Quintessence Holdings Inc announced that it has completed its agreement with Quintessence Apparel of New Jersey regarding the purchase of all its assets including Manufacturing equipment in the Republic of Dominica and all apparel production contracts.
Quintessence Holdings is in the process of filing for a subsidiary company in the State of Delaware called "Image Apparel Inc" which will house all the equipment and contracts.
Image Apparel Inc will be 100% owned by Quintessence Holding Inc, formerly EuroWork Global LTD. Image Apparel Inc will be headed by Neil Goldstein, a seasoned veteran of the business and the former CEO of Quintessence Apparel of New Jersey.
Key management will be retained by Image Apparel Inc in the Dominican Republic and in the United States for the operations and production of Image Apparel, the new subsidiary.
Quintessence Holdings Inc. also has commenced the reopening of the Dominican Republic factory, which should be in full operation by June 18, 2007. Contracts for production and completion of lines will be announced in late June for the second quarter of operations.
"This is a new beginning for our company. We have brick and mortar on the ground and we are optimistic that we can expand this division and we are working hard to find beneficial acquisitions for our shareholders," commented Joseph Pittera, President of EWKG.
Quintessence Holdings Inc
marketing@alchempro.com
