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OmniaLuo Continues Its Growth Trajectory and Boosts Retail Store Count to 219

Aug 06, 2008

 

OmniaLuo, Inc. ("OmniaLuo" or the "Company") (OTCBB: OLOU), a China-based company engaged in the business of designing, developing, marketing and distributing fine women's apparel under the brand name OMNIALUO, today announced that it opened nine new stores in July. Of the nine new stores, two were independent distributor stores, five were co-owned stores and two were self-owned stores. In addition to these new store openings, OmniaLuo also entered into contracts with four new independent distributors for stores to be opened by year-end 2008. The addition of the July store openings increases OmniaLuo's retail store count to 219 throughout China. The retail network consists of:

-- 28 company-owned stores

-- 44 co-owned stores

-- 147 independent distributor stores (the highest margin of the three store types)

"We are extremely pleased with our continued growth," stated Ms. Cindy Luo, Chairwoman and CEO. "With 219 retail stores throughout China, we are already 88% of the way to our goal of at least 250 retail stores by year-end 2008," added Ms. Luo.

About OmniaLuo, Inc.

OmniaLuo, Inc. (ir.omnialuo.com), based in China's fashion capital of Shenzhen, is in the business of designing, developing, marketing and distributing fine women's apparel under the brand name OMNIALUO. OMNIALUO's apparel embodies elegance, femininity and sophistication for China's rapidly growing class of urban and affluent female professionals. With its rapid and strategic expansion plan, OMNIALUO plans to increase its retail presence to more than 250 retail stores and distributor relationships by year end 2008. Under the leadership of Cindy Luo, the Company's founder and award winning chief designer, OMNIALUO is positioned to become the Chinese brand equivalent of Donna Karan or Ann Taylor.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Factors that may affect these forward-looking statements include, among others, our dependency on our chief executive officer, principal stockholder and chief designer, our sensitivity to economic conditions and consumer spending in China, competition in our industry, our ability to effectively manage our growth, our ability to raise capital in the future, changes in China's economic or political situation, and other factors set forth in our Annual Report on Form 10-KSB filed with the United States Securities and Exchange Commission or otherwise set forth from time to time in our other public filings. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date of this news release.