Hey there traders!
We want to go into the weekend with a bang, so we present to you CGAC!
CGAC is a company that reduces the environmental impact of the apparel industry by designing, manufacturing, distributing, and selling apparel products from eco-friendly and sustainable textiles. It supports both the uniform needs and sustainability initiatives of companies worldwide, by offering a complete line of recycled apparel in the form of T-shirts, hats, polo shirts, pants, shorts, aprons, jackets and accessories.
Not only are they in an extremely profitable $13B industry, CGAC also has a technical setup that looks ready to breakout!
Currently priced at just a few cents, CGAC appears to be a steal. One quick look at its 3 month chart shows CGAC can move with momentum. Just take a peak at it’s October highs and earlier this week!
With all of these favorable developments in play and momentum building quickly, this play could have an impressive showing tomorrow!
On top of that, this past Wednesday, CGAC released a corporate update:
"As we start out the new year I felt it was timely to update our shareholders on some very positive recent events here at Code Green," said George J. Powell III, CEO of Code Green Apparel. "We focused much of our attention in 2015 on formative and structural requirements, including the lengthy process of filing the S1 Registration. These many processes are wrapping up at this point and we are now shifting our focus into the revenue building stage. We are also excited to inform you that we are well into product development and sample making for several key prospects.”
Powell continued, "The marketing and product development efforts we initiated late in 2015 have positioned us to start the process of building revenue for 2016.”
For all CGAC recent news, click here.
Here’s an exciting press release from this morning on CGAC:
On January 7, 2016 CGAC announced that it has entered into a Letter of Intent with Frisco Rivet LLC, to develop and produce Women's and Men's Denim Apparel and related sportswear under the popular Jacob Davis brand. Under this agreement, CGAC is also proud to announce that it will become the exclusive sourcing partner for all future Jacob Davis branded products.
"This is both a significant and exciting opportunity for Code Green as this agreement solidifies our relationship with Frisco Rivet and the Jacob Davis brand. We will begin to ship product by the middle of this year and anticipate revenue growth as we move into the fourth quarter of 2016 and first quarter of 2017," said George J. Powell III, CEO of Code Green Apparel.
Greg Judah, President of Frisco Rivet, added, "We are thrilled to be working with George and his professional team at Code Green Apparel. Combining our fashion perspective with the high quality denim product that Code Green will deliver is a winning formula for both companies.” The heritage of the denim jean, as is commonly known, can be traced back to 1870, when as a tailor, Jacob Davis was asked to design a pair of work pants. He decided to reinforce the seams with a copper rivet and the "modern jean" was then born. Frisco Rivet is poised to leverage both that rich heritage and its new partnership with Code Green, as it continues to make a meaningful impact on the multi-billion dollar denim industry.
Read more here.
BUSINESS SUMMARY
(CGAC - Code Green Apparel Corp.)
http://www.codegreenapparel.com/
Code Green Apparel Corp. or CGAC, reduces the environmental impact of the apparel industry by designing, manufacturing & distributing apparel products from eco-friendly and sustainable textiles. CGAC’s eco-friendly apparel from recycled textiles are distributed to various companies and industries worldwide. CGAC offers caps, t-shirts/shirts, pants/shorts, aprons, jackets, and accessories. CGAC was formerly known as J.D. Hutt Corporation and changed its name to Code Green Apparel Corp. in May 2015. Imagination inspires Transformation. As the pioneer behind this new process of rethinking textile waste, CGAC is proudly driving our industry away from landfills, and transforming the apparel industry for good. Code Green Apparel Corp. is focused on bringing Sustainable Textile Solutions to the "Corporate Marketplace" through development and marketing of uniforms and corporate logo apparel formulated from Recycled and Regenerated textiles. Code Green is leading the charge into this very important and emerging market segment. CGAC’s Factory Direct Business Model allows their recycled apparel to beat the current cost of employee uniforms. It's a win-win both financially and environmentally.
Click on their video, “What you wear, matters” here:
http://www.youtube.com/watch?v=h6kQAVi_xf0
INNOVATION HIGHLIGHT
Saving Water:
Cotton is one of the world's thirstiest crops and most desirable textiles, but it takes hundreds and sometimes thousands of gallons of water to grow enough cotton to manufacture a single shirt or even one pair of jeans. CGAC’s technology of recycling pre-consumer textile waste, significantly reduces the amount of water that is traditionally wasted during the intensive process of growing cotton in the fields. CGAC doesn’t just recycle cotton out of those 50-foot high mounds of textile waste, CGAC breathes new life into polyester and other blends of fabric as well.
Better Apparel:
Once the textile waste has been returned to its original form, it is then handled no differently than any other textile would be treated at an ordinary garment manufacturer. CGAC’s recycled apparel looks, feels and performs identically to any non-recycled piece of clothing. The yarns CGAC weaves and the fabric sown are subjected to the same industry standards and the employees of the company won't notice any difference with their fresh green apparel. But there is a difference in that new company uniform of theirs, a big difference, because what you wear, matters. It matters now more than ever, since responsible companies across the globe all share in company-wide sustainability initiatives that hold us all to that same rising standard. These environmental views can now be both supported and worn in the form of better apparel with a conscience -- Code Green Apparel.
Sustainability:
Companies are proving that it makes sense to their operations and our environment. Change of this sort within companies is both noble in effort and rewarding for our communities. But executives know all too well that implementing sustainability initiatives may ultimately doom the financial sustainability of their very own business model. In the face of this challenge, going green continues to be a major priority for many companies, but it needs to be, it has to be, the right shade of green. CGAC supports the sustainability initiatives of companies worldwide, empowering companies with
more green, for less financial green.
MARKET OUTLOOK
By 2018 market demand for clothing in the region is set to reach almost US$340 billion in nominal US dollar terms.
In 2000 the world’s consumers spent around US$1 trillion worldwide buying clothes. Around one third of sales were in Western Europe, one third in North America and one quarter in Asia. Today, clothing and textiles represent about seven per cent of world exports. Globally, the workforce in clothing and textiles production was around 26.5 million in 2000. More than a quarter of the world’s production of clothing and textiles is in China, which has a fast growing internal market and the largest share of world trade. Western countries are still important exporters of clothing and textiles, particularly Germany and Italy in clothing and the USA in
textiles.
The major environmental impacts of the sector arise from the use of energy and toxic chemicals: The sector’s contribution to climate change is dominated by the requirement for burning fossil fuel to create electricity for heating water and air in laundering. Other major energy uses arise in providing fuel for agricultural machinery and electricity for production.
Toxic chemicals are used widely in cotton agriculture and in many manufacturing stages such as pre-treatment, dyeing and printing. Waste volumes from the sector are high and growing in the UK with the advent of ‘fast fashion’. On average, UK consumers send 30kg of clothing and textiles per capita to landfill each year. Water consumption – especially the extensive use of water in cotton crop cultivation – can also be a major environmental issue as seen dramatically in the Aral Sea region.
More on the articles here and here:
There you have it folks! I urge my readers to start doing their own research on CGAC right away!
