|PORTLAND, Ore., June 28, 2013 /PRNewswire/ — (TSXV: RYU) (OTCQB: RYUN) Respect Your Universe, Inc. (“RYU”, www.ryu.com) is pleased to announce it has agreed to appoint Mr. James R. Nowodworski as its Chief Financial Officer of RYU, effective July 23, 2013. Mr. Nowodworski is a Certified Public Accountant [ CPA] with 30 years’ experience in financial services and retail. Of particular value to RYU is Mr. Nowodworski’s experience as Chief Financial Officer of Lucy Activewear, Inc. (“Lucy”), a company that was acquired by VF Corporation, which is a $7 billion public company. Lucy designs, sources, and retails women’s active wear through approximately 65 retail locations with annual sales exceeding $75 million. Mr. Nowodworski supported Lucy’s growth from 28 locations to 75 locations with over 700 employees in approximately 20 states. The appointment of Mr. Nowodworski will be effective as of July 23, 2013 due to prior time commitments of Mr. Nowodworski.
In addition to his experience at Lucy, Mr. Nowodworski has completed over 85 operating leases for a diverse group of retailers and has significant experience in developing banking relationships, and placements of term loans. Mr. Nowodworski also has extensive experience in point of sale and retail information systems.
“We are lucky to have a seasoned business and financial professional of Jim’s caliber join our team in a senior financial management position,” noted Craig Brod, Chief Executive Officer of RYU. “We look forward to Jim’s active role in guiding the financial management of our company and our anticipated successful expansion in the retail sector. We are excited to have him on board.”
Mr. Nowodworski will replace Aaron Loreth, who resigned as Chief Financial Officer.
Respect Your Universe, Inc. is a performance apparel brand designed for athletes and active adults. Crafted from organic and/or earth-friendly materials, RYU apparel enhances movement, is extremely comfortable and healthy for the environment. Founded in 2008, RYU has incorporated the lessons learned from mixed martial arts into beautiful everyday performance wear. For more information, visit www.ryu.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Respect Your Universe, Inc.
/CONTACT: 818 North Russell Street, Portland, OR 97227, Tel: +1 877 798 8326, Website: www.ryu.com; Investor Relations: Tel: +1 877 367 0704, Email: ir@ ryu.com; Media Inquiries: Public Relations, Respect Your Universe, Inc., Tel: +1 877 798 8326, Email: firstname.lastname@example.org
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Company Codes: TorontoVE:RYU, OTC-PINK:RYUN