Lust for Life Footwear Meeting Strong Consumer Demand for Early Fall Boots Currently Receiving New Orders for Spring/Summer Season

Rhea-AI Summary

Renewable Energy & Power, Inc. (OTC PINK:RBNW) announces a $600,000 initial order for Fall Footwear, focusing on fashionable boots. The Company, through its subsidiary Lust for Life Footwear, is set to streamline manufacturing and shipping, allowing for earlier deliveries in June. New wide calf boots will be introduced, targeting a broader demographic to enhance revenue. With a projected 50% sales boost for the Fall season, Lust for Life is benefiting from its recent relationship with Brazil, enabling quick turnarounds for Spring/Summer orders.

Positive

• Initial order of $600,000 for Fall Footwear, indicating strong demand.
• Streamlined manufacturing and shipping to deliver boots earlier in June.
• Introduction of wide calf boots expands the target demographic and revenue potential.
• Projected 50% sales boost for Fall Footwear.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / February 23, 2022 / Lust for Life Footwear LLC (the "Company"), the main subsidiary of Renewable Energy & Power, Inc. (OTC PINK:RBNW), is turning its attention to Fall Footwear and is excited to announce an initial order for $600,000 in fashionable boots. As Lust for Life recently announced, our success in streamlining our manufacturing and shipping has enabled us to begin delivering these early core boots in June rather than what was historically the months of August and September.

Lust for Life will also be introducing wide calf boots into its collection to appeal to a larger demographic and increase revenue. The continuing manufacturing of boots will then proceed into August and September with new fashion trends. This will give the Fall Footwear a projected boost in sales of 50 percent.

Lust for Life Footwear announced a powerful relationship with Brazil in the last press release as well as the short lead time for manufacturing and shipping. Lust for Life has been currently receiving orders for season Spring/ Summer 2022. The ability to utilize Brazil for in-season and quick turnaround is now benefiting both the consumer and our customers.

About Renewable Energy & Power, Inc.:

Renewable Energy & Power, Inc. (OTC PINK:RBNW) is the parent company to Lust for Life Group. RBNW is a holding company for apparel lines with both direct to consumer and wholesale sales to national retail chains. Previously, RBNW was focused on renewable energy projects, however in August 2019, with the acquisition of Blind Faith Concepts, Inc., which holds 100% of Lust for Life, LLC, RBNW's management determined to shift operations to focus on apparel. For more information on RBNW, visit www.lustforlifeshoes.com.

Safe Harbor and Forward-Looking Statements:

This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company's OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

IR Contact:
Lust for Life Footwear, LLC
55 Washington Street, Suite 703
Brooklyn, NY 11201
Phone:718-971-9704
karenberend@thelflgroup.com

SOURCE: Renewable Energy and Power, Inc.

View source version on accesswire.com:
https://www.accesswire.com/689961/Lust-for-Life-Footwear-Meeting-Strong-Consumer-Demand-for-Early-Fall-Boots-Currently-Receiving-New-Orders-for-SpringSummer-Season

FAQ

What is the significance of RBNW's $600,000 order for Fall Footwear?

The $600,000 order signifies strong consumer demand and confidence in Lust for Life Footwear's product lineup.

How will the introduction of wide calf boots impact RBNW's sales?

The introduction of wide calf boots is expected to appeal to a larger demographic, potentially increasing revenue for RBNW.

When will Lust for Life Footwear start delivering Fall boots?

Lust for Life Footwear plans to start delivering Fall boots in June, ahead of the usual schedule in August and September.

What are the projected sales increases for RBNW's Fall Footwear line?

RBNW anticipates a 50% boost in sales for its Fall Footwear line, driven by early deliveries and new product offerings.

How is RBNW benefiting from its relationship with Brazil?

RBNW is benefiting from faster manufacturing and shipping through its relationship with Brazil, allowing timely fulfillment of Spring/Summer orders.