RYU APPAREL INC - RYPPF STOCK NEWS

RYU Apparel Inc. has announced the addition of Roderick M. Sherwood III to its advisory board. Sherwood holds degrees from Stanford University and Harvard Business School, bringing extensive experience from roles like CEO of Westwood One and Co-Founder of Cinémoi NA. CEO Cesare Fazari emphasized that Sherwood's expertise aligns with RYU's strategy to enhance its position in both physical retail and the metaverse, competing with established brands like Lululemon and Nike. This strategic move aims for exponential growth in the urban athletic apparel market.

RYU Apparel Inc. (RYPPF) announces the appointment of Daphna Edwards Ziman to its Board of Directors. Ziman, a prominent figure in entertainment and philanthropy, brings a wealth of experience, having served as President of Cinémoi and worked in various capacities in film and music. CEO Cesare Fazari emphasized that her expertise aligns with RYU's values of respect and integrity, strengthening the company's position in the competitive athletic apparel market. RYU aims to establish itself alongside major brands like Lululemon and Nike while pursuing growth in both physical retail and the metaverse.

RYU Apparel Inc. (OTCQB: RYPPF) is sponsoring Canadian esports athletes at the inaugural Commonwealth Esports Championships in Birmingham, England, on August 6-7, 2022. This initiative reflects RYU's strategy to leverage the growing esports market, projected to reach USD 2.8 billion by 2028. Athletes will receive RYU products for competition and recovery, enhancing brand exposure. RYU's COO highlighted the opportunity within this multi-billion-dollar industry, while the CEO emphasized their commitment to supporting young athletes. The partnership aims to elevate RYU's presence in the esports domain.

RYU Apparel Inc. (OTCQB: RYPPF) has signed an advisory agreement with Thomas Carter, a blockchain expert, to lead RYU's Web3 initiatives. The partnership aims to create an immersive retail ecosystem, combining digital elements of the Metaverse with physical retail experiences. RYU plans to utilize Rypplzz's patented technology to enhance customer interactions and promote healthier lifestyles. Carter's extensive experience in blockchain technology will be instrumental in this innovative endeavor, potentially transforming retail experiences.

RYU Apparel Inc. (OTCQB: RYPPF) reported significant growth in its wholesale strategy for Q2 2022, surpassing forecasts. The momentum is fueled by a new strategic partnership with Thomas Ott and established wholesale partners like Nordstrom, Urban Outfitters, and Zappos. COO Rob Blair highlighted the company's focus on meaningful retail partnerships and a category-pillar approach. For 2023, RYU aims to position its Impact collection in key sporting goods channels, with future plans for luxury offerings and expansion into Esports.

RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) will present at the Emerging Growth Conference on July 20, 2022, at 12:45 PM ET. This interactive session allows investors to engage with executives, including COO Rob Blair and CEO Cesare Fazari. The company will discuss its growth history, recent developments, and its partnership with Rypplz, Inc. A recorded version will be available post-event. RYU specializes in urban athletic apparel designed for performance and durability.

RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) has appointed Thomas Carter, CEO of Total Network Services, as an advisor to lead its Web3 initiatives. Carter brings over 30 years of experience in action sports and blockchain technology. He is expected to enhance RYU’s engagement with customers through immersive experiences in the Metaverse and support their partnership with the NFL Alumni Academy. Plans include collaboration with Rypplzz for user-generated content strategies and proprietary LightPlay content, aiming to elevate customer interaction and brand loyalty.

RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) has announced a contract with the NFL Alumni Academy to provide high-performance apparel for the 2022 season. Following a successful inaugural partnership in 2021, RYU will outfit over 250 athletes and coaches. The deal aligns with the Academy's mission to develop NFL-ready players while also emphasizing life skills training. In addition, RYU aims to enhance brand recognition and engage with Academy athletes through a co-branded social media campaign focused on respect and community involvement.

RYU Apparel Inc. (OTCQB: RYPPF) reported a strong Q1 2022 performance, with revenues increasing to $347,938, up from $198,825 in Q1 2021. The company also saw a 49% rise in sales and a gross profit margin increase from 12% to 25%. Strategic operational achievements include a new three-pronged wholesale strategy, partnerships with major retailers like Indigo, and plans for category dominance in the Metaverse and Web3. RYU's executive team has been bolstered by key hires, aiming for a significant impact on growth.