VANCOUVER, British Columbia, Aug. 25, 2014-- Respect Your Universe, Inc. (TSX VENTURE: RYU) (OTCQB:RYUN) ("RYU"), a global performance training and fitness brand with origins in the movements and philosophy of martial artistry, created for the multisport athlete, is pleased to announce the appointment of Jameel Vaghela as Chief Financial Officer effective September 2, 2014.
Jameel Vaghela will be replacing Jim Nowodworski as Chief Financial Officer.
Mr. Vaghela holds a Master of Professional Accounting and a Chartered Accountant designation and has an extensive background in finance, accountancy, corporate taxation and financial markets. Mr. Vaghela's previous roles include Big 4 assurance and advisory experiences at KPMG and PwC where he gained an understanding of the retail apparel sector. Most recently he was responsible for all financial activities related to G4S's aviation screening contract with the Canadian Air Transport Security Authority.
Jameel Vaghela, RYU's CFO, stated, "As a fitness enthusiast, I am very excited to be part of the innovative, high quality and fast growing Respect Your Universe brand. I am also very excited to work together with industry heavy-hitters such Marcello Leone and Manfred Vollmer."
Marcello Leone, RYU's CEO, President and Chairman, stated, "We are excited to have Jameel join our entrepreneurial team. His recent experiences are a solid fit for RYU as we implement our retail roll-out and growth strategy."
About RYU
Respect Your Universe, Inc. is a global performance training and fitness brand with origins in the movements and philosophy of martial artistry, created for the multisport athlete. We deliver uncompromising style, comfort, durability, and function for our customers. We exist to facilitate the best in human performance. For more information, visit www.ryu.com.
On Behalf of the Board
RESPECT YOUR UNIVERSE, INC.
Marcello Leone, CEO, President and Chairman of the Board
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.
Investor Relations /
Tel: +1 877 367 0704/
Email: ir@ryu.com
Hayden IR/
hart@haydenir.com/
917-658-7878
Media Inquiries/
Public Relations/
Respect Your Universe, Inc./
Tel: +1 877 798 8326 /
Email: pr@ryu.com
Statements regarding the future growth of RYU are "forward- looking statements", which are subject to risks and uncertainties, which may cause the actual results, performance or achievements of RYU to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, that RYU's business plan is dependent on additional financing, which it may be unable to obtain on terms acceptable to RYU, changes in general economic or market conditions that could impact consumer demand for RYU's products, and RYU's ability to execute on its business plan. Except as required by law, RYU undertakes no responsibility to update any of the forward-looking statements contained in this news release.
SOURCE Respect Your Universe, Inc.
http://www.ryu.com
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