“We are delighted to have someone of Mr. Klopp’s experience join the Company’s Board of Directors,” said Duminda DeSilva, Interim Chairman of the 4LC Board of Directors. “Hap’s vast industry relationships and intimate understanding of brand building should prove to be an invaluable resource for the Company as we roll out the isoBLOX® technology. I look forward to having him on our team.”
“isoBLOX® is a new and revolutionary technology,” said Hap Klopp. “It has the potential to solve numerous problems associated with impact injuries in sports and in daily life, which is something that the market today is clamoring for.”
isoBLOX® is a patented technology that provides substantial impact protection, without compromising flexibility or adding bulk. Its bio-mechanical design allows for significant air flow and moisture transport, while providing the wearer with breathability and moisture-wicking benefits. Pinwrest Development Group, LLC (“Pinwrest”), a majority-owned subsidiary of 4LC, introduced the isoBLOX® impact protection technology at the professional level in 2014 in a protective cap for pitchers.
Pinwrest has been working on additional product applications in baseball, soccer, football, and other sports that require protective equipment, as well as exploring other opportunities that involve industrial, aerospace, law enforcement and military applications.
4Licensing Corporation is a licensing and distribution company specializing in new technologies, sports-oriented and youth markets, and specialty brands. Through its subsidiaries, 4LC has begun to forge new business relationships in the sports licensing industry, and in developing private label goods to be sold at retail or directly to consumers. 4LC licenses the merchandising rights to product concepts and properties, builds brands through licensing, and develops ideas and concepts for licensing.
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. Readers are urged to consider statements that contain terms such as “may,” “will,” “should,” “believe,” “expect,” “project,” “intend,” “anticipate,” “plan,” or “estimate” to be forward-looking. Such risks and uncertainties include our ability to generate sufficient cash flow to operate as a going concern, including our ability to successfully derive significant product revenue from the sale of IsoBLOX® related products; our ability to raise additional capital; and those other risks and uncertainties described in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2013 and our subsequent reports filed with the SEC, as well as other factors. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, future events, or otherwise. You should independently investigate and fully understand all risks before making an investment decision.
INVESTOR: 4Licensing Corporation /Lynda Pandolfo, 646-822-4208 /lpandolfo@4LicensingCorp.com