Horiyoshi Worldwide (OTC:HHWW) Hits $1.00 on Acquisition News

Horiyoshi Worldwide (OTC:HHWW) Hits $1.00 on Acquisition News

Shares of Horiyoshi Worldwide (OTC:HHWW) hit $1.00 per share today on heavy volume after announcing the acquisition of a luxury fashion brand based in Japan. In late trading, HHWW was up 18 percent at $1.00 per share on volume of nearly 900,000 shares.

Mitsuo Kojima, President and CEO of HHWW, announced the acquisition of Japan based, fashion apparel design and production house - Horiyoshi the Third Limited ("HIII").

Based in Japan, Horiyoshi the Third Limited ("HIII") designs, manufactures, and markets the "Horiyoshi the Third Collection" - a high end clothing and accessories product line based on the artistry of Co-Founder and World Class Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). "The Horiyoshi Collection transforms the unique vision and unequivocal precision of this revered tattoo artist and the richness of the Japanese tattoo tradition into an inimitable brand experience" said Mitsuo Kojima, President and CEO of Horiyoshi Worldwide.

Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com. The debut collection was noted in the New York Times as, "A great new line based on a living legend."

The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 45 luxury boutiques and department stores in 25 cities worldwide. Committed to the utmost quality and luxury in the design and production, the collection currently consists of casual wear for men, casual wear for women, and unisex accessories retailing at "Designer" price points.

Horiyoshi Worldwide aims to expand product categories in Denim and selective license or cross-license agreements to third party producers in "Bridge" and "Complimentary" categories such as: undergarments, leather goods, footwear, active and general lifestyle products. Any such expansion or licensing arrangements will be pre-conditioned on appropriate minimum sales commitments, the Company's ability to preserve the design and quality of the products manufactured, and the Company's ability to control the manner in which such products are advertised, marketed, and distributed.

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