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Billy Martin's USA, Inc. Announces Expansion Plan and Financial Agreement.


Business Editors & Retail Writers

NEW YORK--(BUSINESS WIRE)--March 21, 2002

Billy Martin's USA, Inc. (BMTN BMTN Bon à Moyen Terme Négociable (French: Mid-term negotiable bonds) ), a retailer of "western lifestyle" apparel, boots, jewelry and accessories, announced today a series of steps designed to expand its business internationally and enlarge the company's operations in the U.S.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Doug Newton, who founded the company with former Yankee manager Billy Martin in 1978, "We have an agreement with a New York-based investment banking entity, Lanzet Global Securities, Inc., to do an initial private placement for $1.5 million, with qualified institutional investors qualified institutional investor

An institutional investor that is permitted by the Securities and Exchange Commission to trade private placement securities without registering the securities with the SEC.
, both in the U.S. and overseas, pending completion of its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. .

"This should permit us to upgrade our stock listing to the NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
 Bulletin Board later this year, and give us the wherewithal to implement our business plan to extend the `Billy Martin's' brand name to exciting product categories and markets both at home and abroad.

"Potential new revenue sources for our American brand include a line of casual apparel to be wholesaled to specialty shops and select mass merchandisers; a collection of western-inspired home decor products Home Décor Products, Inc. is a large online retailer of home improvement and furnishings, headquartered in Edison, NJ. It claims to carry over 450,000 home products from over 800 luxury brands including TOTO, Lenox, Kohler, and Jacuzzi. ; a cologne and home fragrance; a Billy Martin's western barbecue food products and restaurant concept; and a western art and artifacts artifacts

see specimen artifacts.
 division celebrating the history, beauty and natural resources of America."

Newton said the company "will embrace e-commerce, and catalog marketing strategies, backed up by our 23-year-old brand name and brick-and-mortar experience." Domain names owned by Billy Martin's include BillyMartin.Com, CelebrityOutfits.Com, BestAmericanBrands.Com, RealAmericanBrands.Com, BuyTheWest.Com, WesternChic.Com, WesternHomeFurnishings.Com, BestWesternArt.Com and FindersOfTheLostArt.Com.

"We are also negotiating with a potential partner in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov.  to introduce the brand and other western products to a huge market of potential customers in Asia," commented Newton.

"Distinctive U.S products, such as Billy Martin's, are very appealing to Asian consumers," noted Stanley Lanzet, CEO of Lanzet Global Securities.

Newton believes that "interest in American-made, western-inspired goods has grown substantially in recent years and has reached a new level of popularity and importance in our country today. Understandably, this interest has dramatically increased this year, and has strengthened U.S. brand loyalty and the unity of truly American companies and products."

Billy Martin's USA, Inc. is a public company quoted on the National Quotation Bureau's Electronic Quotation System (commonly known as the "Pink Sheets"). The company advises that there is no assurance that the agreement with Lanzet Global Securities, Inc. will produce the aforementioned private placement or equity investments or other forms of financing for the company.

Except for historical financial information that may be contained herein, the matters set forth in this release are forward-looking statements -- as defined in Section 21E of the Securities Exchange Act of 1934 -- including statements about future business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , financial performance and market conditions. Such forward-looking statements involve risks and uncertainties, including, but not limited to, such factors as market demand, pricing and changes in worldwide economic conditions.

Billy Martin's USA, Inc. became public in October 2001, via a reverse merger with Hitech Resource Corp. which changed its corporate name to Billy Martin's USA, Inc. and its symbol to BMTN, after completing the acquisition of Billy Martin's Western Wear, LA, Inc.

Billy Martin's USA, Inc. is currently not an SEC reporting company.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 21, 2002
Words:541
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