Sole Tech Pulled From CCS
Posted on Friday, May 9, 2003 by Press
** FOR IMMEDIATE RELEASE **
May 07, 2003
Effective immediately, Sole Technology, Inc., the parent company of
Etnies, eS, Emerica & Thirty-Two, wishes to announce it has decided to
sever its long standing relationship with Phase Three and all of its divisions,
including CCS, Dan's Comp and Alloy (collectively, "Phase Three").
Though the relationship has historically been mutually beneficial and rewarding
to both parties, executive management team of Sole Technology has made this
unilateral business decision to move on, citing a failure to agree on certain
fundamental business terms required by Sole Technology as a
prerequisite to continue the business going forward.
May 07, 2003
The Sole Technology management team is confident that this decision is in the best long-term interests of Sole Technology and of its brands, Etnies, eS, Emerica & Thirty-Two. Sole Technology wishes to thank Phase Three for its committment to the Sole Technology brands and would like to wish the best to Phase Three and all of its divisions, including CCS, Dan's Comp and the Alloy and hope they have continued success with all of their business endeavors.
www.soletechnology.com
--------------------------------------------------------------------------------
Contact:
Sole Technology Inc.
20161 Windrow Drive
Lake Forest, CA 92630
USA
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