By: Matt Rego
Shares of Ami James Brands, Inc. (OTCQB: AJBI) jumped 10% on heavy volume on June 1, 2016, after the company announced they had signed an collaboration agreement with Yellow Cab Productions Inc. The stock normally sees virtually no volume, with an average daily volume of only 12 shares over the past month. However, shares of the Tattoo design company have seen nearly 459,000 shares exchange hands in the first several hours of the trading session, or around $105,000 in dollar volume.
Yellow Cab Productions Inc. is the exclusive licensor of Frank’s Chop Shop and its merchandise. The agreement signed with Ami James Brands, Inc. (OTCQB: AJBI) will create a lineup of Ami James merchandise collection. Here is complete press release on the agreement:
MIAMI, FL–(Marketwired – Jun 1, 2016) – Ami James Brands, Inc. (OTCQB:AJBI) (“Ami James Brands” or “Company”), a licensing and brand management company which has its core business rooted in the tattoo industry, is pleased to announce it has signed a Letter of Intent with Yellow Cab Productions Inc. (“Yellow Cab Productions”) to collaborate on a limited edition “Ami James” collection. Yellow Cab Productions is the owner and the exclusive licensor of “Frank’s Chop Shop” merchandise, including caps, hats, t-shirts, and accessories.
Frank’s Chop Shop hats and headwear are sold at all New Era flagship stores in the United States, Canada, Europe, and Asia. Frank’s Chop Shop is a New York institution and lifestyle brand that has been described as “Rat Pack nightlife meets urban grunge.”
“We are very excited to be exploring potentially endless collaboration opportunities with the most iconic tattoo artist in the world, Ami James. There are so many ideas and concepts that I would like to bring to fruition,” stated Tony Tricarico, President of Yellow Cab Productions.
Ami James, President of Ami James Brands, Inc., concluded, “I’m optimistic that we can complete the final framework for this exciting new collaboration with Frank’s Chop Shop in a timely fashion. This is going to be a wonderful business venture that could really help push the Ami James brand into the mainstream of fashionable headwear.”
About Ami James Brands, Inc. (AJBI)
Ami James Brands, Inc. is a licensing and brand management company which has its core business rooted in the tattoo industry. From apparel and fashion, to consolidating the fragmented tattoo industry, artist and entrepreneur Ami James is arguably the most recognizable face in the tattoo world. The Company is based in Miami, Florida, the home of the legendary “Miami Ink” tattoo studio, the Love Hate Social Club.
For additional information regarding Ami James Brands, Inc. visit www.amijamesbrands.com.
Notice Regarding Forward-Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
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