their products enjoying superb retail sales. By consistently supplying quality and innovative Ford branded apparel offerings, they have become an integral player in the success of our licensing program."
Joe Ferragina, the Company's Exec VP of Sales, stated, "We continue to be pleased with the success of our Ford branded product offerings within our retail accounts. We enjoy working with the top notch professionals in Ford's licensing group and look forward to continued success together."
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 imprinted sportswear primarily through major college and university, motor sports and other major promotional key licensing agreements and the Company's own proprietary brands. Next is one of the dominant players in the highly fragmented imprinted sportswear industry.
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.com 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.