RYU Apparel Announces Upgrade to the US OTCQB Marketplace
VANCOUVER, Oct. 5, 2018 /PRNewswire/ - RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) ("RYU" or the "Company"), creators of urban athletic apparel, is pleased to announce that commencing October 8th, 2018 its common shares will be listed for trading on the OTCQB Marketplace under the trading symbol OTCQB: RYPPF.
"We continue to expand our operations in the United States, opening a few more locations in the coming weeks," says Marcello Leone, CEO of RYU. "Providing this platform to our existing and prospective US shareholders is just the natural evolution of our corporate structure. Having received many inquiries from retail, private wealth, and institutional investors, we had to address and respect what the US market requires and the OTCQB allows for this exposure."
Athleisure is one of the fastest growing fashion sectors in the United States. Sales reached USD $9.6 billion in sales nationwide in 2017, an impressive 17% increase from 2016. Athleisure shows no signs of slowing down. Morgan Stanley projects the U.S. athleisure market will grow by a whopping 864% to $83 billion USD by 2020.
For regular updates on RYU Apparel visit: http://ryu.com
About RYU
Respect Your Universe is an award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of athletically minded men and women. Innovatively designed without compromise and tailored for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com
On Behalf of the Board
RYU APPAREL INC.
"Marcello Leone"
Marcello Leone, CEO, President and Chairman of the Board
Tel: 604-235-2880
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 RYU Apparel Inc.
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